State insurance regulators have been looking into the practices of large insurers and have urged them to proactively identify those policies that may be due for a payout.
The new products, which so far have been approved
by insurance regulators in 31 states, represent a major departure from the set plans typically offered by travel insurance providers, he said.
The industry then plans on lobbying the council
of insurance regulators to recognize the accreditation as the national standard for selling travel health insurance.
Mortgage life insurance has come under criticism from consumer advocates and
federal insurance regulators, who warn homeowners that it may not be good value.
The third party car insurance cover is mandatory and controlled
by insurance regulator and its tariffs are also controlled by it.
Mortgage life insurance has come under criticism from consumer advocates and
federal insurance regulators, who warn homeowners that it may not be good value.
The insurance industry will remember 2010 as an eventful year in which
insurance regulator Irda came out on top in a turf war with market watchdog Sebi over the regulation of Unit - Linked Insurance Products, with the end result of such schemes becoming investor - friendly.
One of the key witnesses from the first trial, malpractice insurance executive Anthony Bonomo, has since been ousted by state
insurance regulators for self - dealing and cronyism, providing Skelos» defense team with ammunition to challenge his credibility
Universal Sompo General Insurance Company received the license and certificate of registration from
insurance regulator IRDAI in the year 2007.
Weil also has significant experience in handling internal investigations and in dealing
with insurance regulators, including assisting clients with investigations by Congressional committees and state attorneys general.
Idaho's governor and
chief insurance regulator met with top federal health care authorities, hoping to make their case for why Idaho health insurers should be allowed to sell plans that don't comply with the Affordable Care Act.
SBI Life Insurance Company Ltd., a private life insurer, was directed to reimburse the excess commission of Rs. 275.29 crore to policyholders, by the Indian
insurance regulator on Friday.
Insurance regulator Insurance Regulatory and Development Authority (IRDA) is ready with the final guidelines on corporate governance for the sector focusing on key areas such as lock - in period for promoters, whistle blowing policy, governance...
3) The state
insurance regulators did a better job than the Federal banking regulators — the state regulators did not get captured by those that they regulated, and were more natively risk averse, which is the way regulators should be.
«At CSA Travel Protection, we commend the Florida and
California insurance regulators for defining the opt - out sales practice for the travel insurance industry within their states,» said CSA CEO Chris Carnicelli.
In 2014, the State of New York's
insurance regulator probed 134 insurers on how they market such policies out of concern that they were exaggerating the potential gains to consumers.
New York Insurance Superintendent Eric Dinallo, who was AIG's principal
insurance regulator at the time, testified before the Senate last year that these operations were not threatened at all!
Half of the 12 top - selling small cars recently crash - tested by a
U.S. insurance regulator earned a «Top Safety Pick +» award, vastly outperforming the candidates in the small SUV category.
There's also the chance that the insurer might not be able to fund those payments, although that risk is relatively small
since insurance regulators require insurers to set aside reserves to meet obligations.
Such as Consumer Reports, Some States have
Insurance Regulators which may rate insurance companies, and the insurance companies Financial Strength Rating.»
Such rationalisation of ULIPs commissions could also help narrow the gap between it and mutual funds, he said responding to queries over how a compromise could be reached
between insurance regulator IRDA and capital market watchdog SEBI on the ULIPs issue.
Insurance regulator plans to assign unique grades to hospitals accross the country based on their cost of services and treatment.
In 2014, Utah temporarily banned the company from operating because, state
insurance regulators reportedly argued, its free services are equivalent to a rebate meant as an incentive to purchase insurance.
According to orders published on government web sites for New Jersey and Arizona, Zenefits was ordered to
pay insurance regulators $ 100,000 and $ 15,000 for those states, respectively.
James R. Mumford, a retired
Iowa insurance regulator, was widely known for supporting and helping advance numerous «balanced» annuity regulations and compliance initiatives.
In February, China's
insurance regulator seized control of Anbang and said its chairman had been prosecuted for economic crimes, TRD previously reported.
It's an unorthodox way to pay medical expenses — and
insurance regulators remain leery — but members say it's simply the latest incarnation of a 2,000 - year tradition of believers carrying the burdens of other believers.
State
insurance regulators slapped Excellus Health Plans with a $ 1 million fine for wrongly denying contraceptive coverage to policy holders.
That
led insurance regulators last year to revoke Bonomo's authority to run PRI through a separate outside firm, Administrators for the Professions, which had continued to rake in fees for Bonomo and his family.
4) It's good to look through the Statutory statements [regulatory statements filed with state
insurance regulators] of their operating insurance subsidiaries to look for odd entries.
But Ario's department, and
fellow insurance regulators in other states, continued to resist large increases for Penn Treaty's aging customers.
However,
provincial insurance regulators don't allow insurers to use this driving data to increase your rates, even if your driving habits fail to earn you any of the discounts offered by the device.
Clyde & Co secured the regulatory and investigations team of the year award for its ongoing work
advising insurance regulators in the GCC region on developing and drafting their insurance laws.
After Parekh said that the government will soon find an out - of - court solution to the turf war between SEBI and IRDA,
insurance regulator J Hari Narayan had the met top Finance Ministry officials last week.
Phrases with «insurance regulator»