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NY DFS Proposes New Regulation for Life and Annuity Non-Guaranteed Elements

USA - November 18 2016 On November 17, the New York Department of Financial Services (DFS) issued a press release announcing its proposal of new Insurance Regulation 210 -…

Shaunda Patterson-Strachan, Stephen J. Jorden, Waldemar J. Pflepsen Jr..

NAIC Long-Term Care Innovation Subgroup Public Hearing

USA - October 13 2016 At the NAIC Summer 2016 National Meeting, the Long-Term Care Innovation (B) Subgroup held a public hearing as part of an initiative to address the…

A Constitutional Challenge to Florida's New Unclaimed Property Act Amendments

USA - July 26 2016 In April, Florida amended its Disposition of Unclaimed Property Act (“Act”) to require life insurers to perform Death Master File (DMF) searches for…

Florida Imposes Additional Unclaimed Property Requirements on Life Insurers

USA - April 13 2016 On April 12, Florida Governor Scott signed Senate Bill 966 into law. SB 966 amends the insurance benefits provisions of Florida's Uniform Unclaimed…

Ann Young Black, Ben V. Seessel.

Storm Clouds Gather for Life Insurers’ Cost of Insurance Rate Increases

USA - February 23 2016 For more than two decades any insurer increasing its cost of insurance (COI) rates on its universal life policies was likely to be met with…

Shaunda Patterson-Strachan, Stephen J. Jorden, Waldemar J. Pflepsen Jr..