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April 8, 2013
Print Version of Articles in April 8 ICI
Print this file for text of articles in the current issue....
Regulators May Start Reviewing Corporate Governance During Market Conduct Exams
Insurance commissioners might be open to expanding review of corporate governance beyond financial exams....
New Michigan Laws Impact Insurers’ Use of Credit Scores
The new laws are both opening the door, and restricting, how insurance companies can use personal credit information....
Feds Fine Four Mortgage Insurers $15.4 Million in Kickback Probe
Captive reinsurance agreements with affiliates of mortgage lenders “were essentially worthless but designed to make a profit for the lenders," said the Consumer Financial Protection Board....
PREMIUM OVERCHARGES: Four Companies Settle Auto Insurance Allegations in Massachusetts
The carriers were found to have failed to refund surcharge the state had found to be improper....
PREMIUM OVERCHARGES: Life of the South Fined for Failing to Reduce Rates in Maryland
The carrier failed to implement rate decreases that had been ordered....
Nevada’s Chief Examiner Murdered
The murder doesn't appear to be related to William McCune’s work for the state....
The Fed OKs Final Rule for Designating Nonbanks as SIFIs
The final rule largely follows the proposed rule, with several exceptions, including determining when a company is predominantly engaged in financial activities....
Insurance Regulations, Bulletins & Legislation – April 8, 2013
Our roundup of recent regulatory developments and legislation....
Insurance Compliance Insight
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