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THE NAIC CREATES A NEW MODEL THIRD PARTY ADMINISTRATOR ACT TO MAKE TPA LICENSING EASIER AND MORE EFFICIENT IN ALL STATES
Hugh Alexander, Esq. At the December 2001 Winter Meeting, the National Association of Insurance Commissioners ("NAIC") completed the Working Group process of revising the existing Third Party Administrators Act, hereafter referred to as the ("ACT").
THE NATIONAL INSURANCE CHARTER AND SUPERVISION ACT
Alan J. Levin, Esq. In December 2001, Senator Charles Schumer of New York introduced The National Insurance Chartering and Supervision Act (the "NICSA" or the "Act") providing for the optional federal chartering of insurance companies and insurance agencies.
SELLING AN INSURANCE AGENCY LICENSED IN TEXAS?
David D. Knoll, Esq. When the Texas Legislature adopted legislation reforming its insurance agent licensing system last summer,
NAVIGATING THE SAFE HARBORS OF GLB
Faith M. Williams, Esq.
Miranda C. Motter, Esq. In November 1999, barriers that once prevented banks,1 insurers, and investment companies from expanding into each other's businesses were removed when President Clinton signed the Gramm-Leach-Bliley Act ('GLB') into law.
NEW YORK DOCTRINE ON ECONOMIC LOSS
Francine L. Semaya, Esq.
William K. Broudy, Esq. Part of the widespread and yet-to-be fully calculated damage caused by the September 11, 2001 destruction of the World Trade Center in New York City is the enormous economic loss stemming from business interruption.
The FORC Journal is designed to provide practical and useful information, but not legal advice. If legal advice is required, please seek professional counsel. FORC does not endorse the views expressed in any of the articles contained in the FORC Journal.
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