WA OIC Fines Nationwide Life and Annuity for Training Failure | NY DFS Signs Another Consent Order | NH Fines Anthem Life Insurance Company | Insurance Regs, Bulletins, and Legislation
Weekly snippets from the Insurance Compliance Insight (ICI) Newsletter. A weekly subscription service published by an insurance compliance professional for insurance compliance professionals!
Washington OIC Fines Nationwide Life and Annuity for Training Failure
In a Consent Order (Order) dated November 27, 2023, and released by Insurance Commissioner Kreidler on December 14, 2023, Nationwide Life and Annuity Company (Nationwide or Company) was fined $140,273.87 for violations related to compliance with training requirements for the sale of Long-Term Care (LTC) products in the state…
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New York DFS Signs Another Consent Order: This Time with AXA XL for DMV Reporting Violations
On December 15, 2023, New York State Department of Financial Services (DFS) entered into a Consent Order (Order) with AXA XL, including affiliate companies (XL Specialty Insurance Company, for itself and as successor in interest to Catlin Indemnity Company, Coliseum Reinsurance Company, as successor in interest to AXA Insurance Company, XL Insurance America, Inc. T.H.E. Insurance Company, and Greenwich Insurance Company, collectively referred to as “AXA XL” or “Company”) for failing to report new business and vehicle registration to the New York State Department of Motor Vehicles (DMV) in a timely manner as required by law.…
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New Hampshire Fines Anthem Life Insurance Company for Failure to Pay Interest on Death Claims
In a Consent Order (Order) signed by New Hampshire Insurance Commissioner, Bettencourt on December 20, 2023, Anthem Life Insurance Company (Anthem) was fined for failing to pay interest from the date of death when the claim was paid 31 days or more beyond that date.
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Insurance Regulations, Bulletins, and Legislation
Alphabetically by line of business/topic and then by state.
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Resources: DOL Proposed Fiduciary Rule
We will update this page with new information that becomes available regarding the DOL proposed regulatory amendments.
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