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21 Mar 2012, 12:51 am
On 19 March 2012, the European Commission (the Commission) published a Green Paper on shadow banking activities (see the full Green Paper here).The Commission defines shadow banking as "non-bank credit activity", which includes: insurance and reinsurance undertakings which issue or guarantee credit products; money market funds and other investment funds with deposit–like characteristics; and investment funds that provide credit or are leveraged,… [read post]
15 Dec 2009, 12:34 am
The Law Commission has today published its draft Bill on Consumer Insurance Law: Pre-Contract Disclosure and Misrepresentation. [read post]
17 Dec 2018, 7:34 am
Securities and Exchange Commission orders definitively tying a company’s improperly acquired profits to a government-mandated disgorgement payment. [read post]
16 Jun 2016, 7:05 am
This means that the insurance agent who wants to sell you variable life insurance or annuities may be a bad broker who, having been kicked out of one industry, is simply selling a different kind of inappropriate high commission product. [read post]
2 Dec 2020, 12:02 pm
It also applies, as in the case of insurance intermediary commission, where the client leaves the agent to look to another party for remuneration (the insurer) or knows that the agent will receive something from the other party. [read post]
18 Oct 2021, 5:45 am
View: European Commission adopts review of Solvency II [read post]
10 Jan 2011, 4:56 am
With the passage of this legislation, New Jersey becomes a member of the national commission that develops uniform standards and consumer protections for asset-based insurance products (e.g., life insurance, annuities, disability income and long-term care insurance). [read post]
18 Aug 2020, 6:00 am
Many people receive variable income because they’re small business owners, salespersons, freelancers, or receive performance-based commissions or bonuses. [read post]
5 Nov 2010, 2:46 am
On 29 October 2010, the Law Commission published an Issues Paper on whether the requirement for a formal marine policy under section 22 of the Marine Insurance Act 1906 should be repealed. [read post]
9 Jul 2009, 9:20 am
One excellent use for life insurance in the area of estate planning is to cover estate expenses. [read post]
23 Aug 2010, 10:55 pm
An insurance agent, Kimberly Bisslessi Eddins, from Alabama has been charged with six counts of wire fraud for enrolling four patients at a Citronelle nursing home in insurance policies without their consent so that she could gain the commission. [read post]
9 Jan 2014, 7:54 pm
“The Financial Stability Board (FSB) and the International Organization of Securities Commissions (IOSCO) are publishing today for public consultation Assessment Methodologies for Identifying Non-bank Non-insurer Global Systemically Important Financial Institutions (NBNI G-SIFIs). [read post]
28 Nov 2019, 9:47 am
Example: A policy from Insurer “A” will pay the broker a commission of 2%. [read post]
13 Jan 2010, 12:01 am
The China Insurance Regulatory Commission (CIRC) released on 25 December 2009 Draft Tentative Measures for the Administration of the Use of Insurance Funds (the "Draft Tentative Measures") for public consultation. [read post]
7 Dec 2014, 3:10 pm
” Australian Law Reform Commission Report on Equality, Capacity and Disability in Commonwealth Laws: the report examines how the law treats people with disabilities in areas including employment, health, social security, banking, insurance, restrictive practices, access to justice, aged care, and anti-discrimination. [read post]
21 Nov 2011, 7:23 am
"Indeed.Of course, there's a twist here:"[T]he American Jewish Committee, the Anti-Defamation League, B'nai B'rith and the World Jewish Congress ... argued at a 2010 congressional hearing that the International Commission on Holocaust Era Insurance Claims was created to address worldwide claims, and that re-engaging in court could unrealistically raise the expectations of survivors. [read post]
1 Dec 2008, 9:42 am
A company has been incorporated to manage China's insurance protection fund (IPF) (previously controlled by the China Insurance Regulatory Commission (CIRC)) as part of its response to the global financial problems. [read post]
3 Jul 2007, 9:46 am
At the same time, the governor also commissioned a task force to examine the state of medicine and malpractice insurance. [read post]
3 Oct 2022, 8:10 am
For example, Wisconsin’s DSLI law notes that “[a]n insurer domiciled [and licensed for admitted insurance products] in this state may submit to the commission an application … to provide surplus lines insurance as a domestic surplus lines insurer. [read post]
28 Jul 2011, 1:28 am
The Financial Supervisory Commission of Taiwan is considering amending the present investment regulations to allow insurers to invest in yuan-denominated securities and bonds issued in Hong Kong, a further sign of improving cross-straits ties.Taiwan insurers are currently permitted to invest up to 45% of total insurance funds overseas, of which 10% may be invested in Chinese assets. [read post]
