Director Chlora Lindley-Myers (MO), 2019 Chair of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC), announced on February 8, 2019 on a committee conference call the names of the regulators who will act as Chairs and Vice Chairs of the D Committee’s Task Forces and Working Groups for the coming year.
Industry Developments
Insurance and Reinsurance Newsletter – January 2019
Locke Lord’s Insurance & Reinsurance Newsletter provides topical snapshots of recent developments in the fast-changing world of insurance. For further information on any of the subjects covered in the newsletter, please contact one of the members of our Insurance team.…
The Federal Reserve (FRB) has released new information on proposed capital rules for insurers that own a depository institution
By Troutman Pepper Locke on
Posted in Industry Developments, United States
The Federal Reserve (FRB) has released new information on proposed capital rules for insurers that own a depository institution.…
New Insurance Commissioner Appointed in Hawaii
By Stephanie Kelly & Troutman Pepper Locke on
Posted in Industry Developments, United States
Colin M. Hayashida has been appointed the Hawaii Insurance Commissioner effective January 1, 2019. He was appointed by Department of Commerce and Consumer Affairs (DCCA) Director Catherine P. Awakuni Colón. …
US Treasury Announces New Covered Agreement on Insurance and Reinsurance Regulation with UK
By John Emmanuel & Troutman Pepper Locke on
The U.S. Department of the Treasury and the Office of the U.S. Trade Representative announced on December 11, 2018 that they intend to sign a new Bilateral Agreement between the U.S. and the U.K. on Prudential Measures Regarding Insurance and Reinsurance (“Covered Agreement”).
In its press release, the U.S. Treasury…
Document Retention Aspects of New York Cybersecurity Regulations
The New York Department of Financial Services Cybersecurity Regulations, 23 NYCRR part 500 (the “Cybersecurity Regulations”), require companies subject to the regulations to update their record retention schedule for particular documents mandated by the Cybersecurity Regulations. In particular, covered entities must have policies and procedures in place for the…
Investment Project Expected to Yield Portfolio Strengthening and Risk Sensitivity
By Troutman Pepper Locke on
Insurers may soon benefit from reporting revisions to diversify and strengthen investment portfolios and enhance managing Risk Based Capital (“RBC”). As part of the ongoing National Association of Insurance Commissioners (“NAIC”) Investment Classification Project it is proposed that RBC for NAIC designated mutual funds be based on the underlying holdings…
Insurance and Reinsurance Newsletter – September 2018
Locke Lord’s Insurance & Reinsurance Newsletter provides topical snapshots of recent developments in the fast-changing world of insurance. For further information on any of the subjects covered in the newsletter, please contact one of the members of our Insurance team.
In This Issue:
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TDI to Require Online Applications for Insurance Licenses
Texas Department of Insurance (TDI) has recently announced that it will now require online applications for most individual insurance related licenses.
Paper applications will no longer be accepted if an online license application is available.
Not all applications are web-based. Some license types are still required to be submitted using…
Join Locke Lord, AIRROC and Pro. for the Boston Regional Education Day
Wednesday, September 12, 2018
9:00 am – 5:00 pm Eastern
Locke Lord LLP
111 Huntington Avenue, 9th Floor
Boston, MA
The program will feature updates on some of the biggest trending topics for the insurance industry in 2018:
- Hurricane Maria: A Caribbean Cat and the Puerto Rico Insurance Experience
- Insurance
…