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Aug. 11, 2014
Print Version of Articles in Aug. 11 ICI
Print this file for text of articles in the current issue....
Florida Unclaimed Property Court Decision: Life Proceeds Payable Upon Proof of Death; No Duty to Search DMF
The court overturned a state declaration that proceeds are due upon the death of the insured, even if no claim is made....
Washington, Oregon Fine Insurers $172,500 for Market Conduct Errors
Insurers were sanctioned for using unapproved health plans, unapproved life insurance and annuity sales, and for not implementing an approved rate increase....
FINRA Fines Could Be Most Assessed Since 2006
Fines this year could be 49 percent higher than in 2013 and approach $85 million....
Suspicious Activity Report Credited with Busting Auto Insurance Fraud Ring
The crooks were actually operating two fraud schemes, and the auto insurance fraud was discovered when they got greedy....
International Issues, Capital Standards, Accessibility & Affordability On FACI Agenda
The panel has nine members from industry and, for the first time, a state lawmaker....
Insurance Regulations, Bulletins & Legislation – Aug. 11, 2014
Our exclusive roundup of recent regulatory developments and legislation...