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Arizona Embraces CSBS Model Money Transmission Law; West Virginia Incorporates Some Key Provisions | Cooley LLP - Vimarsana News

Arizona Embraces CSBS Model Money Transmission Law; West Virginia Incorporates Some Key Provisions | Cooley LLP

On May 20, 2022, Arizona Gov. Doug Ducey signed Senate Bill 1580, which effectively replaces Arizona’s current money transmission law with the Model Money Transmission Modernization Act...

Arizona Embraces CSBS Model Money Transmission Law; West Virginia Incorporates Some Key Provisions - Financial Services - Vimarsana News

Arizona Embraces CSBS Model Money Transmission Law; West Virginia Incorporates Some Key Provisions - Financial Services

In addition to incorporating almost all of the Model Act, SB 1580 eliminates Arizona's unique identification requirements for transactions of $1,000 or more.

Source: mondaq.com
NAIC Report - 2022 Spring National Meeting | Eversheds Sutherland (US) LLP - Vimarsana News

NAIC Report - 2022 Spring National Meeting | Eversheds Sutherland (US) LLP

The National Association of Insurance Commissioners (NAIC) held its 2022 Spring National Meeting from March 4 to 8 in Kansas City, Missouri. Although the meeting was held in a hybrid...

New York Legislation Would Impose Group Capital Calculation Requirement | Kramer Levin Naftalis & Frankel LLP - Vimarsana News

New York Legislation Would Impose Group Capital Calculation Requirement | Kramer Levin Naftalis & Frankel LLP

Parent companies of insurers doing business in New York would be required to file a “group capital calculation,” or GCC, with the Superintendent of Financial Services under legislation...

NCOIL Discusses Public Option, Paid Family Leave At Spring Meeting – InsuranceNewsNet - Vimarsana News

NCOIL Discusses Public Option, Paid Family Leave At Spring Meeting – InsuranceNewsNet

Manasquan, NJ – The National Council of Insurance Legislators concluded its 2022 Spring National Meeting on March 6th in Las Vegas, NV.  In what was the