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AIA announces agenda for upcoming NAIC meeting

The American Insurance Association (AIA) has unveiled its agenda for the upcoming National Association of Insurance Commissioners’ (NAIC) Winter Meeting. Issues of concern to AIA include the NAIC’s draft ‘broker compensation’ model law language and a proposal to incorporate parts of the Sarbanes-Oxley securities law into insurance statutory financial reporting.

“AIA is reviewing the recently released NAIC staff draft 'broker compensation' model law language in detail. We believe that any new legal standards dealing with disclosure of compensation in

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FCA ends premium finance probe looking like a tired parent

Editor’s View: Two years after the Financial Conduct Authority kicked off about premium finance, Emma Ann Hughes feels the regulator’s market study final report felt more like finger-wagging from a worn-out parent than meaningful action from a watchdog with a powerful bite.

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