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Weather Emergencies and Seismic Events Trigger Regulatory Fervor
LexisNexis Provides Insurance Compliance Industry Experts and Solutions
DAYTON, OH, August 31, 2006 - With the 2006 Southeastern Hurricane season underway and the threat of an earthquake always looming, insurers and other licensees will be faced with monitoring and complying with emergency regulatory changes in all affected states. LexisNexis U.S., a leading provider of information and services solutions, is prepared with experts and solutions to assist during this time.
LexisNexis has experts in the areas of Insurance and Compliance who can address the related issues. For example, issues that regulators will need to address in times of emergency, and that licensees must be prepared to swiftly confront, include:
- Temporary licensing of non-resident adjusters;
- Changes in grace periods for premium payment and for license renewals;
- Deferred rate increases during periods of catastrophe;
- Prohibitions against policy terminations or reclassifications;
- Extensions of time for claimants to assert claims, and for insurers to accept or reject them;
- Waiver of restrictions on prescription refill frequency; and
- Waiver of restrictions on use of out-of-network providers.
In addition, a simple Web-based application is available, called LexisNexis® Insurance Compliance, which combines industry-leading content with insight, expertise and analysis. This solution changes the insurance compliance landscape by bridging the "must do" and the "can do," and the "I read it" and the "I understand it." LexisNexis Insurance Compliance empowers compliance professionals at all levels to effectively respond not only to day-to-day compliance requirements, but to act when the heat is on and catastrophe looms. For more information on LexisNexis Insurance Compliance, visit www.lexisnexis.com/experts.
To arrange an interview with an expert, please contact Beth Seall, LexisNexis Public Relations, at (937) 865-6800, ext. 56128 or via email at beth.seall@lexisnexis.com.
About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis® and Nexis® research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in 100 countries with 13,000 employees worldwide.
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