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NAIC report: 2013 spring national meeting

Sutherland Asbill & Brennan LLP
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USA
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April 22 2013

The following are some highlights from the Spring National Meeting of the National Association of Insurance Commissioners (NAIC), held in Houston

New budget proposals once again target insurance companies

Sutherland Asbill & Brennan LLP
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USA
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April 15 2013

On April 10, the Obama Administration released its fiscal year 2014 budget (FY 2014 Budget). Of note, the FY 2014 Budget includes a number of tax

Constitutional challenge to Kentucky's death master file statute rejected

Sutherland Asbill & Brennan LLP
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USA
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April 4 2013

A Kentucky state trial court has rejected a challenge to a state statute requiring life insurers to search the Social Security Administration Death

Retained asset account litigationsummary judgment entered for MetLife

Sutherland Asbill & Brennan LLP
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USA
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March 20 2013

On March 8, 2013, the U.S. District Court for the District of Nevada, Judge Larry R. Hicks presiding, granted the defendant-insurer’s motions for

Illinois Director of Insurance restricts offshoring of utilization review functions and third party administrators

Sutherland Asbill & Brennan LLP
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USA
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March 6 2013

On January 18, 2013, the Illinois Director of Insurance issued Company Bulletin 2013-01, Offshoring, to insurers, registered utilization review

No longer a reserved issue: IRS concludes that the statutory reserve cap includes deficiency reserves

Sutherland Asbill & Brennan LLP
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USA
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February 28 2013

On February 26, 2013, the IRS issued Notice 2013-19 (the Notice), in which it concluded that, for purposes of applying the statutory reserve cap set

Cost of insurance litigation recent rulings diverge on the scope of insurer discretion to set rates

Sutherland Asbill & Brennan LLP
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USA
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February 6 2013

Litigation continues in various cases challenging cost of insurance rates (COI) in life insurance policies, and January 2013 saw courts issue

Insurance topics we will be watching in 2013

Sutherland Asbill & Brennan LLP
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USA
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January 30 2013

We end the first month of the year with a report on major insurance topics that we will be watching in 2013.Many of these developments can be traced

Insurance safe harbor affords little certainty for non-US insurers

Sutherland Asbill & Brennan LLP
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USA
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January 3 2013

As market participants are aware, the definition of "swap" that the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) added

NAIC report: 2012 Fall National Meeting

Sutherland Asbill & Brennan LLP
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USA
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December 6 2012

The Fall National Meeting of the National Association of Insurance Commissioners (NAIC) was held November 29 through December 2, 2012, at National Harbor, Maryland, a convention site that almost technically qualifies as inside-the-Beltway

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