First Consulting & Administration is an insurance regulatory compliance consulting firm that has served the insurance industry since 1969.
Insurance Policy Drafting and Filing
Insurance Regulation and Compliance
Life, Health, Annuities, Personal Lines and Commercial Lines
Call us anytime: 800.927.2730

ICMG Annual Meeting
This year's ICGM meeting was a big success. We look forward to working with companies and producers on drafting and regulatory filing needs, and those needing assistance expanding authority or TPA licensing. Congratulations to Mike Wise, winner of the First Consulting door prize.

Inter-Company LTC Conference
Look for Stacy Koron at the Inter-company LTC Insurance Conference in New Orleans, LA on March 14-17.
 


 

New Hampshire Issues Bulletin Regarding Qualified Annuities.

The New Hampshire Insurance Department has issued a Bulletin requiring disclosure that the favorable tax treatment provided by federal law to surviving spouses does not apply to civil union partners or same-gender marriages. The Bulletin also announces expedited review procedures for forms filing. Contact John Palmer or Stacy Koron for details and filing assistance.

New York Revises Supplement to Circular Letter 27

The New York Insurance Department has revised Supplement No. 1 to Circular letter No. 27 which clarifies disclosure requirement for how federal distribution requirements to spouse for annuity contracts do not apply to same-sex spouses. Contact John Palmer or Stacy Koron for details.

Connecticut issues underinsured motorist conversion coverage guidance

Connecticut advises that Public Act 09-72 requires an automobile insurer issuing a new automobile liability insurance policy to disclose to an insured at the time of sale or issuance the availability of, premium cost for, and description of underinsured motorist conversion coverage.  Forms are provided that can be used to comply with this requirement.  If insurers develop their own forms, the forms must receive the Department's prior approval for use of alternative language.  Contact John Palmer for assistance in making filings. 

Rhode Island Adopts Fraud Warning

Pursuant to R.I. Gen. Laws § 27-29-13.3, all Rhode Island applications for all lines of insurance must include a specified fraud warning. This requirement is effective January 1, 2010, but the Department has issued a bulletin extending the time for compliance until March 31, 2010. Contact Stacy Koron, stacy.koron@firstconsulting.com or 816-391-2735 for assistance in making the required filing(s).

 
 
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