This edition features a new twist in product development, one where an employee benefit consulting firm developed and patented a disability product. Corporate Compensation Plans (CCP), located in Danbury, CT has diligently worked on the idea of an LTD plan within a 401K plan since 1998. Called 401(k) Secure, this innovative product allows participants who become disabled and are no longer receiving a paycheck, and therefore cannot defer assets to their 401(k) plans, to continue their retirement savings. Given the regulatory nature of 401(k) plans, the administration of the product needed

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In the past few months the broker community has come under a great deal of scrutiny by attorneys general and insurance departments. The repercussions are certain to be felt for years to come. The National Association of Insurance Commissioners (“NAIC”) is moving to lead the response to the investigations that have generated so much negative publicity in the industry.

NAIC TO TAKE LEADING ROLE IN BROKER INVESTIGATIONS AND REGULATORY RESPONSE

The NAIC is moving quickly to be at the forefront of the regulatory response to the emerging broker compensation scandal. The NAIC has taken

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Is $10,000 the new $5,000?

Even Underwriters dare to dream...

The Twelve Days of Underwriting*
(*sung to the tune “The Twelve Days of Christmas”)

On the first day of underwriting,
my director sent to me
A bonus for writing sound risks.

On the second day of underwriting,
A broker sent to me
Two RFPs*,

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