The North Carolina Department of Insurance is preparing 2012-2013 annual company appointment renewal billings. All appointment renewals must be processed electronically through the National Insurance Producer Registry (NIPR). The NIPR [...]
The NAIC is forming a working group to study the marketing of the new contingent annuities and other similar products. Various industry organizations and regulators are discussing how the product [...]
The North Carolina Department of Insurance cancelled many individual Surplus Lines licenses for failure to pay the required license renewal fee by August 31, 2011 for the 2011-2012 license period. [...]
The Dodd-Frank financial services reform law established the Treasury Department’s Federal Insurance Office (FIO). Michael McRaith is the FIO director. The Treasury Department has established a Federal Advisory Committee on [...]
There is considerable discussion being waged among representatives of the NAIC, FDIC, Federal Insurance Office (FIO), The International Association of Insurance Supervisors and the American Insurance Association, to name a [...]
The National Association of Insurance Commissioners (NAIC) has elected its new officers. They will assume their duties on January 1, 2012. The new officers are: President: Kevin McCarty, Florida Insurance [...]
The Target Markets Program Administrators Association (TMPAA) released the report and results of its ground-breaking research to document the size, characteristics, growth and other base-line information about the program insurance [...]
The Dodd-Frank financial services modernization law mandates creating the Financial Stability Oversight Council (FSOC). The law also mandates three insurance representatives sit on the Council but only one with voting [...]
The new New York State Department of Financial Services (DFS) becomes effective on October 3. There will be a press kickoff event to announce the merger. The new Superintendent of [...]
Roy Woodall was approved by the Senate Banking, Housing and Urban Affairs committee as the independent member of the Financial Stability Oversight Council (FSOC) with insurance expertise. The Dodd-Frank Wall [...]
