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February 4, 2013
Print Version of Articles in Feb. 4 ICI
Print this file for text of articles in the current issue....
Best Practice Tip: Improve Your Social Media Policies by Reviewing Proposed Guidance for Banks
Insurance regulators lean heavily on the social media guidance issued two years ago for broker-dealers, and there’s no reason to think they won’t look at this document as well....
ERISA Disclosure Missteps End In $5.7 Million Federal Settlement
The Labor Department alleged that the carrier never told its ERISA plan clients how it would correct transaction errors, and that resulted in improper profits....
Illinois No-Action Letter Says Indexed Annuities Not Subject to Securities Registration
The Illinois Securities Department “will take no enforcement action with respect to the offer and sale ... of indexed annuity contracts...."
SPECIAL REPORT: CFA’s Latest Automobile Insurance Report Requires A Closer Look
The claim is the largest personal auto carriers frequently make safe drivers pay more than those who cause an accident. Hmmmm....
Insurance Regulations, Bulletins & Legislation – Feb. 4, 2013
Our roundup of recent regulatory developments and legislation....
Insurance Compliance Insight
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