REPORT TO REGULATORS OUTLINING ALL CHANGES Sample Clauses

REPORT TO REGULATORS OUTLINING ALL CHANGES. The Company must prepare a report to regulators outlining precisely by examination area all business reforms, improvements and changes to policies and procedures implemented through current date. Standard 13.1 The Companies have prepared the report to regulators outlining changes, as requested. Pass/Fail
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
REPORT TO REGULATORS OUTLINING ALL CHANGES. Standard 13.1 The Companies have prepared the report to regulators outlining changes, as requested. Pass/Fail Pass MEGA, Mid-West & Chesapeake Multi-State Examination Report as of December 31, 2010 Page 91 0000 Xxxxxxxxx 00 Xxxxx Xxxxxxxx Xxxxx Xxxxx, 00000 P 000-000-0000 F 000-000-0000 3 April 2012 Via E-mail & USPS The Xxxxxxxxx Xxxxx X. Hall Director, Division of Insurance State of Alaska 000 Xxxx 0xx Xxxxxx, Xxxxx 0000 Anchorage, AK 99501-3567 The Xxxxxxxxx Xxxx Xxxxxxxx Commissioner Office of the Insurance Commissioner 0000 Xxxxxxx Xxxxxxxxx Tumwater, WA 98501 The Honorable Xxxx Xxxxx Commissioner California Department of Insurance 000 Xxxxx Xxxxxx Xxxxxx, Xxxxx Xxxxx Los Angeles, CA 90013 The Xxxxxxxxx Xxxx Xxxx Commissioner Oklahoma Insurance Department 0000 XX 00xx, Xxxxx 000 Oklahoma City, OK 73112-4511 The Xxxxxxxxx Xxxxxxx Xxxxxxx Commissioner Texas Department of Insurance P.O. Box 149104 Austin, TX 78714-9104 RE: Multi-State Market Conduct Examination of The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee, and The Chesapeake Life Insurance Company Dear Director Xxxx and Commissioners Xxxxxxxx, Xxxxx, Xxxx, Xxxxxxx: On behalf of The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee and The Chesapeake Life Insurance Company (hereinafter collectively “the Companies”), we appreciate the opportunity to provide our Response to the Multi-State Market Conduct Examination Draft Report (“Draft Report”) dated March 13, 2012 pursuant to R.C.W.48.37.060 (12)(c). HealthMarkets® is the brand name for products underwritten and issued by the insurance subsidiaries of HealthMarkets, Inc. –The Chesapeake Life Insurance Company®, Mid-West National Life Insurance Company of Tennessee SM and The MEGA Life and Health Insurance Company. SM In July, 2010, the Monitoring Regulators concluded that the Companies were compliant with 45 of the 93 Standards of Performance Measurement (“Standards”) required by the Regulatory Settlement Agreement (“Agreement”) entered into between the Companies and the Signatory Regulators in mid- 2008. Now, after further examination, the Draft Report confirms that we are compliant with an additional 43 of the remaining 48 Standards for a total percentage of compliance of 95%. As noted below, we believe the rate should be reported as 100% compliant with the Agreement. The Examiners found the Companies’ performance satisfactory for each and every category ...
Sample 1
REPORT TO REGULATORS OUTLINING ALL CHANGES. The Company must prepare a report to regulators outlining precisely by examination area all business reforms, improvements and changes to policies and procedures implemented through current date. Standard 13.1 The Companies have prepared the report to regulators outlining changes, as requested. Pass/Fail IN THE MATTER OF THE MARKET CONDUCT EXAMINATION OF THE MEGA LIFE AND HEALTH INSURANCE COMPANY, MID-WEST NATIONAL LIFE INSURANCE COMPANY OF TENNESSEE, AND THE CHESAPEAKE LIFE INSURANCE COMPANY REGULATORY SETTLEMENT AGREEMENT ATTACHMENT D
Sample 1

Related to REPORT TO REGULATORS OUTLINING ALL CHANGES

  • Reports; Regulatory Matters (a) SIC and each of its Subsidiaries have timely filed all reports, registration statements and certifications, together with any amendments required to be made with respect thereto, that they were required to file since December 31, 2014 with (i) the SEC and (ii) any SROs and with each applicable Governmental Entity, and all other reports and statements required to be filed by them since December 31, 2014, including any report or statement required to be filed pursuant to the laws, rules or regulations of the United States, any state, any foreign entity, or any SRO or Governmental Entity, and have paid all fees and assessments due and payable in connection therewith. Except for normal examinations of SIC and its Subsidiaries conducted by a SRO or Governmental Entity in the ordinary course of the business, no SRO or Governmental Entity has initiated since December 31, 2014 or has pending any proceeding, enforcement action or, to the knowledge of SIC, investigation into the business, disclosures or operations of SIC or any of its Subsidiaries. Since December 31, 2014, no SRO or Governmental Entity has resolved any proceeding, enforcement action or, to the knowledge of SIC, investigation into the business, disclosures or operations of SIC or any of its Subsidiaries. There is no unresolved, or, to SIC’s knowledge, threatened criticism, comment, exception or stop order by any SRO or Governmental Entity with respect to any report or statement relating to any examinations or inspections of SIC or any of its Subsidiaries. Since December 31, 2014, there have been no formal or informal inquiries by, or disagreements or disputes with, any SRO or Governmental Entity with respect to the business, operations, policies or procedures of SIC or any of its Subsidiaries (other than normal examinations conducted by a SRO or Governmental Entity in SIC’s ordinary course of business). SIC has made available to MCC all correspondence between SIC or any of its Subsidiaries and the SEC and any other SRO or Governmental Entity since December 31, 2014.

  • Additional Regulatory Requirements Notwithstanding anything contained in this Agreement to the contrary, it is understood and agreed that the Bank (or any of its successors in interest) shall not be required to make any payment or take any action under this Agreement if:

  • Annual Report of Assessment of Compliance with Servicing Criteria (a) The Servicer shall cause a firm of independent certified public accountants, who may also render other services to the Servicer, the Depositor or their Affiliates, to deliver to the Issuing Entity, the Indenture Trustee and the Owner Trustee on or before March 15 of each year, beginning March 15, 2016 (or if such day is not a Business Day, the next succeeding Business Day), a report (the “Report of Assessment of Compliance with Servicing Criteria”) delivered to the Board of Directors of the Servicer and to the Indenture Trustee and the Owner Trustee that satisfies the requirements of Rule 13a-18 or Rule 15d-18 under the Exchange Act and Item 1122 of Regulation AB, as applicable, on the assessment of compliance with Servicing Criteria with respect to the prior calendar year. The certificates and reports referred to in Section 4.01(a), Section 4.01(b) and this Section 4.02(a) shall be delivered within 120 days after the end of each calendar year if the Issuing Entity is not required to file periodic reports under the Exchange Act or any other law, beginning April 30, 2017.

  • Report on Assessment of Compliance and Attestation (a) On or before March 1 of each calendar year, commencing in 2007, the Servicer shall:

Time is Money Join Law Insider Premium to draft better contracts faster.