Sentences with phrase «state insurance regulators»

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

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.

Insurance Regulatory Information System (IRIS)- a baseline solvency screening system for the National Association of Insurance Commissioners (NAIC) and state insurance regulators established in the mid-1970s.

Also, even if the system did work for a while, it would have to receive approval from state insurance regulators, who would probably decline to grant approval in this scheme, and it could also almost certainly be invalidated by a local government ordinance if it became a problem.

I can't be totally certain here, but I suggest that all major state insurance regulators should send Ben Bernanke, Tim Geithner, and Hank Paulson some really nice gifts, because had AIG's life companies failed, the state guaranty funds would have been hard pressed to come up with something north of $ 10 billion by surcharging the other insurance companies doing business in each state.

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.

The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace.

Shares are generally lower than premiums for conventional health coverage.Many state insurance regulators have asked whether the sharing programs are illegally...

State insurance regulators slapped Excellus Health Plans with a $ 1 million fine for wrongly denying contraceptive coverage to policy holders.

During the trial, Bonomo pinned PRI's financial issues on state insurance regulators, who set the premiums that medical malpractice firms can charge doctors.

I suspect that this is because health insurance has been historically regulated by states rather than the federal government and this was a convenient way of allocating jurisdiction among state insurance regulators.

US state insurance regulators offer an excellent line of defence (they have a far better record than bank regulators!).

A company whose officials have been major donors to Gov. Andrew Cuomo — and which received an unusual $ 25 million state grant for projects it was already building — also was allowed by state insurance regulators to issue a huge rate increase for plans sold by its health care company.

They must get approval from state insurance regulators.

I can't be totally certain here, but I suggest that all major state insurance regulators should send Ben Bernanke, Tim Geithner, and Hank Paulson some really nice gifts, because had AIG's life companies failed, the state guaranty funds would have been hard pressed to come up with something north of $ 10 billion by surcharging the other insurance companies doing business in each state.

When it became apparent that the cost - sharing subsidies to the insurers would be cut off, state insurance regulators and insurance carriers concentrated the premium increases to their silver plans instead of spreading the premium increase across all their marketplace plans.

Per Eversheds Sutherland, the NAIC proposal the following key changes that state insurance regulators could then consider incorporating into their existing suitability regulations:

Stockbrokers, broker - dealers, insurance agents, and others who are not Fee - Only are regulated be the private - sector organization (FINRA) or by state insurance regulators and are only subject to a «suitability» standard of conduct.

As the Times Union reported in March, state insurance regulators have routinely suppressed deep governmental exams they're required to conduct every five years probing PRI's finances — even as the exams of PRI's competitors have been released.

The defense is seeking documents that PRI and AFP produced to state insurance regulators, as well as transcripts of 16 depositions conducted by DFS, and communications between DFS and the U.S. attorney's office in Manhattan.

We look forward to continued engagement with our state insurance regulators at the National Association of Insurance Commissioners as they consider these important issues.»

Investment Analysis: As requested by state insurance regulators, the Capital Markets Bureau provides a number of services --(1) Preliminary Investment Analysis and detailed Investment Analysis Reports; (2) Detailed Asset Reviews; (3) Derivatives Use Plan Reviews; and (4) On - Site Examination Support.

The state insurance regulator allowed a reinsurance treaty to give reserve credit where no risk was passed.

A good place to investigate insurance companies is with your state insurance regulator's office or the National Association of Insurance Commissioners (NAIC).

I've been a critic of the industry that I grew up in for a long time, but the state insurance regulators have a better handle on their companies than the banking regulators do from a solvency standpoint.

Contact your state insurance regulator for more information.

Heller suggests checking the website of your state insurance regulator and researching complaints or actions against auto insurers.

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.

Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.

Over the last few years, state insurance regulators have been cracking down on the top life insurance companies that make no attempt to figure out if people insured on their policies have died, even after the customers would have reached the «limiting age» — 100 on older policies, 120 on recent ones — after which death is assumed.

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.

State insurance regulators establish standards and best practices and are a good resource for anyone who is having trouble with their insurance company, have questions about insurance practices, or feel they are being treated unfairly during the course of a claim.

That information will be used to authorize medical applications, appointments, driving records, credit information and full suite of related information as required by the insurance company and allowed by your state insurance regulator.

(Note: Trump nixed reimbursing CSRs to insurers, but moves by some state insurance regulators, coupled with language in the ACA, have largely kept this from affecting consumers who qualify for them.

The association assigns a complaint ratio score to insurance companies, based on the number of complaints to state insurance regulators, adjusted for market share.

The state insurance regulators for two major vacation rental markets, California and Florida, issued statements against using opt - out sales practices to sell travel insurance.

Your insurance agent will need to abide by the regulations by your state insurance regulator.

Check your state insurance regulators.

Meanwhile, as insurers put their assets into more risky investments, state insurance regulators have more or less given the green light.

The groups explained that, absent action by state insurance regulators to force insurers to lower rates, the tax - related profit windfall of $ 25 billion or more would not benefit insurance consumers.

Depending on the mandates established by state insurance regulators, sinkhole coverage can be offered either as an endorsement to a property insurance policy or as a stand - alone policy.

While it is possible for this letter to change the minds of your insurer, if it does not, you can talk with your state insurance regulator to see if there is anything they can do for you.

Your state insurance regulator can also tell you whether a broker has a record of complaints.

To find out who your state insurance regulator is, please visit the website of the National Association of Insurance Commissioners.