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- 3 Days Gone: New Federal Rules Take Effect Today
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- Indiana Adopts Guidance On PBR Implementation
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Category Archives: Life Insurance
Indiana Adopts Guidance On PBR Implementation
In early 2013, Indiana became one of the first states in the country to pass legislation (HEA 1321) enacting the principled-based reserving method for calculating life insurance policy reserves (i.e., the Standard Valuation Manual). However, before the law could become … Continue reading
Posted in Indiana, Life Insurance, Regulation
Tagged Department of Insurance, Indiana, Life Insurance, Regulation
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2014 Indiana Legislative Update #3
The gay marriage bill may be getting all the media attention in Indiana these days, but there’s so much more going on in the General Assembly, as shown in the third Indiana Legislative Update from our friends at Bose Public … Continue reading
Posted in Health Insurance, Life Insurance, Pollution Exclusion, Regulation
Tagged 2014, General Assembly, Indiana, Regulation
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IDOI Issues Bulletin on Mandatory ILHIGA Disclaimer
On October 7th, 2013, the Indiana Department of Insurance released Bulletin 200 (Indiana Life and Health Guaranty Association Disclaimer), which requires ILHIGA member insurers to include the “Summary Document” (attached to the Bulletin) with every policy or contract to a … Continue reading
SCOTUS Issues Rare Life Insurance Opinion
This week, the United States Supreme Court decided Hillman v. Maretta, which concerned an area the nation’s highest court rarely addresses: life insurance. I don’t want to mislead you; the case is just a plain-old Supremacy Clause case that just … Continue reading
Seventh Circuit Permits Payment of Life Insurance Benefits Through Retained Asset Accounts
Earlier this month, in Phillips v. Prudential Insurance Co. of America, the Seventh Circuit affirmed dismissal of a putative class action challenging a life insurer’s use of “retained asset accounts” for payment of policy benefits. The plaintiff alleged that Prudential … Continue reading
Posted in Life Insurance
Tagged Illinois, Life Insurance, Retained Asset Accounts, Seventh Circuit
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Jones Presents at ACI’s Litigating Life Insurance and Annuity Claims Forum
On Monday, July 30, 2012, Brian Jones, of Bose McKinney & Evans LLP’s Insurance and Litigation Groups, discussed current issues and strategies in variable annuity litigation at the American Conference Institute’s Litigating Life Insurance and Annuity Claims forum in New … Continue reading
Indiana Guaranty Fund Tax Credits Under Legislative Review
It is likely that the Indiana General Assembly will study the basis for, and continued utility of, tax credits allowed for insurance guaranty fund assessments during the 2012 interim. Currently, both life and health and property & casualty fund assessments … Continue reading
NCOIL Issues Model Act for Unclaimed Life Insurance Benefits
In response to numerous state investigations this year, the National Conference of Insurance Legislators has approved the Model Unclaimed Life Insurance Benefits Act. Click here for the NCOIL’s press release. In a nutshell, the Act would require life insurers to … Continue reading
