NAIC Journal | FTC Highlights Consumer Protection | Washington Fines Home Warranty Company | August 5, 2024 Guide to 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!


NAIC Journal of Insurance Regulation Tackles Gender Rating in Auto Insurance

A recent article in the Journal of Insurance Regulation titled “Gender X and Auto Insurance: Is Gender Rating Unfairly Discriminatory?” raises the politically controversial and often emotionally charged issues in the context of auto insurance and driving, including the “complexities of non-binary gender identity.”     

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FTC Highlights Consumer Protection Around AI-Enabled Calls and Text Messages

In a Comment Memorandum to the Federal Communications Commission (FCC), dated July 29, 2024, the Federal Trade Commission (FTC) provided information on its activities in this area.

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Washington Fines Home Warranty Company for Unauthorized Business and Claims Violations

Washington Office of the Insurance Commissioner (OIC) issued a cease-and-desist order (“Order”) and fined LifeTime Home Warranty LLC $200,000 for operating as an unauthorized insurer, unjustly refusing claims, and failing to respond to inquiries.

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August 5, 2024 Guide to Insurance Regulations, Bulletins, and Legislation

(Alphabetically by line of business/topic and then by state) 

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From the Publisher’s Desk: | Oregon Fines GEICO Group $672,200 | Illinois Fines Principal Life $29,500 | Aug 19, 2024, Guide to Insurance Regs, Bulletins, and Legislation

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49 and 1 Life Insurance Companies Doing Business in New York | Medicare Advantage Prior Authorization Denials Draw KFF Attention | Aug 12, 2024, Guide to Insurance Regs, Bulletins, and Legislation