Anti Rebating Laws By State

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Anti Rebating Laws By State 05 10 2021 The National Association of Insurance Commissioners NAIC has adopted amendments to the model Unfair Trade Practices Act the Model Act which if

Home Insights Expect Focus The Gift of Giving States Move to Amend Their Anti Rebating Laws May 05 2021 On December 9 2020 the NAIC Executive Also amends the state s anti rebating law to exclude 1 offering interest free credit on life and liability insurancepremiums or crop hail insurance premiums 2 payments

Anti Rebating Laws By State

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1988 California repeals anti rebating with the passage of Proposition 103 1990 Florida amends the anti rebating law keeping rebating illegal but allowing specific State insurance law prohibitions against rebating and inducements have frequently been cited as impediments to innovation in the sale of insurance products In parallel to the Task Force s activities

NAIC Supporting Insurance Regulators Public Interest As a result many insurance providers have not been able to adopt a one size fits all approach to the state anti rebating laws significantly increasing their

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This has proven difficult with state anti rebating laws where the rules can vary quite a bit In response to industry requests to reform the anti rebating laws the The Iowa Insurance Division s Bulletin 08 15 9 30 08 provides guidelines on certain practices that the Division views as violating the state s Anti Rebate Law

Louisiana Insurance Regulator Confirms Innovator Friendly Approach to Anti Rebating Akin Gump Strauss Hauer Feld LLP on 3 30 2017 The practice of Recent technologies and innovations have created conflicts with anti rebating laws State assurance regulators and industry equal are find to States that

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Anti Rebating Laws By State - State anti rebating laws were originally enacted to prevent discrimination between similarly situated insureds and insurer insolvencies Today these statutes prohibit