Tag Archives: Insurance Regulation
California Assembly Passes Bill Requiring Health Insurance Filing and Disclosures
On May 3, 2012, the California Assembly passed a bill that would require health insurers that are regulated by the Department of Insurance to submit information to the department when the insurer plans to terminate its contract with a provider group or…
California Senate Committee Approves Two Bills Based on NAIC Models
The California Senate Insurance Committee has given unanimous approval to two bills that are based on NAIC model laws relating to reinsurance and insurance holding companies. The Department of Insurance testified in support of both bills at the committ…
Barger & Wolen partner to speak at The International Life Settlements Conference
Randall Doctor, Partner, Barger & Wolen, will participate in a panel discussion at The International Life Settlements Conference to be held in London, May 1-2, 2012.
The panel discussion, "Legislation & Regulation: New Laws and Regulat…
Barger & Wolen partner to speak at The International Life Settlements Conference
Randall Doctor, Partner, Barger & Wolen, will participate in a panel discussion at The International Life Settlements Conference to be held in London, May 1-2, 2012.
The panel discussion, "Legislation & Regulation: New Laws and Regulat…
California Department of Insurance Imposing Strict Standards on Applicants for Life Settlement Provider Licenses
Recently, the California Department of Insurance has issued “Intent to Deny” letters to at least four applicants for life settlement provider licenses based upon a “lack of financial stability.” Ironically, at the same time…
Workshop held by California Department to Discuss Contemplated Changes to Life Settlement Regulations
Can Servicers Expect to be Brought into the Regulatory Fold?
On March 9, 2012, the California Department of Insurance (“Department”) held a Pre-Notice Public Discussion on contemplated revisions it intends to make to California’s life…
Legislation to Non-Admit Iran-Related Investments
By Michael L. Rosenfield and Suh Choi
The California Legislature has introduced Assembly Bill 2160. It would prohibit California domestic insurers from treating indirect Iran-related investments (as defined in the bill) as admitted assets. The bi…
New York Department of Financial Services Launches Industry-wide Audit of Health Insurance Rates
by Michael Rosenfield & Dennis Quinn
The New York Department of Financial Services (“DFS”) will audit the accuracy of the data used by insurers and health maintenance organizations to request health insurance rate increases (see press r…
Dodd-Frank Does Not Preempt All California’s § 1011(c) Reinsurance Approval Requirements Applicable to Foreign Insurers
By Michael Rosenfield and Chris Burusco
Prior to the Dodd-Frank Act, California Insurance Code § 1011(c) required all California-admitted insurers to obtain prior approval from the California Department of Insurance for any reinsurance transa…
Emergency Regulation to Enforce Medical Loss Ratio in Patient Protection and Affordable Care Act of 2009 Made Permanent
By John M. LeBlanc and Jason C. Love
On Thursday February 9, 2012, California Insurance Commissioner Dave Jones announced that he had obtained approval from the California Office of Administrative Law to make permanent the emergency regulation issued i…
