Regulation/Legislation

Thirteen states were added for residential licensing and eight were added for resident-licensing renewals for licensing applications with the National Insurance Producer Registry, the group says in its annual report.

Insurance companies that adopt enterprise risk management solutions for their economic capital modeling can see a payoff through reduced capital requirements after obtaining a favorable rating from Standard & Poor’s, a report says.

The National Risk Retention Association (NRRA) sent a letter to Governor Chris Christie of New Jersey advising him that a bill pending in the state legislature would discriminate against risk retention groups, in direct violation of federal law.

State insurance regulators Sunday delayed for at least four weeks action on a resolution that would support the demand by insurance agents for an exemption from the medical loss ratio provision of the health care reform law.

The situation regarding Japan's nuclear power plants makes one wonder about the status of workers’ compensation and labor laws in extreme circumstances.

Vermont is proposing changes to its captive-insurance law as part of its annual enhancements to its captive statute, according to the Dept. of Banking, Insurance, Securities and Health Care Administration (BISHCA).