The NAIC Executive Committee unanimously adopted an amendment to the NAIC Unfair Trade Practices Model Act (Model Law #880) on December 9, 2020. This amendment will allow insurers and producers to “rebate” consumers. With the exception of California and Florida, and until most recently, states have enforced strict anti-rebating laws, considering non-compliance as a serious … [Read more...] about NAIC Adopts New Rule Allowing Rebating
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Captive International US Focus 2020
Captive International reports on the increasingly vibrant US legacy market, where captives are divesting themselves of older liabilities to focus on new opportunities. Check out the "Embace your Legacy" article which quotes AIRROC's 2020 Person of the Year, Paul Corver and Executive Director, Carolyn Fahey.READ MORE... … [Read more...] about Captive International US Focus 2020
