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New Hampshire restricts STOLI transactions
  • Locke Lord LLP
  • USA
  • June 28 2010

New Hampshire Governor John Lynch (D) signed HB 660 into law which enacted life settlement legislation in New Hampshire effective June 14, 2010 (the "Act"


Second Circuit affirms district court’s decision to reappoint arbitrator who had resigned
  • Locke Lord LLP
  • USA
  • June 24 2010

Yesterday, the Second Circuit affirmed a district court's decision in which the court held that an arbitrator who had previously resigned was able to rejoin the arbitration panel


Financial reform conferees complete work on overhaul legislation
  • Locke Lord LLP
  • USA
  • June 25 2010

In the early morning hours of June 25, House and Senate conferees completed action on financial regulatory reform legislation (H.R. 4173) by approving a final conference report by a vote of 20-11 among House conferees and a vote of 7-5 among Senate conferees


Surplus lines reform approved by HouseSenate conferees
  • Locke Lord LLP
  • USA
  • June 25 2010

Representatives of the United States House of Representatives and Senate attending the reconciliation conference on H.R. 4173, the Wall Street Reform and Consumer Protection Act, have come to an agreement on the streamlined regulation of multistate surplus lines insurance policies


Rhode Island imposes readability standards for health insurance policies
  • Locke Lord LLP
  • USA
  • June 21 2010

Effective August 31, 2010, the Rhode Island Office of the Health Insurance Commissioner ("OHIC") will impose a readability requirement for all health insurance policies to be readable at the eighth grade level measured by the Flesch-Kincade formula


Proposed changes for home health & skilled nursing facilities
  • Locke Lord LLP
  • USA
  • July 26 2010

On July 16, CMS issued a proposed rule that would amount to a $900 million reduction to home health agencies


Update from RAA Re Contracts Conference presentation on extra contractual obligations and losses in excess of policy limits
  • Locke Lord LLP
  • USA
  • July 23 2010

We have been tracking developments at the RAA Re Contracts Conference, which took place this week in New York, as previously reported on www


New York federal court vacates arbitration award based on evident partiality
  • Locke Lord LLP
  • USA
  • April 26 2010

Scandinavian Reinsurance Company Limited (“Scandinavian Re”) and St. Paul Fire & Marine Insurance Company, St. Paul Reinsurance Company, Ltd. and St. Paul Re (Bermuda) Ltd. (collectively “St. Paul”) entered into a retrocessional agreement under which St. Paul ceded a portion of its casualty reinsurance portfolio to Scandinavian Re


New Jersey releases proposed rule and notice of pre-proposal for disclosure of producer compensation for sales of health insurance policies
  • Locke Lord LLP
  • USA
  • September 21 2009

The New Jersey Department of Banking and Insurance (the “Department”) released a draft rule, N.J.A.C. 11:17B-4 (PRN 2009-242) (the “Proposed Rule”), setting forth the specific requirements of N.J.S.A. 17:22A-41.1


SEC Task Force to investigate life settlements
  • Locke Lord LLP
  • USA
  • September 21 2009

According to industry reports, the US Securities and Exchange Commission has formed a multidisciplinary task force (“Task Force”) to investigate life settlements (i.e. the sale of life insurance products by policyholders to third-party investors