Dodd-Frank Wall Street Reform and Consumer Protection Act Will Make Significant Changes in State Insurance Regulation

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Insurance is not the central focus of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), which President Obama signed into law on July 21, 2010 (Public Law 11-203). However, the Act contains provisions that are likely to have a direct and long-term impact upon state regulation of insurance, reinsurance and nonadmitted insurance.

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Topics:  Dodd-Frank, Federal Insurance Office, Nonadmitted Insurance, Reinsurance

Published In: Administrative Agency Updates, Consumer Protection Updates, Finance & Banking Updates, Insurance Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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