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Court Ruling, Overhaul Bill Keeps Indexed Annuities State-Regulated
(7/21/2010)
The combination of a District court ruling and an amendment in the just-passed financial services overhaul bill will keep indexed annuities state-regulated.... Full Story
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Debate Begins on Bill to Limit Reinsurance Deductions
(7/21/2010)
Rep. Richard Neal (D-Mass.) has introduced a bill, H.R. 3424, that seeks to limit tax deductions for reinsurers that cede large portions of their U.S. premiums to offshore affiliates... Full Story
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Rep. Frank Tells NCOIL Optional Federal Charter to Be Debated in 2011
(7/13/2010)
No matter which party controls the House of Representatives, Congress will see a “major push” on optional federal charter legislation in the next session, according to House Financial Services Committee Chairman Barney Frank (D-Mass.)... Full Story
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NCOIL Advances Credit Default Swap Model Act
(7/13/2010)
State insurance legislators have voted to move forward with a model act that would regulate at the state level the controversial financial instruments known as credit default swaps... Full Story
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Federal Insurance Office Passes House, Preemptions Limited
(7/7/2010)
A bill containing a provision establishing a Federal Insurance Office in the Treasury Department (H.R. 4173) passed the House on June 30 and awaits action in the Senate... Full Story
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NCOIL to Hear Rep. Frank on FIO, Insurance Issues, PIA to Participate
(7/7/2010)
House Financial Services Committee Chairman Barney Frank (D-Mass.) will speak on July 8 to the National Conference of Insurance Legislators (NCOIL)... Full Story
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PIA National Underwriter Op-ed: Don’t Penalize Agents For Mega-Brokers’ Sins
(6/30/2010)
Compensation issues that first arose in late 2004 have again been in the news, in the wake of a decision by officials in New York, Illinois and Connecticut that opens the door to allowing the nation’s three biggest mega-brokers to once again accept contingent commissions... Full Story
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PIA Position Wins, Federal Insurance Preemption Limited in House, Senate Agreement
(6/30/2010)
The ability of a new Federal Insurance Office (FIO) in the Treasury Department to preempt inconsistent state laws when concluding bilateral insurance trade agreements with foreign countries will be considerably watered down in final financial services reform legislation... Full Story
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