Technology Task Force Innovation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: In 2020, the financial services industry and regulators adjusted to new norms of social distancing, electronic document delivery, and electronic transactions. Regulators are recognizing the gap between advancements in technology and customer acceptance on the one hand, and a decades-old regulatory structure on the other. Below are some of the notable shifts under consideration at the federal and state levels. E-SIGN Modernization Act In July, three Republican senators introduced a bill to modernize the Electronic Signatures in Globa...

To embed, copy and paste the code into your website or blog: Just in time for the holidays, the Innovation and Technology Task Force (Innovation TF) and the NAIC Executive (EX) Committee adopted revisions to Section 4(H) of the NAIC Unfair Trade Practices Act (Model 880). The long-awaited revisions to the rebating section of Model 880 come on the heels of lengthy discussions between regulators on how to protect consumers while fostering innovation in the insurance industry by allowing insurers and producers to provide consumers with value-added products and services that are not specified in ...