New Appleman Insurance Law and Practice Guide, 34.07 Consider the Influence of Federal Regulation

One of the 45 chapters in the new edition of the New Appleman Insurance Law Practice Guide is "Understanding Life Insurance" by Richard J. Cohen and Daniel W. Gerber of Goldberg Segalla LLP. Section 34.07 of that chapter considers the influence of federal regulation on insurance. It is...

New York Seeks Comments On Discretionary Clause Draft

By Allison Bell, SENIOR EDITOR/WEB EDITOR, National Underwriter Life & Health. Empire State regulators have posted a version of a proposed regulation that would prohibit annuity issuers and life and health insurers in the state from using contracts that include discretionary clauses. The New...

TOP CASE: Federal Appeals Court Vacates Proposed Rule Calling for SEC Regulation of Fixed Index Annuities

By Sherilyn Pastor, Partner and Practice Group Leader, McCarter & English, LLP On July 12, 2010, the United States Court of Appeals for the District of Columbia in Am. Equity Inv. Life Ins. Co. v. SEC, 2010 U.S. App. LEXIS 14249 (D.C. Cir. July 12, 2010) struck a blow to the Securities and...

IIPRC Product Standards

By Cande Olsen, Vice President, Actuarial Resources Corporation of Georgia Introduction This article will explain how the Interstate Insurance Product Regulation Commission (IIPRC or the Commission) product standards development process works, and will then give some important highlights...

5 Simple Keys To Making An Interstate Insurance Compact Filing

By: Sean Cox, First Consulting & Administration, Inc. Have you been thinking about using the Interstate Insurance Compact to file your Life or Annuity product? Are you curious what is involved in making the actual filing? The following article will describe some tips for successfully submitting...

Western Reserve Life Ass. Co. of Ohio v. Conreal: First Stranger Initiated Annuity Transaction Decision

By Stephan Leimberg and Howard Zaritsky The STAT is an intriguing use of annuities to avoid risk of loss in aggressive investments. It is available only because some annuity issuers attempt to tempt older annuitants by offering a full return of their premiums if the annuitant dies prematurely. It...

LexisNexis® Insurance Law Community Podcast featuring Susan Voss, President of the National Association of Insurance Commissioners

On this edition, LexisNexis Insurance Law Community Manager Karen Yotis talks with Susan E. Voss, Commissioner of the Iowa Insurance Division and President of the NAIC, discusses the recent commissioners conference, health care reform issues, financial services oversight, the relationship with the new...

Unpaid Insurance Benefits Issues Continue to Intensify

By Phil Stano, Partner, Sutherland Asbill & Brennan LLP Attention to unclaimed property issues affecting life insurance companies – including issues relating to unpaid life insurance and annuity benefits – has significantly escalated in recent weeks, due to regulatory actions, media...