September 02, 2010 The Senate is expected to take up as early as the week of Sept. 13 changes to the to the health care reform law designed to limit a stringent tax-reporting mandate scheduled to go into effect in 2012.... September 02, 2010 Tax credits in the healthcare reform law designed to offset health insurance premium costs mean that small businesses will be one of the first groups to benefit from the legislation, according to a new report.... September 01, 2010 Eliminating the broker-dealer exclusion from fiduciary requirements could result in a substantial increase in “frivolous litigation” that could result in “catastrophic costs” for its members, the National Association of Insurance and Financial Advisors has told the Securities and Exchange Commission.... September 01, 2010 The Securities and Exchange Commission (SEC) should adopt a uniform standard for sale of investment products no less stringent than the fiduciary standard under the Investment Advisers Act, a coalition of financial planner groups says.... August 31, 2010 Six financial services trade groups are urging the Securities and Exchange Commission (SEC) to study the fiduciary standard issue in “a comprehensive manner.”... August 31, 2010 A presidential commission has proposed simplifying the tax system by consolidating retirement accounts and harmonizing statutory requirements, among other revisions.... August 27, 2010 WASHINGTON BUREAU—Insurance agents who sell only a limited number of financial products are sending in hundreds of letters to the Securities and Exchange Commission asking them not to hold them to a fiduciary standard when selling investment products.... August 27, 2010 A Republican runoff in Oklahoma this week has set the stage for a colorful race for state insurance commissioner between the state’s first woman commissioner and a Republican who is challenging the constitutionality of the healthcare law.... August 24, 2010 A House committee has asked MetLife Inc. to send it detailed information about retained asset accounts by Sept. 2.... August 23, 2010 The new minimum medical loss ratio rules could be a little looser than some insurers had feared.... August 23, 2010 American International Group Inc. has paid almost $4 billion back to the Federal Reserve Bank of New York.... August 20, 2010 The New York Attorney General’s office has widened its investigation of retained asset accounts (RAAs) to include several more insurers.... August 20, 2010 A New York insurance lawyer contends that insurers are being “demonized” for issuing retained asset accounts.... August 17, 2010 The National Conference of Insurance Legislators has unveiled a proposed model law that would impose new disclosure and process standards on retained asset account providers.... August 16, 2010 The Consumer Federation of America is urging members to tell the U.S. Securities and Exchange Commission to impose tougher investment product sales rules.... August 13, 2010 The highest ranking Republican on the Senate Banking, Housing and Urban Affairs Committee wants the panel to hold a hearing on retained asset accounts.... August 13, 2010 Lawyers have filed a purported class-action lawsuit involving retained asset accounts in a U.S. District Court in Massachusetts.... August 12, 2010 The Federal Deposit Insurance Corp. and the National Conference of Insurance Legislators say insurers should make sure insurance beneficiaries understand how retained asset accounts work.... August 11, 2010 A new group, the States Alliance for Balanced Insurance Regulation, will represent small and midsize insurance-related businesses in the looming battle over the role of federal regulators. ... August 11, 2010 State insurance regulators may not have any explicit legal authority to regulate retained asset accounts, according to Robert Hunter, a former Texas insurance commissioner.... August 10, 2010 A consumer watchdog is asking the new National Association of Insurance Commissioners retained asset account unit for details about RAA oversight.... |