DAI News & Notes: IMPORTANT MESSAGE: AG 38 is Here!



INSURANCE REGULATORS TO HOLD HEARING ON LENDER-PLACED INSURANCE WASHINGTON, D.C. — The National Association of Insurance Commissioners (NAIC) will hold a public hearing Thursday, Aug. 9, 2012, to further discuss the use of lender-­placed insurance and the effect of the practice on consumers. The hearing at the NAIC Summer National Meeting in Atlanta will be … Continue reading

NAIC Clarifies Its Role

Rep. Ed Royce, R-Calif. (AP Photo/Charles Dharapak) The National Association of Insurance Commissioners (NAIC) is acknowledging in a letter to a member of Congress that it is not a “regulatory body,” nor a “standard-setter,”  but acts to provide a “forum and vehicle” for its members, who are standard-setters. The NAIC’s lengthy response was at the … Continue reading

Universal Life Insurance Premiums May Rise Under NAIC Approach

Premium levels on certain universal life with secondary guarantee and term universal life products may be rising. An approach adopted by the National Association of Insurance Commissioners’ joint working group would require insurance companies to adjust asset reserve levels associated with these universal life insurance products, and any increases in the requisite reserves would likely … Continue reading

2012 Doom or Boom?

Experts Refute Ancient Prophesies With the Promise of a New Tech-Rich Era When you ask insurance professionals about predictions, of course you don’t expect wild fantasies such as jet-powered agents and X-Ray objection detectors. Also, don’t expect doomsday prophesies such as Mayan predictions for the “end of time” (that’s on Dec. 21, 2012, by the … Continue reading