Search results
Results from the WOW.Com Content Network
The McCarran–Ferguson Act, 15 U.S.C. §§ 1011-1015, is a United States federal law that exempts the business of insurance from most federal regulation, including federal antitrust laws to a limited extent. The 79th Congress passed the McCarran–Ferguson Act in 1945 after the Supreme Court ruled in United States v.
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
The FIO is authorized to monitor all of the insurance industry and identify any gaps in the state-based regulatory system. The Dodd–Frank Act also establishes the Financial Stability Oversight Council (FSOC), which is charged with monitoring the financial services markets, including the insurance industry, to identify potential risks to the ...
Life expectancy. Minimum payout as % of face value (minus outstanding loans) Less than 6 months. 80%. 6 months to less than 12 months. 70%. 12 months to less than 18 months
As far as insurance in the United Kingdom, the Financial Services Authority took over insurance regulation from the General Insurance Standards Council in 2005; [69] laws passed include the Insurance Companies Act 1973 and another in 1982, [70] and reforms to warranty and other aspects under discussion as of 2012.
Filed on behalf of more than 365,000 policy holders, the class-action lawsuit accuses the state's insurance of last resort of unlawfully selling subpar fire insurance policies.
But the system can also result in uneven coverage and massive variability in what employees need to contribute to the plan, with insurance premiums for enrolled employees increasing by more than ...
The NRRA took effect on July 21, 2011 and generally provides that the placement of nonadmitted insurance will be regulated by an insured's home state, and that no other state may require a surplus lines broker to be licensed to sell, solicit, or negotiate nonadmitted insurance with respect to the insured. The NRRA preempts state laws with ...