Wednesday, May 26, 2010

Presentation: "Disability Hot Topics - Legislative and Litigation Update"

Here's a link to my presentation at the AICP New England Chapter's "Education Day" conference in Providence last week.

AICP Presentation

A couple of CT updates since the presentation was compiled.... the legislature amended SB 141 to require a separate and prominent disclosure to employees regarding offsets, instead of prohibiting offsets for dependent Social Security as the original version of the bill called for. And SB 194, a proposal to require rate filings for individual disability income products, died in the legislative session.

Friday, May 21, 2010

Association of Insurance Compliance Professionals (AICP) – New England Regional Chapter Education Day

Just back from Providence, where I presented last week on “Hot Topics in Disability Insurance – Legislative and Legal Update” at the annual Education Day sponsored by the New England chapter of the Association of Insurance Compliance Professionals (http://www.aicp.net/). 

Several conference attendees confirmed that they too are running into new filing issues related to variability in MO and several other states, as regulators raise objections and impose requirements that were not raised on filings approved as recently as several months ago.

On another note, a MA Insurance Department representative stated at the conference that his department will soon be releasing a draft survey to insurers regarding disability insurance, a product not regulated by MA up to now (at least on the group side). There was no mention, however, of any imminent plans by the department to push for greater regulation or required filings of disability income products.

Learn more about CDS at http://www.customdisability.com/