Discover practical strategies on how to enhance and streamline financial compliance for a robust and resilient financial services ecosystem.
Financial service organizations are upheld to many standards. Learn strategies for enhancing compliance.
Not too long ago, the U.S. House of Representatives and Senate seemed poised to sign off on a bill that would amend part of the Dodd-Frank Wall Street Reform and Consumer Protection Act to clarify that insurance agencies did not have to conform to bank capital rules.
New insurance bill put on hold
The idea of captive entities, which are now used by many in the life insurance industry, has been a controversial one for some time, but it seems that regulators may move to crack down on their use in the near future.
Life insurance applications start 2021 on the right foot
In recent years, a large and growing number of companies nationwide have determined that they may be able to reduce their employee healthcare costs by instituting wellness programs designed to get workers healthier. Now, new regulations for how these initiatives can be run have been released by a number of federal agencies.
Federal agencies clarify rules for employee wellness programs
With the health insurance market poised to continue its string of dramatic changes for much of the next few years, insurance companies likely got a little bit more surety in recent days thanks to a national regulatory body approving two new types of models for major health insurance plans.
Health insurance coverage, costs continue to shift nationwide
The regulatory body in charge of setting minimum standards for insurers recently released a new set of actuarial guidelines related to valuation for group long-term disability insurance.
NAIC releases new valuation guidelines
There have been many regulatory changes for the life insurance industry in the past few years, both at the federal and state levels. One that life insurers may want to keep a close eye on, in particular, was recently passed in Montana.
Liquidity in life insurance is useful in some situations.
A piece of proposed legislation could have a major impact on the ways in which hedge funds are allowed to purchase and resell life insurance policies.
Will American Rescue Plan impact health care affordability?
These days, insurers have to deal with a large and growing number of regulations being set forth by the federal government and other organizations, and that trend is going to continue in the near future with the introduction of the Own Risk and Solvency Assessment from the National Association of Insurance Commissioners.
Executives must take time to understand ORSA