On August 14, at its all-virtual summer national meeting, the National Association of Insurance Commissioners (NAIC) adopted guidance governing illustrations for index-based life insurance. In a key development, New York...more
Insurers that own depository institutions (DIs), mainly mutual insurers owning savings and loans (S&Ls), have been waiting since the 2010 adoption of the Dodd-Frank Wall Street Reform and Consumer Protection Act for specific...more
On Dec. 18, 2018, the Trump Administration signed a bilateral agreement on prudential insurance matters between the United States and the United Kingdom (the U.S.-U.K. Covered Agreement)....more
1/3/2019
/ Consumer Insurance Products ,
Covered Agreement ,
Dodd-Frank ,
Insurance Claims ,
Insurance Regulations ,
Prompt Payment ,
Prudential Standards ,
Reciprocity Rules ,
Regulatory Oversight ,
Regulatory Requirements ,
Reinsurance ,
U.S. Treasury ,
UK ,
UK Brexit ,
US-EU Covered Agreement
On July 17, the five main federal financial regulatory bodies — the Board of Governors of the Federal Reserve System (the Fed), the Securities and Exchange Commission, the Federal Deposit Insurance Corp., the Commodities...more
8/2/2018
/ Comment Period ,
Covered Banking Entity ,
Covered Funds ,
Dodd-Frank ,
Proprietary Trading ,
Regulatory Agencies ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Volcker Rule