Notice 5 Feb 2025 banking, federal reserve, compliance, regulation, insurance

🏦Federal Reserve Board Approves Extension of Regulation H Disclosures

The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision the Disclosure Requirements in Connection with Regulation H (Consumer Protection in Sales of Insurance) (FR H-7; OMB No. 7100-0298).

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Regulatory Compliance, Professional Events 31 Jan 2025 farm credit, insurance, virginia, regulatory meeting, board of directors

📅Notice of Farm Credit System Insurance Corporation Board Meeting

Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC), is hereby given in accordance with the provisions of the Bylaws of the FCSIC.

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Regulatory Requirement, Financial Assistance 21 Jan 2025 regulatory compliance, insurance, export, export-import bank, application

📑Comment Request for EXIM Short-Term Export Credit Insurance Application

The Export-Import Bank of the United States (EXIM), as a part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal Agencies to comment on the proposed information collection, as required by the Paperwork Reduction Act of 1995.

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Regulatory Requirements, Healthcare Compliance 16 Jan 2025 insurance, healthcare, centers for medicare and medicaid services, compliance, medicaid

📋Medicaid and CHIP Information Collection

On May 28, 2010, the Office of Management and Budget (OMB) issued Paperwork Reduction Act (PRA) guidance related to the "generic" clearance process. Generally, this is an expedited process by which agencies may obtain OMB's approval of collection of information requests that are "usually voluntary, low-burden, and uncontroversial collections," do not raise any substantive or policy issues, and do not require policy or methodological review. The process requires the submission of an overarching plan that defines the scope of the individual collections that would fall under its umbrella. This Federal Register notice seeks public comment on one or more of our collection of information requests that we believe are generic and fall within the scope of the umbrella. Interested persons are invited to submit comments regarding our burden estimates or any other aspect of this collection of information, including: the necessity and utility of the proposed information collection for the proper performance of the agency's functions, the accuracy of the estimated burden, ways to enhance the quality, utility and clarity of the information to be collected, and the use of automated collection techniques or other forms of information technology to minimize the information collection burden.

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Regulatory Compliance, Financial Assistance 15 Jan 2025 regulatory compliance, erisa, employee benefits, insurance, pension plans, mskcc

💼MSKCC Secures Exemption for Enhanced Pension Benefits

This document contains a notice of exemption issued by the Department of Labor (the Department) from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) and/or the Internal Revenue Code of 1986 (the Code). This exemption permits the reinsurance of risks and the receipt of a premium by MSK Employee Benefits IC (MSK EB or the Captive), a captive insurance and reinsurance subsidiary that is wholly-owned by MSKCC, in connection with a single premium group insurance contract sold by an unrelated fronting insurer (the Fronting Insurer or the Fronter) to provide pension annuities to participants and beneficiaries in the Memorial Sloan Kettering Cancer Center Pension Plan (the Plan). The relief provided in the exemption will only be available if the conditions in Section III are met in conformance with the definitions in Section I.

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Regulation, Compliance 15 Jan 2025 compliance, healthcare, regulations, hhs, insurance, risk adjustment, affordable care act

🏥Key Business Implications of HHS 2026 Health Regulations

This final rule includes payment parameters and provisions related to the HHS-operated risk adjustment and risk adjustment data validation (HHS-RADV) programs, as well as 2026 benefit year user fee rates for issuers that participate in the HHS-operated risk adjustment program and the 2026 benefit year user fee rates for issuers offering qualified health plans (QHPs) through Federally-facilitated Exchanges (FFEs) and State-based Exchanges on the Federal platform (SBE-FPs). This final rule also includes requirements related to modifications to the calculation of the Basic Health Program (BHP) payment; and changes to the Initial Validation Audit (IVA) sampling approach and Second Validation Audit (SVA) pairwise means test for HHS-RADV. It also addresses HHS' authority to engage in compliance reviews of and take enforcement action against lead agents of insurance agencies for violations of HHS' Exchange standards and requirements; HHS' system suspension authority to address noncompliance by agents and brokers; an optional fixed-dollar premium payment threshold; permissible plan-level adjustment to the index rate to account for cost-sharing reductions (CSRs); reconsideration standards for certification denials; changes to the approach for conducting Essential Community Provider (ECP) certification reviews; a policy to publicly share aggregated, summary- level Quality Improvement Strategy (QIS) information on an annual basis; and revisions to the medical loss ratio (MLR) reporting and rebate requirements for qualifying issuers that meet certain standards.

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Regulations, Compliance 10 Jan 2025 agriculture, government contracts, transportation, government procurement, customs duties and inspection, imports, administrative practice and procedure, reporting and recordkeeping requirements, motor vehicle safety, employment, aliens, intergovernmental relations, penalties, law enforcement, motor vehicles, immigration, investigations, housing, business regulations, whistleblowing, health, airmen, civil penalties, trade agreements, inflation adjustments, insurance, department of labor, surety bonds, employee benefit plans, health insurance, construction industry, labor, monetary penalties, housing standards, wages, watches and jewelry, black lung benefits, indians-arts and crafts, labor management relations, lie detector tests, minimum wages, migrant labor, child labor, labor compliance, longshore and harbor workers, mine safety and health, homeworkers, miners, mines, teachers, maternal and child health, workers' compensation, occupational safety and health, clothing

💼2025 Federal Civil Penalties Inflation Adjustment - Labor Impact

The U.S. Department of Labor (Department) is publishing this final rule to adjust for inflation the civil monetary penalties assessed or enforced by the Department, pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990 as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Inflation Adjustment Act). The Inflation Adjustment Act requires the Department to annually adjust its civil money penalty levels for inflation no later than January 15 of each year. The Inflation Adjustment Act provides that agencies shall adjust civil monetary penalties notwithstanding section 553 of the Administrative Procedure Act (APA). Additionally, the Inflation Adjustment Act provides a cost- of-living formula for adjustment of the civil penalties. Accordingly, this final rule sets forth the Department's 2025 annual adjustments for inflation to its civil monetary penalties.

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Regulatory Notice 8 Jan 2025 insurance, fema, hartford county, regulatory withdrawal, flood hazard

🚫FEMA Withdraws Proposed Flood Hazard Determinations in Hartford County

The Federal Emergency Management Agency (FEMA) is withdrawing its proposed notice concerning proposed flood hazard determinations, which may include the addition or modification of any Base Flood Elevation, base flood depth, Special Flood Hazard Area boundary or zone designation, or regulatory floodway (herein after referred to as proposed flood hazard determinations) on the Flood Insurance Rate Maps and, where applicable, in the supporting Flood Insurance Study reports for Hartford County, Connecticut (All Jurisdictions).

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Regulatory Compliance, Economic Development 8 Jan 2025 regulatory compliance, business implications, texas, insurance, fema, flood hazard, nfip

🌊Proposed Flood Hazard Determinations and Business Implications

Comments are requested on proposed flood hazard determinations, which may include additions or modifications of any Base Flood Elevation (BFE), base flood depth, Special Flood Hazard Area (SFHA) boundary or zone designation, or regulatory floodway on the Flood Insurance Rate Maps (FIRMs), and where applicable, in the supporting Flood Insurance Study (FIS) reports for the communities listed in the table below. The purpose of this notice is to seek general information and comment regarding the preliminary FIRM, and where applicable, the FIS report that the Federal Emergency Management Agency (FEMA) has provided to the affected communities. The FIRM and FIS report are the basis of the floodplain management measures that the community is required either to adopt or to show evidence of having in effect in order to qualify or remain qualified for participation in the National Flood Insurance Program (NFIP).

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Compliance, Regulatory Requirements 6 Jan 2025 employee benefits, erisa, insurance, business regulations, department of labor, compliance

📄Compliance Notice

The Department of Labor (the Department), in accordance with the Paperwork Reduction Act, provides the general public and Federal agencies with an opportunity to comment on proposed and continuing collections of information. This helps the Department assess the impact of its information collection requirements and minimize the public's reporting burden. It also helps the public understand the Department's information collection requirements and provide the requested data in the desired format. The Employee Benefits Security Administration (EBSA) is soliciting comments on the extension of the information collection requests (ICRs) contained in the documents described below. A copy of the ICRs may be obtained by contacting the office listed in the ADDRESSES section of this notice. ICRs also are available at reginfo.gov (https://www.reginfo.gov/public/do/PRAMain).

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