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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Read More Insurance and Reinsurance Newsletter – September 2018
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…
Read More TDI to Require Online Applications for Insurance Licenses
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:
…
Read More Join Locke Lord, AIRROC and Pro. for the Boston Regional Education Day
Join Locke Lord, AIRROC and Pro. for the Boston Regional Education Day
Wednesday, September 12, 2018
8:00 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:…
Read More Join Us – Locke Lord invites you to the Boston Regional Education Day – September 12
As reported here, the NAIC adopted a model law for the protection of the data and systems used by the insurance industry, and South Carolina became the first state to enact legislation based on the NAIC model. In doing so, however, the South Carolina legislature created some uncertainty by…
Read More South Carolina Department clarifies confusing change in its new Insurance Data Security Act
Vermont Act 134 (H.719) (“Act 134”), signed by Governor Phil Scott on May 17, 2018, is set to come into effect on July 1, 2018. Originally introduced by Representative Botzow of Pownal in January of this year, Act No. 134 makes general amendments to the laws regarding permitted investments of…
Read More Responding to BEAT; Vermont Creates the Affiliated Reinsurance Company
The NAIC International Insurance Forum held May 14 – 15 in Washington, D.C. brought together distinguished panelists and speakers providing insight on several insurance topics of interest. A discussion of several of these follows.
On disaster risk management, there was a discussion on the soft reinsurance market and abundant reinsurance…
This week the NAIC held its annual International Insurance Forum in Washington, D.C. The event featured speakers from around the globe and included industry leaders, regulators, academics, trade group leaders and consumer advocates. Panels covered a wide range of topics, including the role of insurance and reinsurance in disaster risk…
Read More NAIC Holds International Insurance Forum in Washington
As we reported here, and further analyzed here in October 2017, the NAIC adopted an Insurance Data Security Model Law.
On May 3, 2018, the South Carolina Governor made South Carolina the first state in the nation to adopt a comprehensive cybersecurity statute for the insurance industry, by signing…
Read More South Carolina becomes First State to enact Insurance Data Security Law based on NAIC Model
On April 27, 2018 a new bill, H.R. 5666, the “Primary Regulators of Insurance Vote Act of 2018,” was introduced into Congress by Reps. Dennis Ross, R-Fla. and Denny Heck, D-Wash. If enacted, H.R. 5666 would elevate the role of the state insurance commissioner in the Financial Stability Oversight…
Read More Bill to get FSOC State Insurance Commissioner a Vote
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