Insurance News
Regulatory updates in plain English
Stay current with the latest from CMS, state departments of insurance, NAIC, the Federal Register, and Congress — rewritten so you can actually understand what it means for your practice.
Notice of OFAC Sanctions Action
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has added new individuals to its list of sanctioned persons. This means that any property or assets belonging to these individuals that fall under U.S. law are frozen, and U.S. citizens cannot conduct business with them. Insurance agents sh...
Cuba Sanctions Regulations
The U.S. Treasury Department is introducing new rules regarding Cuba, following an executive order from May 1, 2026. These rules will provide more details and may include additional explanations, licenses, and other regulations. Insurance agents should stay informed about these changes as they may a...
Publication of Venezuela Sanctions Regulations Web General Licenses 52, 53, 54, 55, 56, 57, and 58
The U.S. Treasury Department has released seven new general licenses related to sanctions on Venezuela. These licenses, numbered 52 through 58, provide guidelines on what activities are allowed under the sanctions. Insurance agents should review these licenses to understand how they may impact their...
Publication of Venezuela Sanctions Regulations Web General Licenses 46D, 47B, 48C, 50C, 51C, 52B, 54B, and 61A
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has released eight new general licenses related to sanctions against Venezuela. These licenses, numbered 46D, 47B, 48C, 50C, 51C, 52B, 54B, and 61A, outline specific activities that are allowed under the sanctions. Insurance agents should r...
Publication of Venezuela Sanctions Regulations Web General Licenses 46C, 47A, 48B, 50B, 51B, 52A, and 54A
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has released seven new general licenses related to sanctions against Venezuela. These licenses, numbered 46C, 47A, 48B, 50B, 51B, 52A, and 54A, outline specific activities that are permitted under the sanctions. Insurance agents ...
Notice of OFAC Sanctions Action
The U.S. Treasury Department has added new individuals to its list of sanctioned persons, meaning they are blocked from accessing any property or assets in the U.S. This affects anyone who might want to do business with these individuals, as U.S. persons are not allowed to engage in transactions wit...
Publication of Venezuela Sanctions Regulations Web General Licenses 50A and 51A
The U.S. Treasury Department has released two new general licenses related to sanctions on Venezuela, known as GL 50A and GL 51A. These licenses provide specific permissions for certain activities that were previously restricted under the Venezuela Sanctions Regulations. Insurance agents should revi...
Publication of Venezuela Sanctions Regulations Web General Licenses 30B and 51.
The U.S. Treasury Department has released two new general licenses related to sanctions on Venezuela, known as GL 30B and GL 51. These licenses provide specific permissions for certain activities that were previously restricted under the sanctions. Insurance agents should review these licenses to un...
Notice of OFAC Sanctions Actions
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has added certain individuals to its list of sanctioned persons. This means that any property or assets owned by these individuals that fall under U.S. law are frozen, and U.S. citizens cannot do business with them. Insurance agents should ...
Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism and Sanctions Compliance Risk Management
The Office of the Comptroller of the Currency (OCC) is planning to introduce new rules for companies that issue stablecoins, which are a type of digital currency. These rules will ensure that these companies follow important laws to prevent money laundering and comply with sanctions. This change aff...
Publication of Venezuela Sanctions Regulations Web General Licenses 48A and 49A
The U.S. Treasury Department has released two new general licenses related to sanctions on Venezuela, known as GL 48A and GL 49A. These licenses provide guidelines on what activities are allowed under the sanctions. Insurance agents should review these licenses to understand how they may impact thei...
Notice of OFAC Sanctions Action
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has updated its list of individuals and entities that are blocked from doing business in the U.S. due to legal reasons. This means that any property or assets they own in the U.S. cannot be accessed or used, and U.S. citizens are not allowe...
Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers
The FDIC is planning to introduce new rules for companies that issue stablecoins, which are a type of digital currency. These rules will ensure that these companies follow the Bank Secrecy Act and comply with sanctions. This change affects businesses that are supervised by the FDIC and deal with sta...
Publication of Venezuela Sanctions Regulations Web General Licenses 46, 46A, and 46B
The U.S. Treasury Department has released three new general licenses related to sanctions on Venezuela. These licenses, numbered 46, 46A, and 46B, outline specific activities that are allowed under the sanctions. Insurance agents should review these licenses to understand what is permitted and ensur...
Publication of Venezuela Sanctions Regulations Web General Licenses 47, 48, 49, and 50
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has released four new general licenses related to sanctions against Venezuela. These licenses, numbered 47, 48, 49, and 50, provide guidance on what activities are allowed under the sanctions. Insurance agents should review these licenses t...
Publication of Iranian Transactions and Sanctions Regulations Web General Licenses
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has released two new general licenses related to sanctions on Iran, known as GLs S and T. These licenses provide specific permissions for transactions that were previously restricted under the sanctions. Insurance agents should review these...
Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements
The Department of the Treasury is introducing new rules for companies that issue permitted payment stablecoins. These companies will now be treated like banks under anti-money laundering laws, meaning they must follow strict rules to prevent money laundering and terrorism financing. They will also n...