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New York Says Less Than 10% Ownership Is Not a Safe Harbor

On April 19, 2022, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 5, reminding owners and potential purchasers of shares of insurance companies that acquiring less than 10% of the company’s...more

Washington State Cracking Down on Insurance Review Websites and Their Producer/Insurer Partners

Washington State Insurance Commissioner Mike Kreidler released Technical Assistance Advisory 2021-01 (Advisory) on February 19, 2021, summarizing current Washington State law and taking a very conservative view on what...more

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