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.
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...