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December 4, 2017
 
Print Version of Dec. 4 ICI
Print this file for text of articles in the current issue....
 
New York Issues $1.47 Million Fine for Selling Unlicensed Insurance
The insurance policies were underwritten by Lloyd's underwriters, who aren't authorized to sell life insurance in the state....
 
Progressive in $2 Million Settlement Over ‘Health First’ Auto Policies
Two companies found out the hard way that auto insurance companies have to be the primary payer for medical claims when the policyholder is on Medicare or Medicaid....
 
Zenefits Must End Practice of Giving Away Benefits Software
A November administrative ruling has upheld last year's order to end free distribution of its software....
 
NAIC Will Add Best Interest Standard, Disclosures to Annuity Suitability Model
The intent is to harmonize insurance rules with those of other regulators....
 
NAIC Elects Officers for 2018
Tennessee insurance commissioner Julie Mix McPeak will become the next NAIC president....
 
Industry Executive Is New FSOC Nominee
President Trump intends to name Thomas Workman, a former president of the Life Insurance Council of New York....
 
Labor Department Delays Fiduciary Rule 18 Months
The announcement of the delay to July 1, 2019 got immediately approval from industry....
 
NCOIL Changes Its Name, Discusses Building Codes
It is now the National Council of Insurance Legislators to better the national nature of its membership....
 
Insurance Regulations, Bulletins & Legislation – December 4, 2017
Our exclusive roundup of recent regulatory developments and legislation....