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November 20, 2017
Print Version of Nov. 20 ICI
Print this file for text of articles in the current issue....
New York Fines Cigna $2 Million Fine for Improper Sales Practices
The company sold a type of health insurance to small-group companies that weren't authorized to buy it....
California Bars Companies from Workers’ Comp Business
The Insurance Department says they weren’t properly registered and were selling insurance without a license....
Anthem Letter to Competitor’s Customers May Have Been Premature
It tells them they have been assigned to an Anthem plan for 2018 and asks for a first payment – even though consumers have until next month to select their own plan....
Treasury Recommends Changes to FSOC’s Non-Bank SIFI Designation Process
The report suggests relying on state regulators first and using a SIFI designation as a final option....
NAMIC Asks Senate Committee to Include Insurance in Proposed Reforms
After years of pleading with Congress to not regulate insurance like banks, insurers are now asking that insurance to be included in a bill that will regulate banks....
Group Says FINRA Doing Poor Job of Protecting Public Interest
A report says many current and former public governors have conflicts of interest that prevent them from representing the interests of investors....
NICB Releases Holiday Auto Theft Report
It’s the holiday season – the time of year when people are kinder to others. And it turns out that applies even to those who steal motor vehicles....
Notice to Readers – Nov. 20, 2017
In keeping with our publishing schedule, the next issue of Insurance Compliance Insight will be available Dec. 4, 2017. We hope you all enjoy the Thanksgiving holiday with your families and loved ones.
Insurance Regulations, Bulletins & Legislation – Nov. 20, 2017
Our exclusive roundup of recent regulatory developments and legislation....
Insurance Compliance Insight
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