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October 31, 2016
Print Version of Oct. 31 ICI
Print this file for text of articles in the current issue....
FinCEN Adds New Requirement: Start Filing SARs for Cyber Incidents
The action comes as federal banking regulators and New York state are proposing strict new cyber rules....
Court Says Insurers Can’t Challenge Life Policies for Lack of Insurable Interest Under Old Wisconsin Law
The ruling applies to policies governed by Wisconsin law that were issued prior to November 2010, but that law is no longer on the books....
Washington Fines Insurers for Late Filings, Lapsed Appointments ... And Flowers
Other penalties were assessed for illegal discretionary clauses and selling annuities that weren’t approved for sale in the state....
Insurance Regulations, Bulletins & Legislation – Oct. 31, 2016
Our exclusive roundup of recent regulatory developments and legislation....