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.
Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Consisting of Amendments to MSRB Rule G-28, on Transactions With Employees and Partners of Other Municipal Securities Professionals, To Harmonize and Better Align With FINRA Rule 3210, on Accounts at Other Broker-Dealers and Financial Institutions
The Municipal Securities Rulemaking Board (MSRB) has updated its rules to better match the Financial Industry Regulatory Authority (FINRA) guidelines. This change affects municipal securities professionals who handle accounts with other financial institutions, such as banks and insurance companies. ...
Paxos Securities Settlement Company, LLC; Order Granting an Application for Temporary Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
Paxos Securities Settlement Company has received temporary approval to operate as a clearing agency, which is important for broker-dealers, banks, and insurance companies. This means they can now participate in clearing and settling securities transactions. Insurance agents should be aware of this c...
30-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage-Backed Securities Programs
The Department of Housing and Urban Development (HUD) is asking for feedback on a new information collection related to Ginnie Mae Mortgage-Backed Securities Programs. This is part of a process to get approval from the Office of Management and Budget (OMB). Interested parties have 30 days to share t...
Securities Investor Protection Corporation; Order Approving the Determination of the Board of Directors of the Securities Investor Protection Corporation Not To Adjust for Inflation the Standard Maximum Cash Advance Amount and Notice of the Standard Maximum Cash Advance Amount
The Securities Investor Protection Corporation (SIPC) has decided not to increase the maximum cash advance amount, which remains at $250,000. This decision affects investors who rely on SIPC for protection against the loss of cash claims. SIPC believes that adjusting the cash advance amount for infl...