Search for: "State Insurance Fund Corporation"
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22 Jun 2020, 7:12 am
This insurance, which must be renewed annually and is entirely employer-funded, is administered and can be provided only by the State Insurance Fund Corporation (SIF). [read post]
26 Oct 2023, 12:22 pm
On October 25, 2023, the Financial Condition (E) Committee (the “E Committee”) of the National Association of Insurance Commissioners (“NAIC”) adopted revisions to the Property and Casualty Insurance Guaranty Association Model Act (#540) which would ensure guaranty fund coverage following insurance business transfer or corporate division transactions. [read post]
8 Dec 2010, 10:56 am
After the Legislature amended the Nonprofit Health Care Corporation Reform Act, MCL 550.1101 et seq., (the Act) in 1994 to allow Blue Cross Blue Shield of Michigan (BCBSM) to purchase the state accident fund, a for-profit workers’ compensation insurer, BCBSM formed the Accident Fund as a wholly-owned, for-profit Michigan stock insurance subsidy. [read post]
14 Nov 2012, 6:50 am
Thus, benefits under an ERISA-compliant plan can be funded by one or more group or individual insurance policies, or a combination of group and individual insurance policies. [read post]
31 Oct 2018, 1:59 pm
Compared to individual, corporate, sales, and property taxes, unemployment insurance (UI) taxes are less widely understood but have important implications for the business climate in a state. [read post]
7 Sep 2011, 7:41 pm
Any private fund manager in the state of Montana must register with the Montana Commissioner of Securities and Insurance unless it is registered with the SEC. [read post]
7 Sep 2011, 7:41 pm
Any private fund manager in the state of Montana must register with the Montana Commissioner of Securities and Insurance unless it is registered with the SEC. [read post]
16 Jul 2012, 5:08 pm
The hedge fund managers correctly stated that the carrier's construction would put insureds in jeopardy of losing the insurance protection for which they bargained because they could, as here, suddenly lose their professional liability coverage deep into a litigation if it later came to light that a renegade employee had once engaged in, but never disclosed, misconduct that gave rise to the litigation. [read post]
19 Jul 2014, 6:37 am
Arlington insurance attorneys want to know the proper way to state a claim against an insurance adjuster so as to keep a case in State Court rather than have an insurance company get the case removed to Federal Court. [read post]
12 Jan 2023, 11:06 am
Insurance companies began putting the insured vs. insured exclusion in D&O policies in the 1980s to prevent collusion among insureds, such as when a company sues its officers so that they can all recoup funds from the policy. [read post]
30 Jan 2022, 5:55 am
The bankruptcy context could also create challenges for claims funding decisions for captives that are not fully funded. [read post]
19 Jun 2007, 4:18 am
It also authorizes the Fund to issue revenue bonds, via the Florida Hurricane Catastrophe Fund Finance Corporation (the “Corporation”), and pay the proceeds of the bonds to participating insurers. [read post]
18 Dec 2019, 6:00 am
How Does Your State Compare on Corporate Taxes? [read post]
28 Oct 2013, 2:56 am
The authors suggest that the possibility that the problems the MF Global directors and officers are now facing could have been averted if its policy had the type of priority of payments provision that “unambiguously state that the corporate entity and any successor, trustee or receiver has no rights to the insurance policy proceeds until all claims asserted against the individual insureds have been resolved. [read post]
20 Jun 2013, 6:30 am
The guaranty fund is usually a special purpose non-profit corporation of the state. [read post]
23 Apr 2013, 2:02 am
As reflected in the press releases as well as is stated in the many media reports about the settlement (refer for example, here), the entire cash portion of the $139 million settlement is to be funded by D&O insurance. [read post]
20 Dec 2011, 11:36 am
Secrist alleged that the assets of Equity Funding, a diversified corporation primarily engaged in selling life insurance and mutual funds, were vastly overstated as the result of fraudulent corporate practices. [read post]
4 Sep 2012, 9:00 am
The act, which took effect on January 1, 2012 and expires on December 31, 2013, authorizes the state to collect up to $400 million in revenues each year, which are used to fund the Michigan state share of the Medicaid program. [read post]
20 Jul 2010, 11:31 am
In the insurance industry, non-compete arrangements and client relationships are critical corporate assets. [read post]
4 Feb 2009, 3:27 pm
On January 12, 2009, in an effort to hold state nonmember banking institutions more accountable for their participation in the Troubled Assets Relief Program (TARP) Capital Purchase Program (CPP), the Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL-1-2009) recommending that its supervised institutions implement a process to monitor and document the use of their CPP funds. [read post]
