Regulatory Archives - Page 166 of 166 - Insurance & Reinsurance

Introducing Pennsylvania’s New Insurance Commissioner

Jun 14, 2007 | Industry Developments, Regulatory | United States

Joel Ario, former insurance administrator of the Insurance Division in the Oregon Department of Consumer and Business Services (“DCBS”), has confirmed that he has accepted the nomination by Pennsylvania Governor Edward Rendell to serve as Insurance Commissioner for Pennsylvania.

NAIC Adopts Military Sales Practices Model Regulation

Jun 8, 2007 | Regulatory | United States

On June 4, 2007, the National Association of Insurance Commissioners (NAIC) adopted the Military Sales Practices Model Regulation. The purpose of the Model Regulation is to provide uniform standards through which active duty service members of the United States Armed Forces are protected from dishonest and predatory insurance sales practices.

NAIC Begins Drafting of Excess/Surplus Lines Interstate Compact

Jun 7, 2007 | Excess and Surplus Lines, Federal Legislative Developments, Regulatory | United States

In an effort to stay one-step ahead of related federal legislation, an interested parties group within the NAIC has begun drafting an interstate compact that will allow for the uniform regulation of excess/surplus line transactions.

NAIC Plans to Address Collateral Issue by Modernizing Reinsurance Regulation

Jun 7, 2007 | Regulatory, Reinsurance | Bermuda, European Union, United States

Earlier this week, the Reinsurance Task Force (“RTF”) met at the NAIC’s quarterly conference in San Francisco to discuss ways to overhaul reinsurance regulation in the United States thereby reducing collateral charges for nonadmitted reinsurers.

National Insurance Act/Optional Federal Charter Legislation Reintroduced in Senate

Jun 6, 2007 | Excess and Surplus Lines, Federal Legislative Developments, Insolvency, Restructuring and Run-Off, Regulatory | United States

On May 24, 2007, optional federal charter (OFC) legislation was reintroduced into the Senate as the National Insurance Act of 2007 (S. 40) (NIA), co-sponsored by John Sununu (R-NH) and Tim Johnson (D-SD). A similar bill is expected to be reintroduced into the House by Ed Royce (R-CA) in the coming weeks.

The Proposed Retirement Security for Life Act of 2007

Jun 4, 2007 | Federal Legislative Developments, Life Insurance & Annuities, Regulatory | United States

In an effort to combat the inadequacy of retirement funds for Baby Boomers, Representatives Stephanie Tubbs Jones (Democrat) and Phil English (Republican) reintroduced the Retirement Security for Life Act (H.R. 2205) on May 8, 2007 (originally introduced in 2004).

Topic: Regulatory

Introducing Pennsylvania’s New Insurance Commissioner

NAIC Adopts Military Sales Practices Model Regulation

NAIC Begins Drafting of Excess/Surplus Lines Interstate Compact

NAIC Plans to Address Collateral Issue by Modernizing Reinsurance Regulation

National Insurance Act/Optional Federal Charter Legislation Reintroduced in Senate

The Proposed Retirement Security for Life Act of 2007

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