A compendium of compliance alerts sent to Alliance members societies over the past year:
GENERAL
Unclaimed Property Audits (10/17/12)
IRS Compliance Checks (11/8/12)
Risk-Based Capital Chart (11/27/12)
ALABAMA
Department of Insurance Offers Life Insurance/Annuity Search Service (10/25/12)
Department of Insurance Increases Audit and Examination Fees (10/31/12)
House Bill 192: Unclaimed Life Insurance Benefits (2/8/13)
ARIZONA
Hazardous Financial Condition/Fraternal RBC (1/29/13)
CALIFORNIA
Assembly Bill 1747, Life Insurance: Nonpayment Premium Lapse – Notice (10/10/12)
Department of Insurance Raises Examination Fees (10/8/12)
CONNECTICUT
Fraternal Insurance Certificates/Commercial Life Insurance Policies (3/6/13)
DELAWARE
Department of Revenue Announces Unclaimed Property Voluntary Disclosure Program (11/13/12)
FLORIDA
Bills prohibit insurers from limiting coverage based on genetic information (2/25/13)
HAWAII
Department of Taxation Discusses General Excise Tax and Fraternal Benefit Societies (9/25/12)
ILLINOIS
House Bill 1729 – Fraternal Risk-Based Capital (2/19/13)
INDIANA
House Bill 1321 amends RBC and other issues (1/17/13)
IOWA
Draft 1265 – RBC and other issues (1/28/13)
House Study Bill SB83 – Fraternal RBC/Various Insurance Laws (2/5/13)
KENTUCKY
Kentucky enacts RBC Requirements for Fraternal Benefit Societies (10/9/12)
MAINE
Insurance Bulletin 384 – Rebates – Guidance for Producers (12/3/12)
MARYLAND
HB 724: Model Fraternal Code – Fraternal RBC (2/8/13)
MASSACHUSETTS
House Bill 20 on Unclaimed Property (1/4/13)
MINNESOTA
Unclaimed Property Voluntary Disclosure Program (10/24/12)
MONTANA
Unclaimed Life Insurance Benefits - Senate Bill 34 (12/12/12)
NEBRASKA
Legislative Bill 426 Amends Fraternal Code (1/23/13)
NEVADA
Unclaimed Life Insurance Benefits- Assembly Bill 226 (3/13/13)
NEW MEXICO
SB 312: Unclaimed Life Insurance Benefits Law (1/30/13)
SB 412: RBC – Standard Valuation – Nonforfeiture – Hazardous Conditions (2/8/13)
NEW YORK
Unclaimed Life Insurance Benefits – Assembly Bill 9845 (12/10/12)
Unclaimed Life Insurance Benefits Bills Signed into Law (12/20/12)
NORTH CAROLINA
Benefits Not Attachable (4/1/13)
NORTH DAKOTA
Unclaimed Life Insurance Benefits Bill Introduced (1/15/13)
OHIO
House Bill 341 August Update (8/31/12)
Tax Expenditures/Budget Bill – OH HB 59 (3/12/13)
OKLAHOMA
House Bill 1512 on RBC (1/22/13)
SB911 – Risk-Based Capital (2/5/13)
RHODE ISLAND
House Bill 5452 – Unclaimed Life Insurance Benefits (2/19/13)
TEXAS
Texas Unclaimed Property Reporting Changes Take Effect Jan 1, 2013 (11/20/12)
VERMONT
Unclaimed Life Insurance Benefits Law (1/29/13)
VT HB 513 - Fraternal Risk-Based Capital and ORSA (3/20/13)
WASHINGTON
Senate Bill 5688 – Business and Occupation Tax (2/11/13)
Senate Bill 5041 – Fraternal Exemption (2/15/13)
WEST VIRGINIA
West Virginia State Treasurer Files Suit for Unclaimed Proceeds (10/1/12)