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25 Sep 2019, 12:41 pm by Gene Killian
  The clause in one of the policies, for example, provided: “If the insured, whether sane or insane, dies by suicide within 2 years from the Policy Date, our liability is limited to an amount equal to the total premiums paid. [read post]
25 Sep 2019, 9:37 am by Imogen Garner (UK)
The FCA found that insurance firms’ fund governance for unit-linked funds often does not include considerations that it believes are likely to be important in assessing whether unit-linked funds provide good value for their investors. [read post]
24 Sep 2019, 6:27 pm by Kevin LaCroix
The insurer initially defended the claim under a reservation of rights, but several months later advised DVO that it would no longer provide a defense. [read post]
24 Sep 2019, 2:00 am by HR Daily Advisor Editorial Staff
About one in four women in senior management or executive roles says she does not have a good work/life balance compared with men. 3. [read post]
23 Sep 2019, 4:15 pm by Edward Eisert
[i] As defined in the 2013 Rules, a “covered fund” includes:  “an issuer that would be an investment company, as defined in the Investment Company Act of 1940 . . . but for section 3(c)(1) or 3(c)(7) of that Act . . . . [read post]
23 Sep 2019, 3:39 pm by Kevin LaCroix
After the HR director’s departure, another employee took responsibility for the insurance matters, and ultimately discovered the insurance policy from which Assessment Systems sought coverage, and then caused Assessment Systems to provide notice to the insurer. [read post]
Some of these requirements include 1) proof that the vendor provides the similar or same services to other clients, 2) the vendor providing its services directly to the contracting business and not its customers, and 3) the vendor advertising to the public. [read post]
23 Sep 2019, 9:46 am by Bryan Hawkins
AB 5 exempts from its scope certain professions including licensed insurance agents, certain licensed health care professionals, registered securities broker-dealers or investment advisers, a direct sales salesperson, real estate licensees, workers providing hairstyling or barbering services, and those performing work under a contract for professional services. [read post]
23 Sep 2019, 9:46 am by Bryan Hawkins
AB 5 exempts from its scope certain professions including licensed insurance agents, certain licensed health care professionals, registered securities broker-dealers or investment advisers, a direct sales salesperson, real estate licensees, workers providing hairstyling or barbering services, and those performing work under a contract for professional services. [read post]
23 Sep 2019, 7:34 am by Imogen Garner (UK)
In PS11/19 the PRA provided feedback to the responses to its earlier consultation on banks’ and insurers’ approaches to managing financial risks from climate change and set out its final supervisory statement on the subject (Supervisory Statement 3/19: Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change) (SS 3/19). [read post]
21 Sep 2019, 3:14 pm by Gene Takagi
Federal Tax Laws – 501(c)(3) Exempt purpose – what is charitable? [read post]
CCPA dramatically expands employee rights in three significant ways: (1) it requires mandatory privacy notices and disclosures about the data collected by employers and purpose for collection; (2) it provides for statutory damages ranging from $100-750 if sensitive personal information is breached; and (3) it expands the right to request access/deletion of personal information. [read post]
20 Sep 2019, 12:01 pm by Tim Springer
8-10 AM10-12 AM12-3 PM3-6 PM Brief description of your case: * Confirm that you are not a bot * [read post]
20 Sep 2019, 7:42 am by Andreas Börner (DE)
The guidance specifies the contractual provisions which BaFin expects to be included in agreements between German regulated insurers, reinsurers and credit institutions and cloud service providers. [read post]
On 19 September 2019, the FCA published a speech (delivered on 12 September 2019) given by Debbie Gupta, Director of Life Insurance and Financial Advice Supervision at the FCA on improving the suitability of financial advice. [read post]