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February 27, 2012
Print Version of Articles in Feb. 27 ICI
Print out this file for text of articles in the current issue....
New York Orders End to Automatic Opening of RAAs for Life Insurance Payouts
It is the first state to require that life insurers make a single, lump-sum payment for the death benefits of a life insurance policy, unless an individual expressly chooses to have a retained asset account....
Washington Fines Three Insurers $135,000 for Market Conduct Violations
The judgments came for offering improper inducements to sell one insurer's products and for not acting quickly enough to settle appeals filed by another carrier's policyholders....
Kansas Bulletin Has Warning About Improper Advertising
The state is addressing what it sees as “a growing problem” with the advertising practices of third-party marketers....
NCOIL Urges States to Adopt NASAA, NAIC Senior Designation Models
An NCOIL resolution adopted last week seeks more accountability, transparency and disclosure in insurance....
Insurance Regulations, Bulletins & Legislation – Feb. 27, 2012
Our roundup of recent regulatory developments and legislation....