Currin Compliance Blog - Comments

Ohio Life Ins comments on Life Insurance/Annuity Sales in 2009

Ohio Life Ins — Sun, 25 Apr 2010 15:26:16 +0000

I am very optimistic about the future of life products and hope the carriers come out with some great deals this years for our clients.
Ohio Life Insurance

Part D Insurance comments on Monday Morning Musings

Part D Insurance — Wed, 24 Mar 2010 21:03:04 +0000

[Actual comment date: 01/12/2010]
Not only to legal functions, the ideology discussed above could be applied to any industry/people.

Cailie Currin comments on NU Reports Study Finds GMWB Use Lower than Expected

Cailie Currin — Wed, 24 Mar 2010 21:00:26 +0000

[Actual comment date: 01/27/2010]
Thank you for that link. I apologize for omitting it in my original post.

James Green comments on NU Reports Study Finds GMWB Use Lower than Expected

James Green — Wed, 24 Mar 2010 20:59:50 +0000

[Actual comment date: 01/27/2010]
Here's a link to the National underwriter story:
http://www.lifeandhealthinsurancenews.com/News/2010/1/Pages/Ruark-GMWB-Use-Below-Expectations.aspx

Peter Gourley, Ruark Consulting comments on NU Reports Study Finds GMWB Use Lower than Expected

Peter Gourley, Ruark Consulting — Wed, 24 Mar 2010 20:58:25 +0000

[Actual comment date: 01/25/2010]
Our study found that, of lifetime GMWB contractholders who took withdrawals, about 1 in 3 withdrew more than the maximum annual amount - somewhat surprising, given the reduction in guarantees that accompany that. As you might expect, the results vary widely by contract characteristics (contract size, contractholder age, degree of incentives in the product to defer withdrawals, etc.).

Chad Bockius comments on Best Practices for Social Media - Insurance Compliance Insight Recommendations

Chad Bockius — Wed, 24 Mar 2010 20:55:11 +0000

[Actual comment date: 03/01/2010]
Great article and I couldn't agree more with Nadine. What we are finding is that insurance companies are embracing the FINRA guidance, not only around social media policy creation but also in the automation of social networking compliance.

If you are looking for more information you should check out the Companion Guide to FINRA Social Networking Compliance http://bit.ly/8xT73y. It picks up where FINRA's Notice 10-06 leaves off, offering additional detail on social networking considerations and a checklist of requirements for choosing a social networking compliance vendor.

Chad Bockius comments on Best Practices for Social Media - Insurance Compliance Insight Recommendations

Chad Bockius — Wed, 24 Mar 2010 20:54:09 +0000

[Actual comment date: 02/25/2010]
I couldn't agree more with your post. Most companies today are taking the prudent steps to create a social media policy. Once created there is a question of how you implement, manage and track compliance against it. In regulated industries this isn't just a nice to have it is a requirement.

Social Networking Compliance solutions are coming on the scene to automate access control, supervisory review and archiving. If you are engaging in social media already or are about to start you may want to check out the Companion Guide to FINRA Social Networking Compliance http://bit.ly/b3cCgr. It picks up where FINRA Notice 10-06 leaves off, offering additional detail on social networking considerations and a checklist of requirements for choosing a social networking compliance vendor.

Nadine Boisnier comments on Best Practices for Social Media - Insurance Compliance Insight Recommendations

Nadine Boisnier — Wed, 24 Mar 2010 20:53:24 +0000

[Actual comment date: 02/22/2010]
Creating a sound compliance policy for social media is key for all companies, especially in the financial area. Companies need to come up with their own review, record keeping processes now and not wait until the regulators catch up. It is important to screen on a regular basis the company brand and image online and to see if any employees are effecting the integrity of the company image. Social media can be a great marketing tool as long as it is used conservatively and within compliant boundaries.It is best to remember integrity, compliance and security before posting.

Ken Kalis comments on Best Practices for Social Media - Insurance Compliance Insight Recommendations

Ken Kalis — Wed, 24 Mar 2010 20:48:12 +0000

[Actual comment date: 02/19/2010]
Great article, Cailie. Will put a link to it in our February newsletter. Ken Kalis