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January 16, 2017
Print Version of January 16 ICI
Print this file for text of articles in the current issue....
U.S., European Union Agree on Terms of Covered Agreement
It has gotten a mixed reaction from the industry and insurance commissioners....
FINRA 2017 Exam Priorities Include Compliance, Supervision, Risk Management
Specific areas of concern include producers who don't understand what they're selling, unaddressed cybersecurity exposures at vendors and trading long-term products like variable annuities on a short-term basis....
Washington Disciplines Six Insurers for Underpaid Claims, Appointment Lapses, Faulty Filings
A systems error led to one company paying the wrong interest rate and shortchanging claimants by $1 million....
Illinois Unpaid Benefits Bill Would Require Life Insurers to Check Records Dating to 1996
The state treasurer calls the legislation the next logical step to bring common sense change to the life insurance industry....
Insurance Regulations, Bulletins & Legislation – Jan. 16, 2016
Our exclusive roundup of recent regulatory developments and legislation....