The Illinois Department of Insurance recently published proposed regulations impacting insurance producer licensing in Illinois. While largely technical in nature, the proposed rules do require an individual to spend at least 51% of their time in Illinois to be considered a “resident” producer. Moreover, with respect to business entities which
Regulatory
Kevin McCarty Appointed Chair of the NAIC International Insurance Relations Committee
By Troutman Pepper Locke on
Florida Insurance Commissioner Kevin McCarty has been selected by the NAIC as the new chair of the NAIC’s International Insurance Relations Committee. McCarty has been very involved and outspoken on international insurance issues for several years on behalf of the U.S. insurance industry. In addition, he has served as insurance…
Read More Kevin McCarty Appointed Chair of the NAIC International Insurance Relations Committee
“NARAB II” Will Ease Insurance Producer Nonresident Licensing Burden
Anthony B. Sherman, partner in our Chicago office, discusses how Congress has put in place a mechanism to streamline nonresident licensing for insurance producers.
Congress has put in place a mechanism to streamline nonresident licensing for insurance producers. The National Association of Registered Agents and Brokers Reform Act of 2015…
Read More “NARAB II” Will Ease Insurance Producer Nonresident Licensing Burden
It’s Official: Locke Lord, Edwards Wildman Combination Launched; Locke Lord Edwards Expands Global Reach, Enhances Client Services
By Troutman Pepper Locke on
January 12, 2015 – Locke Lord LLP and Edwards Wildman Palmer LLP have officially merged, creating Locke Lord Edwards, a firm with more than 1,000 lawyers in 23 cities around the world as well as a combined history of more than 125 years. With joined revenues, it will be among…
Read More It’s Official: Locke Lord, Edwards Wildman Combination Launched; Locke Lord Edwards Expands Global Reach, Enhances Client Services
House Passes TRIA Extension and Sends the Bill to Senate
On Wednesday, the House overwhelmingly passed an extension of TRIA by a vote of 417-7. The House vote is a step closer to ensuring the bill does not expire at years’ end.
Read More House Passes TRIA Extension and Sends the Bill to Senate
Congress Passes Bill Loosening Dodd-Frank Capital Restrictions on Insurers
By Troutman Pepper Locke on
Posted in Federal Legislative Developments, Regulatory
Congress passed a bill that will loosen the Dodd-Frank capital rules imposed on insurers.
Read More Congress Passes Bill Loosening Dodd-Frank Capital Restrictions on Insurers
Edwards Wildman Looks Forward to Seeing You at the NAIC – November 15-17, 2014
By Troutman Pepper Locke on
Posted in Regulatory
In the long standing tradition of the attorneys of Edwards Wildman Palmer LLP we will be attending the Fall NAIC Meeting in Washington, D.C., November 15-17, 2014.
Read More Edwards Wildman Looks Forward to Seeing You at the NAIC – November 15-17, 2014
Please Join Us: Insurance M&A and Capital Raising Roundtable
By Troutman Pepper Locke on
Posted in Regulatory
Please join BDO USA, LLP, Edwards Wildman Palmer LLP and Sandler O’Neill + Partners, L.P. for a complimentary breakfast briefing. This event will highlight key considerations in a successful M&A transaction or capital raising transaction in today’s economic climate for the insurance industry.
Read More Please Join Us: Insurance M&A and Capital Raising Roundtable
California Broadens the Exemption to the Confidentiality of Statements Filed Pursuant to the California Holding Company Act
By Troutman Pepper Locke on
Posted in California Developments, Regulatory
California law presently provides for a limited exemption from discovery for a request for a document filed pursuant to the California Holding Company Act. This exemption applies to documents and information reported to the Insurance Commissioner in registration statements or obtained by or disclosed to the Insurance Commissioner in the course of an examination or investigation.
Read More California Broadens the Exemption to the Confidentiality of Statements Filed Pursuant to the California Holding Company Act
UK: CMA publishes final report in car insurance market investigation
By Troutman Pepper Locke on
Posted in Regulatory, United Kingdom
On September 24 2014, The Competition and Markets Authority (CMA) published the final report in its investigation into the private motor insurance market. The report covers the measures the CMA anticipates taking to increase competition in the car insurance market and reduce the cost of premiums. …
Read More UK: CMA publishes final report in car insurance market investigation