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Voss Wants Meeting After SEC Proposes Reclassifying Indexed Annuities as Securities
(7/2/2008)
Iowa Insurance Commissioner Susan Voss wants to talk with members of the U.S. Securities & Exchange Commission (SEC), following the SEC’s release of a draft proposal that would classify most indexed annuities as securities, rather than as insurance products... Full Story
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Dodd, Shelby Tell Fed, SEC to Hold Off On Agreement to Share Oversight
(7/2/2008)
Senate Banking Committee Chairman Chris Dodd (D-Conn.) and Ranking Member Richard Shelby (R-Ala.) have sent a letter to SEC Chairman Christopher Cox, Fed Chairman Ben Bernanke, and Treasury Department Secretary Henry Paulson, telling them to halt actions to share more oversight of investment banks... Full Story
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Paulson Seeks New Powers for Fed
(6/24/2008)
Treasury Secretary Henry Paulson has urged broad new powers for the Federal Reserve to demand information from Wall Street investment banks and said markets must be prepared for the fact that some firms can fail... Full Story
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Senate Passes PIANY-Supported Interstate Insurance Compact Legislation
(6/24/2008)
On Wednesday, June 18, the Senate passed legislation, supported by PIANY (S.5053), to enable New York State to join the Interstate Insurance Compact... Full Story
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PIA Plan to Expand Producer Licensing Registry is Simplest Solution to Modernization
(6/17/2008)
Completing the National Insurance Producer Registry (NIPR) is “the simplest solution” to achieve modernization of the producer licensing system, according to PIA National Immediate Past President Donna Pile... Full Story
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PIA National President Comments on Proposed Office of Insurance Information
(6/17/2008)
PIA National President Robert Page, in his monthly letter to PIA members, takes note of some of the recent events regarding insurance regulatory modernization in Washington, D.C. and brings them into clearer focus... Full Story
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NCOIL President Opposes Federal Insurance Office
(6/17/2008)
Federal lawmakers considering an “Office of Insurance Information” (OII) run the risk of leaving state legislators out of the loop on insurance issues, according to Rep. Brian P. Kennedy, President of the National Conference of Insurance Legislators (NCOIL)... Full Story
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PIA Roadmap to State Regulatory Modernization Well Received at NAIC
(6/10/2008)
PIA’s Roadmap to State Regulatory Modernization was very well received during the just-completed NAIC summer meetings in San Francisco... Full Story
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