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New Jersey issues bulletin revising standards for equity indexed annuity products

Edwards Wildman Palmer LLP
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USA
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January 26 2012

On December 28, 2011, the New Jersey Department of Banking and Insurance (the “Department”) issued Bulletin 11-31 (the “Bulletin”) revising standards for equity indexed annuities (EIA), which are annuity contracts with a value based on performance of a specified equity-based index (or indices

New York completes merger of its Insurance and Banking departments

Edwards Wildman Palmer LLP
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USA
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January 26 2012

As previously reported on InsureReinsure, the State of New York merged its the Insurance and Banking Departments into a new, single agency known as the Department of Financial Services (“DFS”), with new and heightened oversight responsibilities over the financial services industry as a whole

New York enacts legislation to merge the Insurance and Banking Departments

Edwards Wildman Palmer LLP
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USA
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June 23 2011

New York Governor Andrew Cuomo released a bill on February 1, as part of his 2011- 2012 budget, proposing to merge the State’s Insurance and Banking Departments

New York enacts legislation to merge the insurance and banking departments

Edwards Wildman Palmer LLP
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USA
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April 29 2011

As reported in our February 15, 2011, and March 1, 2011, Client Advisories, New York Governor Andrew Cuomo released a bill on February 1, as part of his 2011-2012 budget, proposing to merge the State's Insurance and Banking Departments

New York governor and legislative leaders agree on budget including a bill to merge the New York Insurance and Banking Departments

Edwards Wildman Palmer LLP
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USA
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March 28 2011

Yesterday, New York Governor Andrew Cuomo, State Assembly Speaker Sheldon Silver and State Senate Majority Leader Dean Skelos announced an agreement with respect to the 2011-2012 budget (the “Budget”), including, among other things, an agreement to adopt a bill (the “Bill”) merging the State’s Insurance and Banking Departments into a single agency

Bill to merge the New York insurance and banking departments now seen as likely to pass

Edwards Wildman Palmer LLP
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USA
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March 24 2011

As reported in our February 15 and March 1 Client Alerts, New York Governor Andrew Cuomo unveiled a bill (the “Bill”) as part of his 2011-2012 budget (the “Budget”), proposing to merge the State’s Insurance and Banking Departments and the Consumer Protection Board into a single agency

Governor revises bill proposing to merge New York’s insurance, banking and consumer protection regulators into a single agency

Edwards Wildman Palmer LLP
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USA
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March 1 2011

As reported in our February 15, 2011 Client Alert, New York Governor Andrew Cuomo unveiled a bill (the "Bill") on February 1, as part of his 2011-2012 budget, proposing to merge the State's Insurance and Banking Departments and the Consumer Protection Board into a single agency, to be known as the Department of Financial Regulation (the "DFR"

A new regulatory regime? New York's Proposal to Merge its Insurance and Banking Departments and Consumer Protection Board into a Single Agency

Edwards Wildman Palmer LLP
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USA
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February 15 2011

On February 1, 2011, New York Governor Andrew Cuomo unveiled a proposed 2011-2012 executive budget (the "Executive Budget"

New York budget includes proposal to merge insurance and banking departments

Edwards Wildman Palmer LLP
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USA
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February 2 2011

Yesterday, New York Governor Andrew Cuomo unveiled a proposed 2011-2012 executive budget (the “Executive Budget”