The Department of Transportation proposed making an interim ban on texting while operating commercial vehicles and buses a permanent federal rule.Read More
One underwriter commented that if you are breaking traffic laws, you’re considered a risk because you may be putting yourself in a life threatening positionRead More
Filing for bankruptcy is usually person’s worst nightmare, but when it comes to protecting your assets (including the value of your), information is key.Read More
New York residents will now be able to use some of their life insurance policy to cover long-term care expenses, according to a press release.
“By passing this law, we no longer burden taxpayers with the long-term care expenses needed by the growing senior population and we’ve given thousands of seniors a creative and costsaving way to cover their care,” said state senator Jeff Klein.Read More
The guidelines for a new life settlement law in Illinois will be posted on the state insurance department website next week, a state official said.
The law, which was passed last year but doesn’t take effect until July 1, allows life insurance policies to be sold after two years and outlaws “stranger-originated” life insurance, according to a report in the Life Settlements Wire. It is based partly on legislation developed by the National Conference of Insurance Legislators and the National Association of Insurance Commissioners.Read More