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Connecticut cost of insurance legislation voted out of Committee

USA - March 23 2012 March 23, 2012 -- On March 8, 2012, a bill pertaining to cost of insurance increases on universal life and similar policies was introduced and referred to a Connecticut joint legislative committee - the Insurance and Real Estate Committee.

Ann Black, John W. Herrington

NAIC working groups update

USA - March 20 2012 Following the NAIC 2011 National Fall meeting, three working groups are examining a number of life insurer practices and products.

Will emerging legislative proposals alter STOLI landscape?

USA - March 20 2012 Legislation has recently been introduced in a number of states (with more expected) that, if passed, would tilt the playing field in favor of life settlement and STOLI transactions.

Dawn Williams

Connecticut legislative committee considers proposed legislation regarding cost of insurance increases

USA - March 15 2012 On March 8th, a bill pertaining to cost of insurance increases on universal life and similar policies was introduced and referred to a Connecticut joint legislative committee - the Insurance and Real Estate Committee.

Ann Black, John W. Herrington

Model Unclaimed Life Insurance Benefits Act adopted by NCOIL

USA - November 28 2011 On November 20, 2011 the Executive Committee of the National Conference of Insurance Legislators ("NCOIL") approved the Model Unclaimed Life Insurance Benefits Act (the "Unclaimed Benefits Model Act"), which requires insurers to periodically review the Social Security Administration's Death Master File for deceased life insurance policyholders and retained asset account ("RAA") owners.

Ann Black, Stephanie Fichera