Legislative/Compliance Alerts

A compendium of compliance alerts sent to Alliance members societies over the past year:

GENERAL
West Virginia – Unclaimed Property Court Decision (1/7/14)

ALABAMA
House Bill 192: Unclaimed Life Insurance Benefits (2/8/13)
Fraternal RBC Model Fraternal Code/Holding Company Act (11/25/13)
Senate Bill 77: Mode Fraternal Code/Holding Company Act (1/14/14)

ARIZONA
SB 1177: Hazardous Financial Condition/Fraternal RBC (1/29/13)

CALIFORNIA
Unclaimed Property: Controller’s Handbook Requires Quarterly DMF Searches (10/10/13)

CONNECTICUT
Fraternal Insurance Certificates/Commercial Life Insurance Policies (3/6/13)

DELAWARE
Unclaimed Property Practices Questionnaire (7/11/13)

FLORIDA
Bills prohibit insurers from limiting coverage based on genetic information (2/25/13)
Death Master File Requirement Imposed on Life Insurers (10/15/13)

GEORGIA
House Bill 920 – Unclaimed Life Insurance Benefits (2/7/14)

HAWAII
House Bill 2651-General Excise Tax on Life Insurance Proceeds/Tax on Convention and Trade Show Fees by Fraternals (1/29/14)

IDAHO
House Bill 358-Fraternal RBC/Fraternal Code (1/17/14)

ILLINOIS
House Bill 1729 – Fraternal Risk-Based Capital (2/19/13)
House Bill 4725 – ORSA (2/10/14)
Fraternal Code/Illinois Guaranty Fund  (2/20/14)

INDIANA
Insurer Investments / ORSA
(1/21/14)
House Bill 1321 amends RBC and other issues
(1/17/13)
Senate Bill 220 – Unclaimed Life Insurance Benefits (1/14/14)

IOWA
Draft 1265 – RBC and other issues (1/28/13)
House Study Bill SB83 – Fraternal RBC/Various Insurance Laws (2/5/13)
House Study Bill 516 and Senate Study Bill 3088  – Unclaimed Life Insurance Benefits (1/27/14)
House Study Bill 536 and Senate Study Bill 3090 – Insurance Company Holding Systems (1/29/14)

KENTUCKY
HB 126: Own Risk and Solvency Assessment (ORSA) (1/14/14)
Unclaimed Life Insurance Benefits (3/3/14) 

LOUISIANA
HB 411: Unclaimed Life Insurance Benefits  (3/3/14)

MARYLAND
HB 724: Model Fraternal Code – Fraternal RBC (2/8/13)
Senate Bill 690 – Duty to Search Death Master File (2/3/14)
House Bill 797 -Duty to Search Death Master File (2/5/14)

MASSACHUSETTS
House Bill 20 on Unclaimed Property (1/10/13)

MISSISSIPPI
House Bill 549 and Senate Bill 2796 – Unclaimed Life Insurance Benefits  (1/27/14)

NEBRASKA
Legislative Bill 426 Amends Fraternal Code (1/23/13)
LB 700: Own Risk and Solvency Assessment (1/14/14)

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)
Prefiled SB 7:  Fraternal RBC (12/18/13)
SB: 56 Fraternal RBC/ PBR/Based Reserves/Hazardous Financial Condition (1/14/14)

NEW YORK
Insurance Regulation 203 (11 NYCRR 82): Enterprise Risk /Own Risk and Solvency Assessment (1/23/14)

NORTH CAROLINA
SB 540 – Benefits Not Attachable (4/1/13)

NORTH DAKOTA
Unclaimed Life Insurance Benefits Bill Introduced (1/15/13)
Unclaimed Life Insurance Benefits Regulation – Temporary Waiver Provisions (11/15/13)

OHIO
Tax Expenditures/Budget Bill – OH HB 59 (3/12/13)
HB 313 – Insurer Regulatory Modernization Act (10/29/13)

OKLAHOMA
House Bill 3287 on Unclaimed Property (1/22/14)
House Bill 1512 on RBC
 (1/22/13)
SB911 – Risk-Based Capital (2/5/13)

PENNSYLVANIA
Senate Bill 969 – ORSA law introduced (5/30/13)
Examination Fees (6/19/13)
House Bill 1937 – Unclaimed Life Insurance Benefits (1/14/14)

RHODE ISLAND
House Bill 5452 – Unclaimed Life Insurance Benefits (2/19/13)
House Bill 7031 – Unclaimed Life Insurance Benefits (1/13/14)
Senate Bill 2056 Unclaimed Life Insurance Benefits (1/24/14)
House Bill 7475 – Fraternal Exemption: Occupational Common Bond Fraternals (2/14/14)

TENNESSEE
Unclaimed Life Insurance Benefits (2/7/14)

VERMONT
HB 95 – 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)
House Bill 2461 – Insurance Holding Company Act/ORSA (1/17/14)
Senate Bill 3691- Insurance Holding Company Act – Risk Management and Solvency Assessment Act  (1/24/14)

WISCONSIN
Own Risk and Solvency Assessment (2/12/14)