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May 21, 2018
Print Version of May 21 ICI
Print this file for text of articles in the current issue....
New York Fines William Penn $6.3 Million for Improper Reinsurance Transactions
The carrier allegedly tried to minimize the reserves required to back its life insurance policies....
Highmark BCBS Reveals It Mailed Personal Health Information to Wrong Addresses
The company sent 507 explanation of benefits forms to the wrong people in Delaware....
Washington Halts Business Operations of Microsoft Captive
The state is alleging that Cypress Insurance hasn’t paid an estimated $1.42 million in premium taxes....
New Justice Department Policy Seeks to Discourage ‘Piling On’ of Penalties
The policy will encourage coordination among areas within the DOJ and other enforcement agencies when imposing multiple penalties for the same conduct....
New South Carolina Cyber Law Has Requirements for Insurers
The law, based on an NAIC model, comes as Rhode Island considers similar cyber legislation....
Insurance Regulations, Bulletins & Legislation – May 21, 2018
Our exclusive roundup of recent regulatory developments and legislation....