The NAIC Innovation and Technology (EX) Task Force met December 4th and discussed and adopted model law language amendments to the Unfair Trade Practices Act (#880) pertaining to anti-rebating. The adopted amendments permit the offer or provision by insurers or producers, by or through employees, affiliates or third party representatives, of value-added products or services at no or reduced cost when such products or services are not specified in the policy of insurance if the product or service relates to the insurance coverage and meets certain other specified criteria.
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Privacy & Cybersecurity Newsletter – Fall 2020
Locke Lord’s Privacy & Cybersecurity Newsletter provides topical snapshots of recent developments in the fast-changing world of privacy, data protection, and cyber risk management. For further information on any of the subjects covered in the newsletter, please contact one of the members of our privacy and cybersecurity team.
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Incumbent Insurance Commissioners Survive Election Night 2020
By Troutman Pepper Locke on
Posted in Regulatory, United States
While much remains to be decided after a tumultuous Election Night 2020, the five elected Insurance Commissioner positions on the ballot this year appear to have been filled as expected, with four incumbents retaining their positions and the one vacancy on its way to being held by the candidate of the same party as the departing commissioner.…
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COVID-19 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 26-30, 2020)
By Benjamin Sykes & John Emmanuel on
Posted in COVID-19, United States
In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. …
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COVID-19 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 19-23, 2020)
By Benjamin Sykes & John Emmanuel on
Posted in COVID-19, United States
In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. …
Read More COVID-19 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 19-23, 2020)
COVID-19 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 10-16, 2020)
Posted in COVID-19, United States
In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.
Read More COVID-19 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 10-16, 2020)
LL Surplus Lines Series (Entry 27): Developments in the Surplus Lines Diligent Search Requirement
By Zachary Lerner & Troutman Pepper Locke on
Posted in Excess and Surplus Lines, United States
Multiple developments occurred in the last few weeks throughout the United States relaxing diligent search standards in the surplus lines marketplace.
Read More LL Surplus Lines Series (Entry 27): Developments in the Surplus Lines Diligent Search Requirement
COVID-19 Monthly Insurance Regulatory Updates To Keep You Informed During The Lockdown (September 2020)
Posted in COVID-19, United States
For September we have provided a monthly recap of insurance regulatory COVID-19 updates. Moving forward updates will be published on a weekly basis.
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UK High Court Rules on Business Interruption Insurance Test Case
By Ernesto Palomo & Troutman Pepper Locke on
On September 15, 2020, the UK’s High Court issued its highly-anticipated ruling on the “test case” for COVID-19 business interruption insurance coverage. The case was brought by the UK Financial Conduct Authority (FCA) on behalf of several policyholders – many small and medium sized enterprises (SMEs) – to determine how the Court would rule on several different policy wordings for business interruption insurance in relation to losses arising out of the COVID-19 pandemic. …
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NEW PROGRAM ADDED: Join Locke Lord for a Complimentary Summer Speaker Series on Issues Impacting the Insurance Industry as We Move to the Next Phase of COVID-19
By Stephanie Kelly & Troutman Pepper Locke on
The summer is coming to an end…and so is our Summer Speaker Series! Join us for the final program in our series on issues impacting the insurance industry as we move to the next phase of COVID-19. One hour of CLE is approved in CA, IL, TX and NY. Other states are pending.
Read More NEW PROGRAM ADDED: Join Locke Lord for a Complimentary Summer Speaker Series on Issues Impacting the Insurance Industry as We Move to the Next Phase of COVID-19