Insurance Business and Regulatory News
Insurance Business and Regulatory News    

Insurance Business & Regulatory News

 

Winter 2009

This newsletter is prepared as a source of general information concerning recent insurance business and regulatory law developments. If you would like more information, please contact a member of our Insurance Business and Regulatory Law group. For a printable version of this newsletter, click here.

   
In this Issue


Attorneys in the Insurance Group

Steven L. Imber (Chair)
Overland Park
(913) 234-7469
simber@polsinelli.com

Jeanie A. Botkin
Kansas City
(816) 360-4110
jbotkin@polsinelli.com

Jeffery S. Bottenberg
Topeka
(785) 233-1446
jbottenberg@polsinelli.com

Gerald W. Brenneman
Kansas City
(816) 360-4221
gbrenneman@polsinelli.com

Justin T. Liby
Overland Park
(913) 234-7427
jliby@polsinelli.com

Lauren E. Tucker McCubbin
Kansas City
(816) 360-4116
ltucker@polsinelli.com

Jennifer L. Osborn
Overland Park
(913) 234-7472
josborn@polsinelli.com

August N. Rechtien
Kansas City
(816) 360-4366
arechtien@polsinelli.com

William W. Sneed
Topeka
(785) 233-1446
wsneed@polsinelli.com

Robert B. Sullivan
Kansas City
(816) 360-4151
rsullivan@polsinelli.com

Lisa A. Weixelman
Kansas City
(816) 360-4315
lweixelman@polsinelli.com

 

   
New Operational Review and On-Site Audit Requirements in Texas

By Steven L. Imber

   
On June 25, 2009, several new regulations governing third party administrators (TPAs) in Texas became effective. The new Texas TPA regulations are unique, as they impose an affirmative obligation on insurers licensed in Texas to conduct operational reviews and on-site audits of any TPAs they utilize for life, health, accident, or workers’ compensation business in Texas.

[ Read more ]

   
Holding Company Laws: Practical Considerations for Form D Affiliated Transaction Filings

By Jeanie A. Botkin

   
This is the second in a series of articles on holding company laws. These laws control most corporate transactions involving an insurance company, including acquisitions, mergers, dividend payments and services contracts, as well as other types of affiliated agreements.

[ Read more ]

   
The Effects of Flu Pandemics on the Insurance Industry

By Jennifer L. Osborn

   
Pandemic flus, which can cause serious illness and death throughout the global population, have been the subject of serious study by the insurance industry. In order to understand this concern, this article briefly discusses the nature of pandemic flus and the recent history of flu pandemics and pandemic threats. Following this discussion, this article will examine some predictions with respect to the effects of a pandemic on the life and health insurance industries.

[ Read more ]

   
Spotlight: Missouri and Kansas

Missouri Activity: On September 24, 2009, Missouri Governor Jay Nixon issued an executive order titled “Prompt Pay for Healthy Missouri Project” to examine the issues relating to timely reimbursement of Missouri hospitals and healthcare providers by health insurance companies.

Kansas Activity: The Kansas Insurance Department recently adopted the proposed amendment to K.A.R. 40-1-38, which replaces the June 1985 model regulation pertaining to standards for insurance companies deemed to be in hazardous financial condition with the Kansas Insurance Department’s “policy and procedure for companies deemed to be in hazardous financial condition,” dated August 4, 2009.

[ Read more ]

   
NAIC Corner

Antifraud Plan Guidelines and Training

By Justin T. Liby

   
In 2008, the Antifraud Liaison Working Group issued the first draft of a proposed Model Antifraud Plan Guideline designed to act as a supplement to the insurance fraud prevention model law. During the Fall NAIC Meeting, the Working Group announced its intention to make a second draft of the Guidelines available for public comment prior to or during the Winter NAIC Meeting.

[ Read more ]

 
       
 
For More Information

   
About Polsinelli Shughart's

Insurance Business and Regulatory Law Group
   

With decades of experience assisting the insurance industry with corporate transactions and various compliance and regulatory issues across the country, the Insurance Business and Regulatory Law group at Polsinelli Shughart PC has the experience to provide outstanding services to this industry.

With four former state insurance department attorneys, including two who served as General Counsel, and five attorneys who were former in-house counsel to various insurance organizations, our Insurance Business and Regulatory Law attorneys understand the unique needs of our insurance clients on matters involving state insurance departments, state Attorneys General, and other state and federal regulatory agencies. To learn more about our services, click here.

To learn more about our firm, you can visit our Web site at www.polsinelli.com.

           
       
 
Questions

If you have questions about, or would like more information regarding, any of the articles which appear in this newsletter, please contact the author or any member of our Insurance Business and Regulatory Law group.

For a printable version of this newsletter, click here.

           
With offices in:  Kansas City - St. Louis - Chicago - Denver - Phoenix - Washington D.C. - New York - Wilmington DE - Overland Park - St. Joseph - Springfield - Topeka - Edwardsville
 

If you know of anyone who you believe would like to receive our e-mail updates, or if you would like to be removed from our e-distribution list, please contact Sarah Blair.

Polsinelli Shughart PC provides this material for informational purposes only. The material provided herein is general and is not intended to be legal advice. Nothing herein should be relied upon or used without consulting a lawyer to consider your specific circumstances, possible changes to applicable laws, rules and regulations and other legal issues. Receipt of this material does not establish an attorney-client relationship.

Polsinelli Shughart is very proud of the results we obtain for our clients, but you should know that past results do not guarantee future results; that every case is different and must be judged on its own merits; and that the choice of a lawyer is an important decision and should not be based solely upon advertisements.

Polsinelli Shughart ® is a registered trademark of Polsinelli Shughart PC.

Copyright
Copyright © 2009 Polsinelli Shughart PC