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NAIC MODEL PRIVACY OF CONSUMER FINANCIAL AND HEALTH INFORMATION REGULATION
To assist state insurance departments to comply with Title V of the Gramm-Leach-Bliley Act, the NAIC adopted the Model Privacy of Consumer Financial and Health Information Regulation (the "Regulation").
PREMIUM TAX CREDIT TRENDS AND DEVELOPMENTS IN COLORADO
Robert M. Ferm, Esq. Beth A. Dickhaus, Esq. Regulators in the state of Colorado are taking steps to revise the process by which insurance companies can qualify for abatements against premium taxes.
CAPITALISM, COMPETITION AND INNOVATION ABOUND IN SOUTH CAROLINA INSURANCE MARKET
H. Kelley Jones, Esq. Prior to 1974, South Carolina's assigned risk plan ("ARP") for private passenger auto insurance was a source of considerable public consternation in that no physical damage coverage was offered, agents had no binding authority, liability rates were substantially above those in the voluntary market and insureds relegated by the ARP considered themselves "stigmatized", just to name some of the more prominent criticisms.
SERFFING, U.S.A.
Fredric Marro, Esq. Developed in the early 1990's, the System for Electronic Rate and Form Filing ("SERFF") continues to limp along. In the early stages of the National Association of Insurance Commissioners ("NAIC") development of SERFF, several insurance departments and insurance carriers agreed to test a system that would assist insurers in bringing products to market with greater speed and cost efficiency.
IOWA SUPREME COURT AFFIRMS MUTUAL POLICYHOLDER RIGHT TO BRING DERIVATIVE SUIT
John C. Schachterle, Esq. The Supreme Court of Iowa recently resurrected a policyholder lawsuit against two insurance companies, Allied Mutual Insurance Company ("Mutual") and Allied Group, Incorporated ("Group"), along with numerous individual defendants who were directors of Allied Mutual.
REGULATORY REFORM IN MISSOURI SENATE BILL 193
Marc G.R. Warren, Esq. On July 12, 2001, Senate Bill 193, otherwise known as the Single Producer Licensing Bill, was signed into law by Missouri's Governor. |
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