Calif. regulator to insurer: Keep $120M for fines
A California regulator is taking the unprecedented step of ordering PacifiCare Life and Health Insurance to keep $120 million in profits in the state to help pay up to $1 billion in possible fines for mishandling claims of…
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Calif. regulator skirted protocol on Iran holdings rule
SACRAMENTO, Calif.–California Insurance Commissioner Steve Poizner did not follow proper procedures in calling for insurers to divest themselves of investments in 50 companies that conduct business in Iran, a California agency said Monday.
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Calif. Regulator Announces Golden State Mutual Policies To Be Transferred to IA American Life Insurance
To protect policyholders, Golden State Mutual Life Insurance Co. has entered into a letter of intent with IA American Life Insurance Co. to negotiate a reinsurance agreement to transfer all …
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