FORC Journal - Vol. 23 Edition 1 - Spring 2012

March is a busy month -- the start of daylight savings time, the official first day of Spring and the arrival of the latest edition of the FORC Journal. Enjoy.

Kevin Fitzgerald, Editor

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POWER OF ISSUER OF A QUALIFIED FINANCIAL CONTRACT TO WALK AWAY

By  Fred M. Haskins, Esq., PATTERSON LAW FIRM
In a very typical investment situation, such as with a Qualified Financial Contract, the issuer will make enforceable promises, creating obligations, to an insurance company.

FLORIDA'S BILLION DOLLAR FRAUD TAX

By  Kevin G. Fitzgerald, Esq., FOLEY & LARDNER LLP, Erika Lorenz Alba, FOLEY & LARDNER LLP, Paul W. Lowell, FOLEY & LARDNER LLP
Two constant truths exist in the politics behind a legislative session. These truths exist whether one is concerned with Congress in Washington DC, a state Legislature, or even a local city council or county commission.

THE CO-OP PROGRAM UNDER THE AFFORDABLE CARE ACT: INSURANCE REGULATION ISSUES

By  William J. Toman, Esq., QUARLES & BRADY LLP
On February 21, 2012, the Centers for Medicare & Medicaid Services (CMS) announced long-term loans totaling almost $639 million for Consumer Operated and Oriented Plans (CO-OPs) to offer private, nonprofit health insurance plans in eight states.

THE CHANGING FACE OF U.S. INSURANCE REGULATION

By  Kenneth R. Wylie, Esq., SIDLEY AUSTIN LLP
Regardless of your view of the debate over state versus federal regulation of insurance, recent actions at the NAIC and legislative actions by the U.S. Congress, are changing the way insurance is regulated in the U.S.

SURVEY OF SERVICE CONTRACT LEGISLATION

By  Alan J. Schmitz, Esq., SCHMITZ & ASSOCIATES, PC
Over the past decade numerous jurisdictions have adopted new or updated service contract legislation to supplement state oversight of a growing area of commerce.