HHS Appeals Adverse Decision on Fixed Indemnity Attestations
As expected, on Monday, November 9, 2015, the U.S. Department of Health & Human Services (HHS) filed a Notice of Appeal from the decision issued by Judge Royce Lamberth of the United States...
View ArticleNYDFS Letter: “Potential” Cybersecurity Regulations for Insurers
On November 9, 2015, the New York Department of Financial Services (NYDFS) issued a letter that describes what insurers can expect from the Department’s ongoing assessment of cybersecurity measures....
View Article2015 Wisconsin Act 90 Changes Numerous Insurance Provisions
On November 11, 2015, Governor Scott Walker signed Senate Bill 287 into law as 2015 Wisconsin Act 90. The law is a collection of miscellaneous changes and updates to Wisconsin’s Insurance Code,...
View ArticleU.S. PFIC Taxation Exemption to be Narrowed?
The last 15 years have seen the advent of a new reinsurance platform, where hedge funds have sponsored non-U.S. reinsurers, who in turn invest their capital in the sponsoring hedge funds. While there...
View ArticleTechnological and Information Concerns Highlight NAIC Spring 2016 National...
The National Association of Insurance Commissioners (NAIC) Spring 2016 National Meeting, which was held from April 3 – 6 in New Orleans, offered insight into numerous issues being considered by state...
View ArticleEmployee Assistance Programs and State Insurance Regulation Structuring EAPs...
Employee Assistance Programs (or EAPs) have served employers and their employees for decades, providing a variety of benefits to address issues that might otherwise adversely affect the overall health...
View ArticleIAIS Secretary General Considers Path to International Cybersecurity Standard
Last week, the National Association of Insurance Commissioners (NAIC) hosted the 2016 NAIC International Insurance Forum. The Forum addressed topics such as the management of catastrophic disaster...
View ArticleInjunction Enjoining Enforcement of HHS Attestation Rule Affirmed
The Court of Appeals for the District of Columbia affirmed the District Court’s decision in Central United Life v. Burwell on July 1, 2016. This decision is very significant for those assessing the...
View ArticleQuestions Remain Regarding Revised NAIC Data Security Model Law
The National Association of Insurance Commissioners (NAIC) Cybersecurity (EX) Task Force released its second version of the Insurance Data Security Model Law (Model) on August 17. The first version was...
View ArticleStates Continue to Adopt NAIC Group Capital Calculation Updates
In 2020, the National Association of Insurance Commissioners (the NAIC) revised the Insurance Holding Company System Regulatory Act (the “Model Law”) and Insurance Holding Company System Model...
View ArticleStates Continue to Adopt NAIC Liquidity Stress Test Updates
In December 2020, the National Association of Insurance Commissioners (the NAIC) adopted revisions to the Insurance Holding Company System Regulatory Act (the “Model Law”) that require large life...
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