New York Posts Final Cyber Regulation Amendments | DOL Releases Proposed Regulation | Minnesota Department of Commerce and Liberty Mutual Consent Order | Insurance Regs, Bulletins, Legislation
Weekly snippets from the Insurance Compliance Insight (ICI) Newsletter. A weekly subscription service published by an insurance compliance professional for insurance compliance professionals!
New York Posts Final Cyber Regulation Amendments
NY Governor Hochul and the DFS issued press releases announcing amendments to the “First-In-The-Nation Cybersecurity Regulations” that will “mandate new controls, require more regular risk assessments and update notification requirements to enhance protections for New Yorkers.” Governor Hochul connected these amendments to a larger statewide cybersecurity strategy stating…
↓ READ MORE ↓
DOL releases its proposed regulation, the “Retirement Security Rule: Definition of an Investment Advice Fiduciary”
If your role involves annuities it is unlikely that you have gotten to today without knowing that on Tuesday, October 31, 2023, the new version of the DOL fiduciary rule, 29 CFR (Code of Federal Regulations) 2510, was released under the name “Retirement Security Rule: Definition of an Investment Advice Fiduciary.” In a simplification of the proposal, it is often discussed as…
↓ READ MORE ↓
Minnesota Department of Commerce and Liberty Mutual Consent Order: $7.7 Million in Restitution and $150,000 Civil Penalty
The Commissioner of the Minnesota Department of Commerce entered into a Consent Order with Liberty Mutual Insurance Company, Liberty Mutual Personal Insurance Company, Liberty Mutual General Insurance Company, LM Insurance Corporation, and Safeco Insurance Company of Indiana (collectively, Respondents) based on alleged conduct including…
↓ READ MORE ↓
Insurance Regulations, Bulletins, and Legislation
Current insurance regulations, bulletins, and legislation listed alphabetically by line of business/topic and then by state. This list is updated with each publication.
↓ READ MORE ↓
