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Concepts

Concepts are a collection of terms that uses the advanced search capability in order to quickly keep track of different areas in the regulatory landscape.

These are the concepts currently available on our platform:

Export CSV (last updated 09/23/23)
Concept ID Meta-Concept Name Definition
1 Licensing Collection Agency Many states license debt collection agencies to protect the public from abusive practices and to create minimum standards of operation. Licenses are generally required when an agency plans to collect debts from residents of a state. Each state may have different laws and requirements in this regard.
10 Operational Reporting Requirements All industries have to comply with national and/or international financial reporting requirements depending upon the reporting regime they come under. This includes not only financial reporting requirements but also tight deadlines to provide reporting to regulatory agencies, debt holders, investors, and other key stakeholders. Timely financial reports provide insight for investors, creditors and other stakeholders to get an idea of the company’s creditworthiness and financial integrity. This helps them make rational decisions on lending or investing in the company.
100 Operational Risk Management Publications Documents issued by relevant agencies, entities or organizations to communicate relevant information to the public pertaining to management of operational and financial risk by institutions including but not limited to risk of loss due to errors, breaches, interruptions or damages, credit risk, market risk and liquidity risk.
101 Privacy Internet Privacy Legislation Laws and regulations pertaining to the vast range of technologies, protocols and concepts related to giving individual users or other parties more privacy protections in their use of the internet. Internet privacy takes many forms, including mandatory privacy statements on websites, data sharing controls, data transparency initiatives and more.
102 Privacy Internet Privacy Publications Documents issued by relevant agencies, entities or organizations to communicate relevant information to the public pertaining to giving individual users or other parties more privacy protections in their use of the internet. It covers the amount of online security available for personal and financial data, communications, and preferences.
103 BSA/AML Financial Crimes Legislation Documents with a set of rules and regulations that are indispensable and must be followed pertaining to money laundering, terrorist financing and violations of the Bank Secrecy Act.
104 BSA/AML Financial Crimes Guideline Documents published to help explain programs and policies and communicate other important information to regulated entities and the public pertaining to money laundering, terrorist financing and violations of the Bank Secrecy Act.
105 BSA/AML Financial Crimes Regulation Documents embodying rules and regulations pertaining to money laundering, terrorist financing and violations of the Bank Secrecy Act.
106 BSA/AML Financial Crimes Notices Documents published to notify the public on regulatory updates related to pertaining to money laundering, terrorist financing and violations of the Bank Secrecy Act.
107 BSA/AML Financial Crimes Research Document issued by an agency, entity or organization to communicate relevant research findings, discussions, views, reports and policy change suggestions pertaining to money laundering, terrorist financing and violations of the Bank Secrecy Act.
11 Operational Marketing/Advertising Legislation and regulations pertaining to advertising, marketing, and telemarketing by insurance companies; Includes Do Not Call programs - state or federal programs permitting individuals to opt out of receiving phone call, emails or faxes under certain circumstances; Restrictions on when companies are permitted to call or contact customers or prospects.
110 FinTech FinTech News Documents that comprise of news updates pertaining to the delivery of financial services through technology and innovation in the FinTech industry.
12 Mortgage Lending Appraisals Real estate appraisals are used whenever a mortgage is involved in buying, selling or refinancing a property.
13 Insurance Appraisals The valuation of property performed by a third party for accessing the coverage amount for protection of assets and also helps insurer compensate the insured the replacement value of assets.
134 BSA/AML Compliance Legislation Legislation related to AML and financial crimes.
135 BSA/AML Compliance Guidance This concepts filters for documents related to AML, financial crimes, and financial violations
136 BSA/AML Compliance Regulations This concept filters for regulations related to AML Compliance.
137 BSA/AML Compliance Notice This concept filters for regulatory notices related to AML Compliance.
138 BSA/AML Compliance Research This concept filters for research documents related to AML Compliance.
14 Corporate Compliance Bank Holding Companies Provides guidance for conducting inspections of bank holding companies and their non-bank subsidiaries to ascertain whether financial strength of the bank holding company is being maintained and to determine effects of transactions between holding company or its non-banking subsidiaries and its subsidiary banks.
143 Corporate Compliance Transactions Thresholds This concept filters for documents dealing with transaction threshold regulations.
15 Corporate Compliance Compliance Management Compliance management ensures that an organization’s policies and procedures align with a specific set of rules based on legal, regulatory, and industry standards. Effective corporate compliance management covers internal policies and rules and federal and state laws.
151 Credit Card Credit Card Regulations This concept filters for credit card regulations.
152 Credit Card Credit Card Notices This concepts filters for regulatory notices related to credit cards.
16 Lending Credit Reporting Credit reports play a pivotal role in decisions to grant credit - including mortgage loans, auto loans, credit cards, and private student loans including by information contained in credit reports as part of the lending decision. These reports are also used in other spheres of decision-making, including eligibility for rental housing, setting premiums for auto and homeowners insurance etc. As the range and frequency of decisions that rely on credit reports have increased, so has the importance of assuring the accuracy of these reports.
17 Mortgage Lending Credit Reporting Credit reports play a pivotal role in decisions to grant credit - including mortgage loans, auto loans, credit cards, and private student loans including by information contained in credit reports as part of the lending decision. These reports are also used in other spheres of decision-making, including eligibility for rental housing, setting premiums for auto and homeowners insurance etc. As the range and frequency of decisions that rely on credit reports have increased, so has the importance of assuring the accuracy of these reports.
173 Insurance Auto Insurance All documents related to auto insurance.
174 Insurance Life Insurance All documents related to life insurance.
175 Insurance Health Insurance All documents related to health insurance.
176 Insurance Disability Insurance All documents related to disability insurance.
177 Insurance Dental Insurance All documents related to dental insurance.
178 Insurance General Liability Insurance All documents related to general liability insurance.
179 Insurance Tort Settlement All documents related to settlement of tort claims, from any agency.
18 Credit Card Credit Reporting Credit reports play a pivotal role in decisions to grant credit - including mortgage loans, auto loans, credit cards, and private student loans including by information contained in credit reports as part of the lending decision. These reports are also used in other spheres of decision-making, including eligibility for rental housing, setting premiums for auto and homeowners insurance etc. As the range and frequency of decisions that rely on credit reports have increased, so has the importance of assuring the accuracy of these reports.
19 Deposits Overdrafts An overdraft occurs when an account lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway. The overdraft allows the customer to continue paying bills even when there is insufficient money. Essentially, it's an extension of credit and the account holder pays interest on it and will typically be charged a one-time insufficient funds fee.
196 Tax Tax This concepts filters for documents related to taxes and taxation.
197 Employment Employment This concept filters for documents related to labor and employment regulations and issues.
2 Licensing Debt Management The management of debt is a growing industry. State regulators have responded by expanding debt management licensure requirements or creating new license requirements for debt management companies.
20 Lending Disaster Recovery Disaster recovery is a subset of business continuity. It involves a set of policies, tools and procedures to enable the recovery or continuation of vital technology infrastructure and systems following a natural or human-induced disaster. An effective disaster recovery plan for a financial institution needs to ensure not only business continuity but also the protection of sensitive data.
21 Mortgage Lending Disaster Recovery Disaster recovery is a subset of business continuity. It involves a set of policies, tools and procedures to enable the recovery or continuation of vital technology infrastructure and systems following a natural or human-induced disaster. An effective disaster recovery plan for a financial institution needs to ensure not only business continuity but also the protection of sensitive data.
22 Operational Employment/HR Documents relating to rules, regulations, guidelines, agency updates, news updates in relation to human resources.
23 Corporate Compliance Fair Banking Laws and regulations pertaining to the prohibition of discrimination in credit transactions and fair access to banking.
25 FinTech FinTech The synergy between finance and technology that aims to compete with traditional financial methods in the delivery of financial services. FinTech is an emerging industry that uses technology to improve activities in finance.
26 Operational Risk Includes the risk of loss resulting from loss due to errors, breaches, interruptions or damages, either intentional or accidental, caused by people, internal processes, systems or external events. Financial risk includes credit risk, market risk and liquidity risk.
27 Trusts Vulnerable Person Abuse It includes illegal or improper use of a vulnerable person's money, property, or other resources for monetary or personal benefit, profit or gain.This includes, but is not limited to, theft, misappropriation, concealment, misuse or fraudulent deprivation of money or property belonging to the elderly or adult with a disability including but not limited to incapacity, mental illness, mental deficiency, physical illness or disability, advanced age, chronic use of drugs, chronic intoxication, or confinement is unable to meet their own needs. The financial abuse of older and vulnerable adults can drain estates of assets and prevent beneficiaries under wills and trusts from receiving their inheritance. This includes having money or other property stolen, being defrauded, being put under pressure in relation to money or other property and having money or other property misused.
28 Operational Vulnerable Person Abuse It includes illegal or improper use of a vulnerable person's money, property, or other resources for monetary or personal benefit, profit or gain. This includes, but is not limited to, theft, misappropriation, concealment, misuse or fraudulent deprivation of money or property belonging to the elderly or adult with a disability including but not limited to incapacity, mental illness, mental deficiency, physical illness or disability, advanced age, chronic use of drugs, chronic intoxication, or confinement is unable to meet their own needs. The financial abuse of older and vulnerable adults can drain estates of assets and prevent beneficiaries under wills and trusts from receiving their inheritance. This includes having money or other property stolen, being defrauded, being put under pressure in relation to money or other property and having money or other property misused.
3 Licensing Insurance Each state sets its own requirement for lines of authority, different types of insurance you might sell as an agent. Insurance law in different states might classify life insurance, accident and health insurance, property insurance and casualty insurance as separate lines of authority. Insurance licenses for each line are separate, unless the state allows to bundle some of them together.
32 Securities Insiders Insider is a term describing a director or senior officer of a publicly traded company, as well as any person or entity, that beneficially owns more than 10% of a company's voting shares.
33 Corporate Compliance Escrow The law requires most creditors to maintain an escrow account for higher-priced mortgage loans. Usually, State law determines the required escrow documentation and law, but if Federally regulated financial institutions are involved, Federal law can apply and also as to transactions involving interstate commerce.
34 Insurance Flood Insurance Legislation and regulation pertaining to flood insurance, including Write Your Own (WYO) program; notices to policyholders regarding availability of flood coverage, settlement guidelines or practices.
35 Lending Flood Insurance Flood insurance is often required by mortgage lenders when properties are located in federally designated high-risk flood zones or floodplains. Flood insurance is a separate policy from homeowners insurance, which doesn't typically cover damage or destruction by floods.
36 Corporate Compliance Annual Thresholds Annual Threshold means the actual annual aggregate requirements of a company, as reflected by the company’s records of the number of product units ordered from vendors, or manufactured by the company itself, during the calendar year.
37 Mortgage Lending Disclosure Lenders must provide a Truth in Lending disclosure statement that includes information about the amount of loan, the annual percentage rate, finance charges (including application fees, late charges, prepayment penalties), a payment schedule and the total repayment amount over the lifetime of the loan.
38 Mortgage Lending Licensing Refers to license required by an entity making a mortgage loan for compensation or gain, directly or indirectly, or selling or offering to sell a mortgage loan to a non-institutional investor.
39 Mortgage Lending Advertising This includes regulation of information and commercial communications in the mortgage industry relating to mortgage credit products shared by lenders, realtors, licensees, and contractors such as information about rates, programs, terms, financing etc.
390 Insurance Corporate Governance Legislation and regulations pertaining to the operation of a large insurer; Includes bylaws, Board of Directors, fiduciary duties and responsibilities, data retention, licensing of corporate entities, and licensing of agencies.
391 Insurance COVID-19 Legislation and regulations pertaining to Property and Casualty Insurance rules in relation to COVID-19/Coronavirus.
392 Insurance Group Insurance Legislation and regulation pertaining to ability of individuals to get together for the purpose of buying insurance based on a shared attribute.
393 Insurance Liens/Medicaid Legislation and regulations pertaining to liens and recovery costs when any public or private benefits are collected by the lienholder or person in debt.
394 Insurance Outsourcing Legislation and regulations pertaining to the use and oversight of affiliate service providers and third-party vendors/contractors by insurance companies. This includes standards for contract provisions, business continuity/contingency planning, ongoing monitoring, and reporting.
395 Insurance Producer Issues Insurance producers are licensed to sell and negotiate life, health, property, or other types of insurance offered by an insurance company. This includes documents pertaining to producer and adjuster compensation, licensing, and appointments such as requirements for producers/adjusters to inform or disclose to clients the amount of commissions or other compensation paid to the agent as well as anything related to licensing requirements for non-resident or resident producers/adjusters; fingerprinting or education requirements; agent license fees, etc.
396 Insurance Reciprocal Insurers Reciprocal insurance exchanges are a form of insurance organization in which individuals and businesses exchange insurance contracts and spread the risks associated with those contracts among themselves. Policyholders of a reciprocal insurance exchange are referred to as subscribers. This is a means of protecting each other against losses of specified kinds.
397 Insurance Reinsurance Reinsurance is insurance that is purchased by an insurance company from another insurance company (reinsurer) as a means of risk management. The reinsurer and the insurer enter into a reinsurance agreement which details the conditions upon which the reinsurer would pay the insurer's losses.
398 Insurance Residual Market These are insurance market systems for various lines of coverage that serve as a coverage source of last resort for firms and individuals who have been rejected by voluntary market insurers. Includes documents pertaining to assigned risk plans, reinsurance facilities, FAIR plans, wind pools, catastrophe funds, reinsurance facilities etc.
399 Insurance Litigation Issues Legislation and regulations pertaining to civil procedure, litigation process rules and procedures and litigation funding i.e., regulation of companies that provide cash to plaintiffs in exchange for repayment with interest from the proceeds of a lawsuit. This also includes action for Tort Wrongful Death.
4 Insurance Insurance Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
40 Mortgage Lending Mortgage Assistance and Relief The Federal Trade Commission (FTC), has issued a Rule to curb unfair and deceptive practices associated with mortgage assistance relief services. The Rule makes it illegal to charge upfront fees and requires specific disclosures in ads and recordkeeping requirements on companies and individuals.
400 Insurance Unclaimed Property Tangible or intangible property that has remained unclaimed by its owner for an extended period of time/such property inures to the benefit of the state in which the owner was last known to resident.
401 Insurance - Advertising Advertising Legislation and regulations pertaining to advertising, marketing, and telemarketing by insurance companies, including but not limited to Do Not Call programs - state or federal programs permitting individuals to opt out of receiving phone call, emails or faxes under certain circumstances, restrictions on when companies are permitted to call or contact customers or prospects.
402 Insurance - Advertising Gifting/Rebating Legislation and regulations pertaining to advertising, marketing, and telemarketing by insurance companies of gifts and rebates or other such discounts to help increase new business or retain insurance policies.
403 Insurance - Advertising Liability Coverage Legislation and regulations pertaining to advertising, marketing, and telemarketing by insurance companies of insurance plans in relation to the amount of risk or liability that is covered for an individual or entity by way of insurance services.
404 Insurance - Advertising Mandatory Disclosures Legislation and regulations requiring mandatory disclosure of information and filing of ads, disclaimers which should be part of insurance advertisements, product combination ads, etc., applicable to any insurance company publishing advertisements in print or through electronic media.
405 Insurance - Advertising Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed laws relating to the distribution of products to consumers. This includes complaint handling standards and requirements, complaint log and associated requirements, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
406 Insurance - Advertising Military Legislation and regulations pertaining to advertising, marketing, and telemarketing by insurance companies while a member is located on a military installation, on active duty assignment, deployed or veteran.
407 Insurance - Advertising Sales Practices Legislation and regulations dealing with the relationship between insured and insurers. This includes commission, award contests, illegal inducements, tying, collateral business and unfair trade practices.
408 Insurance - Advertising Trade Practices Legislation and regulations pertaining to measures that address unfair or deceptive trade practices related to insurance advertising and marketing. This includes but is not limited to misrepresentation of benefits, conditions, or policy advantages, making false or misleading statements, providing false information, coercion or intimidation tactics, unfair discrimination, providing prohibited sales inducements or rebates and failure to disclose.
409 Insurance - Advertising Credit Scoring Legislation and regulations pertaining to procedures that prohibit, regulate, or restrict the use of credit or insurance scores for purposes of insurance advertising and marketing including but not limited to factors such as occupation and education.
41 Mortgage Lending Foreclosure Foreclosure is a legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it. It usually occurs when a homeowner is no longer able to make mortgage payments as required or when the borrower fails to meet other terms in the mortgage document.
410 Insurance - Advertising E-Commerce Legislation and regulations permitting and setting requirements for notarizing documents electronically. This includes but is not limited to federal e-sign, insurance e-sign, state UETA.
411 Insurance - Claims Claims Legislation and regulations related to insurance claims, or a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.
412 Insurance - Claims Civil Unions This refers to general civil unions and same gender marriage regulations which impact claims practices in an insurance policy.
413 Insurance - Claims Age of Majority Legislation and regulations pertaining to the age of adulthood as it relates to a claim under an insurance policy.
414 Insurance - Claims Tort Exclusion Legislation and regulations dealing with the exclusion of tort claims from an insurance policy.
415 Insurance - Claims Attorney Fees Laws and regulations related to attorney fees and fees incurred by policyholders in relation to an insurance claim or dispute.
416 Insurance - Claims Auto Damages Legislation and regulations pertaining to the claims process during the aftermath of physical damages to an automobile sustained in an accident. This includes appraisals, estimates, labor rates, direct repair, total losses or salvage etc.
417 Insurance - Claims Bad Faith Legislation and regulations defining or pertaining to bad faith conduct by an insurance company related to insurance claims.
418 Insurance - Claims Bailment Bailment represents a legal relationship wherein the temporary physical possession of a personal property is transferred from one individual to another individual who will subsequently get the property’s possession but not the entire ownership for a specific period of time. This includes legislation and regulations related to insurance claims wherein such property is in possession of the bailee.
419 Insurance - Claims CAT Issues A CAT bond allows the issuer to receive funding only on the occurrence of certain natural disasters. This includes legislation and regulations pertaining to catastrophe claims reporting and CAT claims.
42 Mortgage Lending Mortgage Broker Registration In order to operate a mortgage brokerage business, the mortgage broker must be licensed. The licensing and registration requirements differ from state to state. Includes rules, procedures and licensing requirements in different states.
420 Insurance - Claims Claim Settlement Legislation and regulations pertaining to the prompt resolution and payment of insurance claims. This includes but does not limit to legislation and regulations that requires insurance companies to simplify the claims filing and processing procedures and legislation related to the settlement of claims submitted for injuries, property damage, PIP or Medical Payments.
421 Insurance - Claims Damage Caps Legislation and regulations that limit the amount of money that can be awarded for certain kinds of damages such as non-economic and punitive damages in a case.
422 Insurance - Claims Depreciation Depreciation decreases the value of property over a period of time as result of age, wear and tear, or economic obsolescence. Depreciation leads to diminishing the value of the insured property and the insurance claims are paid only after deducting the depreciated value from the insured property.
423 Insurance - Claims Direct Action These include legislations that grant an injured party direct standing to sue an insurer instead of the insured tortfeasor in relation to an insurance claim.
424 Insurance - Claims Dry Wall This includes insurance claims specific to dry wall structures. A dry wall insurance is common for contractor businesses to protect from liability when using foreign dry wall in the construction or repair of structures.
425 Insurance - Claims Family Exclusions Legislation and regulations pertaining to precluding coverage for claims made by one insured family member against another insured family member.
426 Insurance - Claims Fraud Legislation and regulations pertaining to deception used to cheat or intentionally mislead in the payment of an insurance claim.
427 Insurance - Claims Injury Claims Legislation and regulations pertaining to insurance claims arising out of personal injuries sustained as a result of an auto accident.
428 Insurance - Claims Large Losses Legislation and regulations pertaining to the treatment of large losses in claims handling process.
429 Insurance - Claims Liens Legislation and regulations related to a legal claim that an insurance company has over settlement claims after paying the injured party’s bills.
43 Mortgage Lending Mortgage Insurance An insurance policy which protects a lender or titleholder by compensating lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan including if the borrower defaults on payments, passes away, or is otherwise unable to meet the contractual obligations of the mortgage.
430 Insurance - Claims Loss Settlement This includes insurance claims including but not limited to loss of use, funeral services, emergency services, deductibles, wages, water mitigation, offsets, primacy of coverage, no coverage, government recovery, wrongful death/survival, contractors estimates, loss of consortium etc.
431 Insurance - Claims Mandatory Disclosures Includes legislation and regulations requiring information to be sent to policyholders separately or as part of the policy regarding coverage options available, explanations of coverage, mortgagee requirements, or cost of options available, surcharges, certificates of insurance etc. as mandated by law.
432 Insurance - Claims Marital Status Legislation and regulations pertaining to general marital status regulations which impact claims practices.
433 Insurance - Claims Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed laws relating to the settlement of claims. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
434 Insurance - Claims Military Legislation and regulations pertaining to settlement of insurance claims while a member is located on a military installation, on active duty assignment, deployed or veteran.
435 Insurance - Claims Misrepresentation Standards Legislation and regulations laying down the minimum standards necessary to determine misrepresentation of insurance claims.
436 Insurance - Claims Negligence This includes claims arising from liability for failing to demonstrate the appropriate amount of care or responsibility owed in a situation.
437 Insurance - Claims No-Fault Coverage Also known as Personal Injury Protection (PIP) and Medical Payments. This includes legislation and regulations pertaining to first party benefits payable under auto policies without regard to fault.
438 Insurance - Claims Offer of Judgment Legislation and regulations related to a claim settlement offer by one party to allow a specified judgment to be taken against the party.
439 Insurance - Claims Offer of Settlement Legislation and regulations related to an offer by one party to settle a dispute amicably to avoid or end a lawsuit or other legal action.
44 Consumer Privacy Data Security Involves handling and protection of the sensitive personal information provided by customers in the course of everyday transactions. Data Security protects data from compromise by external attackers and malicious insiders.
440 Insurance - Claims Power of Attorney Legislation and regulations pertaining to the use of written authorization to represent or act on another’s behalf in an insurance claim matter.
441 Insurance - Claims Pre/Post Judgment Legislation and regulations related to any actions or proceedings that occur either from the time of injury or damage until the time a judgment is entered, or after the case is finalized and a judgment has been entered.
442 Insurance - Claims Property Claims Legislation and regulations pertaining to claims to repair or replace value calculations, valued policy, etc.
443 Insurance - Claims Property Claims Liability Legislation and regulations pertaining to liability claims under a property insurance policy.
444 Insurance - Claims Safety Includes legislation and regulations pertaining to responsibilities on insurers in relation to building code construction standards designed to mitigate damage or loss to real property, cell phone or texting requirements that limit, ban or fine vehicle operators for using cell phones or texting under certain circumstances, loss prevention efforts, the use of recycled or recovered airbags by auto repair shops, etc.
445 Insurance - Claims Salvage Legislation and regulations pertaining to damaged property an insurer takes over to reduce its loss after paying a claim, including any salvage charges associated with recovering that property.
446 Insurance - Claims Sinkhole Laws and regulations pertaining to the policy claims against a depression in the surface of the ground caused by the sudden collapse due to weakening of the land’s surface layer.
447 Insurance - Claims Statute of Limitations Legislation and regulations prescribing the period within which certain types of causes of action for insurance claims must be brought. This includes but does not limit to Fraud, PIP, Property Damage, Wrongful Death, Active Duty Military.
448 Insurance - Claims Subrogation Legislation and regulations pertaining to the insurer’s right to recover payments and recovery of a client’s deductibles.
449 Insurance - Claims Total Loss Legislation and regulations pertaining to claims where the repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective.
45 Consumer Privacy Disclosure Financial institutions must notify their customers about their information-sharing practices and tell consumers of their right to "opt-out" if they don't want their information shared with certain nonaffiliated third parties. In addition, any entity that receives consumer financial information from a financial institution may be restricted in its reuse and redisclosure of such information.
450 Insurance - Claims Trade Practices Legislation and regulations pertaining to measures that address unfair or deceptive trade practices related to insurance. This includes but is not limited to making false or misleading statements, providing false information in relation to an insurance claim.
451 Insurance - Claims UM/UIM This refers to uninsured or underinsured motorists claims to cover medical bills and the cost to repair or replace the vehicle if an insured is hit by a driver who is uninsured or underinsured.
452 Insurance - Coverage Coverage Legislation and regulations pertaining to the amount of risk or liability that is covered for an individual or an entity by way of insurance services.
453 Insurance - Coverage Actual Cash Legislation and regulations that pertains to coverage for the replacement cost or rebuilding cost less depreciation, depending on the policy form or endorsement used and jurisdictional rules.
454 Insurance - Coverage Auto Damages Legislation and regulations pertaining to insurance coverage due to the aftermath of physical damages to an automobile sustained in an accident. This include appraisals, estimates, labor rates, actions that restrict or ban in the use of “aftermarket auto parts” in lieu of Original Equipment Manufacturer (OEM) parts, direct repair restrictions on use of preferred auto and glass repair facilities and any action regulating storage, title, total losses or salvage.
455 Insurance - Coverage Compulsory Insurance Legislation and regulations pertaining to any type of insurance an individual or business is legally required to buy on the basis of state based compulsory coverage requirements.
456 Insurance - Coverage Deductibles Legislation and regulations pertaining to the portion of a covered loss that is not paid by the insurer.
457 Insurance - Coverage Exclusions Legislation and regulations pertaining to full or partial insurance policy coverage exclusions.
458 Insurance - Coverage Insured To Value The proper amount of insurance coverage of a home is determined by the home’s characteristics which is used to establish the minimum estimated cost to rebuild such home.
459 Insurance - Coverage Mandatory Coverages Legislation and regulations pertaining to requirement of mandatory disclosures by the insurer regarding policy coverage requiring information to be sent to policyholders regarding coverage options available, explanations of coverage, mortgagee requirements, or cost of options available, surcharges.
46 Consumer Privacy Privacy Notice A privacy notice is a public document from an organization that explains how that organization collects, processes, retains and discloses personal information and how it applies data protection principles.
460 Insurance - Coverage Mandatory Disclosures Legislation and regulations requiring an insurer to provide certain coverages as prescribed under law.
461 Insurance - Coverage Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed laws relating to the insurance policy coverage. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
462 Insurance - Coverage Military Legislation and regulations pertaining to coverage offerings while a member is located on a military installation, on active duty assignment, deployed or veteran.
463 Insurance - Coverage Minimum Limits Legislation and regulations requiring an insurer to provide a minimum limit of certain coverages.
464 Insurance - Coverage No-Fault Coverage Also known as Personal Injury Protection (PIP) and Medical Payments. Legislation and regulations pertaining to first party benefit coverage under auto policies without regard to fault.
465 Insurance - Coverage Optional Coverages Legislation and regulations related to any optional coverages an insurer may offer or be required to provide.
466 Insurance - Coverage Other Structures Legislation and regulations pertaining to coverage for the structures on a residence premises that are set apart from the dwelling by a clear space. These structures are also referred to as detached structures or appurtenant structures.
467 Insurance - Coverage Personal Computer Legislation and regulations that pertain to coverage for personal computers to include hardware and purchased software owned and leased by an insured.
468 Insurance - Coverage Replacement Cost Legislation and regulations that pertain to the replacement cost of an item without deduction for depreciation.
469 Insurance - Coverage Ride Share Ride share businesses involve the use of mobile applications through companies such as Uber and Lyft that connect people who need a ride with drivers to take them to their destination for a fee. The apps act as an intermediary between the riders and the drivers. These businesses may implicate situations in which the vehicle is a professional vehicle and also situations in which the driver is using their personal car. This includes policy coverage based on ride share arrangements such as personal vehicle, leased vehicle, professional transport agency etc.
47 BSA/AML Privacy Suspicious Activity Report (SAR) National banks are required to file a Suspicious Activity Report (SAR) when they detect a known or suspected violation of Federal law or a suspicious transaction related to a money laundering activity or a violation of the Bank Secrecy Act. The bank is required to file a SAR with the appropriate Federal law enforcement agencies and the Department of the Treasury on the form prescribed by the OCC and in accordance with the form's instructions. The bank shall also send the completed SAR to FinCEN in certain circumstances.
470 Insurance - Coverage Short Term Rentals Laws and regulations pertaining to coverage for property that is rented for periods of less than one month at a time.
471 Insurance - Coverage Sinkhole Laws and regulations pertaining to the policy coverage against a depression in the surface of the ground caused by the sudden collapse due to weakening of the land’s surface layer.
472 Insurance - Coverage UM/UIM This refers to coverage related to uninsured or underinsured motorists to cover medical bills and the cost to repair or replace the vehicle if an insured is hit by a driver who is uninsured or underinsured.
473 Insurance - Coverage Workers Compensation Legislation and regulations that pertain to coverage for workers compensation.
474 Insurance - Data CLUE Reports Legislation and regulations that prohibit, regulate, or restrict the ordering and utilization of third party reports such as Comprehensive Loss Underwriting Exchange (“CLUE”). CLUE report is typically leveraged to assist in determining the acceptability and rating in a policy and to include consumer disclosure and notification requirements.
475 Insurance - Data Consumer Reports Legislation and regulations pertaining to reports insurance companies may obtain about individual consumers including motor vehicle records (“MVR”) which show all violations, accidents, etc. and Comprehensive Loss Underwriting Exchange (“CLUE”) which keeps insurance claims history.
476 Insurance - Data Data Retention Legislation and regulations pertaining to the responsibilities of an insurer to maintain a system of record of data, documents, filed rates, forms, etc.
477 Insurance - Data DMV Data Legislation and regulations pertaining to when and how an insurance company can use DMV records on an insured.
478 Insurance - Data E-Commerce Legislation and regulations permitting and setting requirements for notarizing documents electronically. This includes but is not limited to federal e-sign, insurance e-sign, state UETA.
479 Insurance - Data Fair Credit Reporting Legislation and regulations laying down requirements, restrictions, and guidelines associated with credit reporting practices, as they apply to businesses who report to credit reporting agencies. This also includes measures placing restrictions or requirement on credit reporting agencies on the information that can be reported/excluded, access to credit report information and associated privacy issues, credit report freezes, processes related to removal of items on a credit report, inquiries, or the types of accounts that may be included on a report.
48 BSA/AML Data Security The increased emphasis on information sharing is accompanied by provisions requiring confidentiality and data security protocols. It is important for BSA/AML officers to develop effective plans for addressing and reporting on potentially adverse cyber-events. This includes appropriate frameworks for information sharing among financial institutions, their agents and service providers, their regulatory authorities, and law enforcement authorities.
480 Insurance - Data Information Security Legislation and regulations pertaining to unauthorized access and use of data regardless of whether it is in electronic or physical form. This includes requirements related to the confidentiality, integrity and availability of data for customer information, cyber security, data security standards, security training and threat awareness, data encryption and vulnerability management.
481 Insurance - Data Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed laws relating to the collection and use of data, and record keeping requirements. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
482 Insurance - Data Military Legislation and regulations pertaining to data collection and documents of an insured while a member is located on a military installation, on active duty assignment, deployed or veteran.
483 Insurance - Data Privacy Legislation and regulations pertaining to the collection, use, sharing, maintenance, storage, reporting, and privacy expectations of personally identifiable information collected from customers or obtained in the course of a business relationship. This includes Health Insurance Portability and Accountability Act (HIPAA), Insurance Information and Privacy Protection Model Act (IIPPA).
484 Insurance - Data Reporting Requirements Legislation and regulations that require insurers to report out financial, performance or process information or define the reporting methodology and standards.
485 Insurance - Data Security Breach Legislation and regulations pertaining to requirements related to notice to consumers or public officials or public entities as a result of an information breach, including all post-breach obligations arising out of the unintentional release of personal private consumer information that is released to the public or obtained through illegal means.
486 Insurance - Data Sinkhole Laws and regulations pertaining to use of data to ascertain risk against a depression in the surface of the ground caused by the sudden collapse due to weakening of the land’s surface layer.
487 Insurance - Data Social Security Legislation and regulations pertaining to when or how an insurer is allowed to use the social security number of an insured.
488 Insurance - Discrimination Age Legislation and regulations pertaining to the unjust or prejudicial treatment of people on the basis of age. This includes general age regulations as well as those which impact contract provisions, underwriting, pricing or claims practices.
489 Insurance - Discrimination Civil Unions Legislation and regulations pertaining to the unjust or prejudicial treatment of people on the basis of their civil union. This includes general civil unions and same gender marriage regulations as well as those which impact contract provisions, underwriting, or claims practices.
49 BSA/AML Information Sharing Laws and regulations established for procedures of information sharing between law enforcement and financial institutions to deter money laundering and terrorist activity under requirements of BSA and USA Patriot Act.
490 Insurance - Discrimination Disability Legislation and regulations pertaining to the unjust or prejudicial treatment of people on the grounds of disability. This includes general disability regulations as well as those which impact contract provisions, underwriting, pricing or claims practices.
491 Insurance - Discrimination Gender Legislation and regulations pertaining to the unjust or prejudicial treatment of people on the grounds of gender. This includes general gender regulations as well as those which impact contract provisions, underwriting, pricing or claims practices.
492 Insurance - Discrimination Marital Status Legislation and regulations pertaining to the unjust or prejudicial treatment of people on the grounds of their marital status. This includes general marital status regulations as well as those which impact contract provisions, underwriting, pricing or claims practices.
493 Insurance - Discrimination Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed laws relating to discrimination based gender, race, age, civil union etc. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
494 Insurance - Discrimination Military Legislation and regulations pertaining to unjust or prejudicial treatment while a member is located on a military installation, on active duty assignment, deployed or veteran.
495 Insurance - Discrimination New vs Renewal Legislation and regulations pertaining to differences in treatment of new business versus renewal business which can impact underwriting, pricing, documents, coverage and communications.
496 Insurance - Discrimination Non-Binary Gender Includes general non-binary gender laws and regulations as well as those which impact contract provisions, underwriting, or claims practices.
497 Insurance - Discrimination Trade Practices Legislation and regulations pertaining to measures that address unfair or deceptive trade practices related to prejudicial treatment of certain specific people relating to insurance policies. This includes but are not limited to making false or misleading statements, providing false information in relation to an insurance claim.
498 Insurance - Documents Declarations Page Legislation and regulations pertaining to certain requirements regarding information that must appear on the Declarations Page of an insurance policy. This includes but does not limit to font, color, readability, scoring requirements, document placement in a policy packet, delivery channel, and mailing requirements.
499 Insurance - Documents Document Delivery Legislation and regulations pertaining to the channel a policy holder elects to have their documents delivered to them.
5 Licensing Insurance Broker Insurance brokers are licensed insurance professionals representing consumers in their search for the best policy for their needs
50 BSA/AML Customer Due Diligence Customer Due Diligence enables the bank to understand the nature and purpose of customer relationships, which include understanding the types of transactions in which a customer is likely to engage. These processes assist the bank in determining when transactions are potentially suspicious.
500 Insurance - Documents Document Retention Legislation and regulations pertaining to how documents relating to an insurance policy will be managed from creation to destruction.
501 Insurance - Documents Form Requirements Legislation and regulations around the various forms used by insurers. These stipulate when forms may be required, requirements insurers must follow to apply for the use of a form, prohibited or restricted content, and/or content required to be included on a form.
502 Insurance - Documents Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed laws relating to the collection of documents, document record keeping requirements. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
503 Insurance - Documents Military Legislation and regulations pertaining to collection and storing of documents of an insured while a member is located on a military installation, on active duty assignment, deployed or veteran.
504 Insurance - Documents Outlines of Coverage Legislation and regulations pertaining to requirements of documents containing explanation of benefits, coverage, exclusions, and premiums to serve as a summary that are given to an applicant for insurance or to an existing policyholder with a brief description of the important features of a policy.
505 Insurance - Documents Power of Attorney Legislation and regulations pertaining to the use of written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter relating to insurance.
506 Insurance - Documents Proof of Insurance Legislation and regulations pertaining to the requirement for documents namely Proof of Insurance or Certificate of Insurance to include certain specific information and requirements such as font, color, and readability.
507 Insurance - Documents Returned Mail Legislation and regulations pertaining to returned, undelivered mail in relation to insurance for all channels.
508 Insurance - Documents Sinkhole Laws and regulations pertaining to the policy documents relating to coverage, premium, claims, underwriting risks against a depression in the surface of the ground caused by the sudden collapse due to weakening of the land’s surface layer.
509 Insurance - Documents UM/UIM This refers to coverage documents related to uninsured or underinsured motorists to cover medical bills and the cost to repair or replace the vehicle if an insured is hit by a driver who is uninsured or underinsured.
51 BSA/AML OFAC It is a department of the U.S. Treasury that is charged with enforcing economic and trade sanctions imposed by the U.S. against countries and groups of individuals. Sanctions have been imposed on those involved in foreign aggression, terrorist activities, and narcotics sales, among other acts.
510 Insurance - Filings Filings Legislation and regulations pertaining to forms, rules, rates, standards and information required in filings made to insurance regulators or required by insurance regulators. This includes annual filings of financial statements, actuarial certification of reserves, principle based reserves etc.
511 Insurance - Filings Certification Requirements Legislation and regulations pertaining to the certification process of rates and forms filings.
512 Insurance - Filings Checklists Legislation and regulations pertaining to checklists or instructions a state provides an insurance provider to support the filing of rates and forms.
513 Insurance - Filings Confidentiality Legislation and regulations pertaining to confidentiality of any rates and forms that are filed with the state by the insurance provider.
514 Insurance - Filings Cover Letter Legislation and regulations requiring the information submitted with rate and form filings to appear on the policy cover letter.
515 Insurance - Filings Deemer Provisions Legislation and regulations pertaining to the date that an insurer may begin using the filed product unless the state notified them otherwise.
516 Insurance - Filings Effective Date Legislation and regulations pertaining to the date the insurance filing has become or is scheduled to become effective.
517 Insurance - Filings E-Filing Requirements Legislation and regulations pertaining to the channel, method, or submission tool that insurance providers must use to file rates and forms.
518 Insurance - Filings Filing Fees Legislation and regulations pertaining to fees to be collected by the state from insurance providers to file rates and forms.
519 Insurance - Filings Filing Procedures Legislation and regulations pertaining to the procedure or instructions to file rates and forms.
52 Homeowners Insurance Insurance Policy Homeowners insurance is a package policy that covers both damage to property and liability or legal responsibility for any injuries and property damage policyholders or their families cause to other people. The different types of homeowners policies are fairly standard throughout the country, however, individual states and companies may offer policies that are slightly different. It includes but is not limited to damage from fire, smoke, theft, vandalism, a falling tree, or damage caused by weather. Most standard homeowners insurance policies also cover furniture, clothing, and other possessions.
520 Insurance - Filings Implementation Requirements Legislation and regulations pertaining to when rates and forms may be implemented.
521 Insurance - Filings Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed filing requirements. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
522 Insurance - Filings Military Legislation and regulations pertaining to filing requirements of an insured while a member is located on a military installation, on active duty assignment, deployed or veteran.
523 Insurance - Filings Option Form Requirements Legislation and regulations pertaining to the filing requirements of any optional or discretionary forms.
524 Insurance - Filings Me Too Filings Legislation and regulations pertaining to a filing that allows or prohibits one company to adopt another company’s filing.
525 Insurance - Filings Required Exhibits Legislation and regulations pertaining the required exhibits that should be included in rate and form filings. This can include but is not limited to side-by-side or marked up documents illustrating the change(s).
526 Insurance - Filings Required State Forms Legislation and regulations pertaining to the required state forms that are to be included in rate and form filings.
527 Insurance - Filings Supporting Documentation Legislation and regulations pertaining to any supporting documentation or information to be included in rate and form filing that may be required by the state.
528 Insurance - Filings Withdrawal Requirements Legislation and regulations pertaining to the requirements and procedures to withdraw rate and form filings.
529 Insurance - Premium/Renewal Premium/Renewal Legislation and regulations pertaining to insurance premium and billing, including but not limited to, timing and content of premium bills and notices; premium increases or reduction in coverage; modal premiums – where states may put out a requirement that affects how often premiums are paid; fees for modal payments, interest penalty for not paying one single payment up-front; payment methods; secondary addressee requirements; and non-payment cancellations.
53 Homeowners Insurance Claims Documents comprising of rules, coverage and claim procedures followed by insurance companies to determine the settlement or reimbursement to homeowners.
530 Insurance - Premium/Renewal Cancellation/Nonrenewal Legislation and regulations pertaining to declination, cancellation, non-renewal, termination or transfer of insurance policies and limitations on allowable reasons and required notices.
531 Insurance - Premium/Renewal Fees Legislation and regulations pertaining to fees and other charges charged to insurers by individual states to be used for other various insurance factors within the state. This also includes requirements for insurers in terms of application of fees to insureds to make up for fees charged to insurers by the states and/or fees charged by insurers to insureds as policy fees, late payment fees, etc.
532 Insurance - Premium/Renewal Form Requirements Legislation and regulations pertaining to forms used by insurers for premiums and renewals, stipulating when forms may be required, requirements for insurers for the use of a form, permitted content or prohibited/restricted content on a form.
533 Insurance - Premium/Renewal Mandatory Disclosures Legislation and regulations pertaining to requirement of mandatory disclosures by the insurer regarding policy premium or renewal requiring information pertaining to fees, surcharges, billing, payments etc. to be sent to policyholders.
534 Insurance - Premium/Renewal Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed requirements relating to premiums and renewals. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
535 Insurance - Premium/Renewal Military Legislation and regulations pertaining to premium and renewals of an insurance policy while a member is located on a military installation, on active duty assignment, deployed or veteran.
536 Insurance - Premium/Renewal Payment Plans Legislation and regulations dealing with insurer requirements and/or restrictions around down payments as well as payment plan options available to insureds.
537 Insurance - Premium/Renewal Premium Increase Legislation and regulations around insurer requirements to notify insureds regarding increase in premium.
538 Insurance - Premium/Renewal Renewal Notices Legislation and regulations around insurer requirements to notify insureds regarding insurance policy renewals.
539 Insurance - Premium/Renewal Sinkhole Legislation and regulations pertaining to policy premiums against a depression in the surface of the ground caused by the sudden collapse due to weakening of the land’s surface layer.
54 Homeowners Insurance Fraud Takes place when a false, inflated or misrepresented claim is submitted on a homeowners or renters policy for financial gain.
540 Insurance - Ratemaking Ratemaking Legislation and regulations pertaining to the determination of rates, or premiums to charge for insurance policies.
541 Insurance - Ratemaking Accident Year/Policy Year Legislation and regulations pertaining to the use of accident year experience for the purposes of reporting and ratemaking. An accident year shows the premiums earned and losses incurred during a specific period of time, while a calendar year shows premiums and losses incurred during the calendar year and a policy year includes premiums and losses from policies that are renewed or underwritten during a given year for the purposes of reporting and ratemaking.
542 Insurance - Ratemaking CAT Issues Legislation and regulations pertaining to the determination of rates or premiums to charge for catastrophe coverage of natural disasters including but not limited to earthquakes, hurricanes, wildfires.
543 Insurance - Ratemaking Credibility This pertains to the use of weighting a reasonable alternative statistic or value with data that is not fully credible in ratemaking or statistical analysis.
544 Insurance - Ratemaking Current Rate Method Legislation and regulations pertaining to allowable methodologies for brining premiums up to the current rate level.
545 Insurance - Ratemaking Data Quality Legislation and regulations pertaining to methodologies and processes applied to raw data that prepares it for analysis.
546 Insurance - Ratemaking Expenses Legislation and regulations pertaining to the appropriate use of both fixed and variable expenses in ratemaking and reporting.
547 Insurance - Ratemaking Large Losses Legislation and regulations pertaining to the treatment of large losses in ratemaking, reporting, claims handling and reserving.
548 Insurance - Ratemaking Loss Development Legislation and regulations pertaining to the difference between the amount an insurer initially records for claims versus the final cost of claims. This includes the loss development factors used in reserving, reporting, and ratemaking.
549 Insurance - Ratemaking Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed requirements relating to ratemaking. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
55 Homeowners Insurance Consumer Complaints Documents pertaining to consumer complaint reports, bureau reports and member policies for homeowners insurance.
550 Insurance - Ratemaking Military Legislation and regulations pertaining to determination of rates while a member is located on a military installation, on active duty assignment, deployed or veteran.
551 Insurance - Ratemaking Mix of Business Legislation and regulations pertaining to adjusting data, trends, or models to account for shifts between products or business segments.
552 Insurance - Ratemaking Policy Fees Legislation and regulations pertaining to a fee charged along with the first premium to offset initial costs.
553 Insurance - Ratemaking Predictive Modeling Legislation and regulations pertaining to the analysis of large data sets to make inferences or identify meaningful relationships, and the use of these relationships to better predict future events for ratemaking purposes. This includes generalized linear models (“GLM”s), sequential modeling, Multivariate Adaptive Regression Splines (“MARS”), Logistic Regression, Decision Trees, and Ordinary Least Squares.
554 Insurance - Ratemaking Profit Loads Legislation and regulations pertaining to accounting for extra provisions to cover business expenses and contingencies including the cost of capital in the determination of rates.
555 Insurance - Ratemaking Trending Procedures Legislation and regulations pertaining to estimating future values by analyzing changes between exposure periods.
556 Insurance - Rating Rating Legislation and regulations pertaining to ratemaking and pricing standards for insurance policies. This includes restrictions on rating and pricing factors that may be used in rating and pricing, insurance rating based on geographical location including but not limited to where a vehicle is primarily used or property is located, use of geo-demographic variables or data, non-binary gender, rate capping.
557 Insurance - Rating Age Legislation and regulations pertaining to general age regulations in relation to rating and pricing standards for insurance policies.
558 Insurance - Rating At Fault Accidents Legislation and regulations related to the use of prior at fault accidents in the determination of insurance risk impacting the rating and pricing standards for insurance policies.
559 Insurance - Rating CAT Issues Legislation and regulations pertaining to rating and pricing standards for catastrophe coverage of natural disasters including but not limited to earthquakes, hurricanes, wildfires.
56 Homeowners Insurance Loss Refers to the basis of a claim for damages under the terms of a policy. Includes loss of assets resulting from a pure risk. The broadly classified types of losses of concern to risk managers include personnel loss, property loss, time element loss, and legal liability loss.
560 Insurance - Rating Civil Unions Legislation and regulations pertaining to general civil unions and same gender marriage regulations in relation to rating and pricing standards for insurance policies.
561 Insurance - Rating Comp Claims Legislation and regulations pertaining to the use of a prior loss in the determination of risk and policy rating related to a vehicle being stolen or damaged in an incident that’s not a collision.
562 Insurance - Rating Connected Home Legislation and regulations pertaining to the regulation of connected home devices and use of data gathered for the purpose of determining insurance rates and premiums.
563 Insurance - Rating Credit Scoring Legislation and regulations pertaining to procedures that prohibit, regulate, or restrict the use of credit or insurance scores in insurance rating determination including but not limited to factors such as occupation and education.
564 Insurance - Rating Cancellation/Nonrenewal Legislation and regulations pertaining to declination, cancellation, non-renewal, termination or transfer of insurance policies and limitations on allowable reasons and required notices.
565 Insurance - Rating Deductibles Legislation and regulations pertaining to the determination of the portion of a covered loss that will not be paid by the insurer during the rating process.
566 Insurance - Rating Default Values Legislation and regulations pertaining to the use of default values to prefill information during a quote or questionnaire in insurance rating or during determination of pricing standards.
567 Insurance - Rating Discounts/Surcharges Discounts in rate are provided for positive actions such as driver safety courses, anti-theft devices, passive restraint systems, safe driver credits, use of telematics devices. Surcharges are incurred as a result of an accident, motor vehicle violations or increases in rate based on data gathered from telematics devices.
568 Insurance - Rating Dogs/Animals Legislation and regulations pertaining to general dog or animal regulations that impact rating and pricing standards for insurance policies.
569 Insurance - Rating Domestic Partnership Legislation and regulations pertaining to insurance rating and pricing standards when people live together in an interpersonal relationship sharing their domestic life in the nature of a marriage, but legally are not married.
57 Homeowners Insurance Rates Legislation and regulations pertaining to ratemaking and pricing standards; restrictions on rating and pricing factors that may be used in rating and pricing; insurance rating based on the geographical location; use of geo-demographic variables or data; non-binary gender; rate capping, stability and transition rating rules and restrictions; include all P&C lines.
570 Insurance - Rating Early Quote Discount This refers to the ability and requirements around offering a discounted rate on a policy for getting a quote in advance of the expiration of current coverage.
571 Insurance - Rating Earthquake Legislation and regulations related to the rating requirements for insuring risks against earthquakes.
572 Insurance - Rating Education/Occupation Legislation and regulations dealing with the use of an insured’s level of education or occupation in the determination of rate for an insurance policy.
573 Insurance - Rating Experience Period Legislation and regulations pertaining to the lookback period that is allowed for prior losses in the determination of insurance risk as it relates to underwriting.
574 Insurance - Rating Gender Legislation and regulations pertaining to general gender regulations as well as those which impact contract provisions in relation to rating and pricing standards for insurance policies.
575 Insurance - Rating High Value Vehicles Legislation and regulations pertaining to the treatment of vehicles in the rating process that are particularly expensive to replace or repair.
576 Insurance - Rating Insurance Status This includes the current or prior status of an insurance policy and a possible reason for no current coverage. A lapse in policy could occur due to non-payment, deployed military, none needed etc. The specific reason for no current coverage can have an impact on insurance rating as well as rating variables.
577 Insurance - Rating Loyalty Discount This refers to the ability and requirements around offering a discount for renewing coverage and remaining with the same insurance provider.
578 Insurance - Rating Major Violation Major violations are considered to be more likely to result in injury and include speeding over a threshold, passing a school bus, etc. This includes legislation and regulations pertaining to the classification of an infraction or a traffic violation by a state for rating purposes.
579 Insurance - Rating Mandatory Coverages This includes policy rating for requirements on an insurer to provide certain type of coverages.
58 Homeowners Insurance Privacy Given the significant amount of sensitive personal information that insurers collect, process and retain, there is increased privacy and data security regulation within the insurance industry adopted by states. To stay ahead of these new privacy and data security requirements, insurers need to take steps to navigate the increasingly complex regulatory landscape.
580 Insurance - Rating Marital Status Legislation and regulations pertaining to general marital status regulations as well as those which impact contract provisions, in relation to rating and pricing standards for insurance policies.
581 Insurance - Rating Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed requirements relating to rating requirements and procedures. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
582 Insurance - Rating Mileage Legislation and regulations pertaining to the risk determination of insuring a vehicle based on the number of miles it is driven.
583 Insurance - Rating Military Legislation and regulations pertaining to rating of an insurance policy while a member is located on a military installation, on active duty assignment, deployed or veteran.
584 Insurance - Rating Minor Violation Minor violations tend to be higher in frequency and include speeding within a threshold, failure to obey a traffic sign, etc. This includes legislation and regulations pertaining to the classification of a traffic violation by a state for rating purposes.
585 Insurance - Rating Multi-Product Discount This includes offering a discount to insureds that purchase insurance policies for multiple lines of business.
586 Insurance - Rating No-Fault Coverage This includes policy rating pertaining to first party benefits payable under auto policies without regard to fault.
587 Insurance - Rating Non-binary gender Legislation and regulations pertaining to general non-binary gender laws as well as those which impact contract provisions, in relation to rating and pricing standards for insurance policies.
588 Insurance - Rating Non-Catastrophe Losses Legislation and regulations pertaining to the treatment of losses arising from a natural disaster that did not meet the catastrophe thresholds
589 Insurance - Rating Not At Fault Accidents Legislation and regulations pertaining to accidents where an insured had low to no contribution to the cause of the loss. These define when a particular driver is considered not to be responsible or negligent for any damages and/or injuries that may have occurred in an accident. States have different rules around when not-at-fault accidents may be used for rating purposes.
59 COVID-19 Eviction In light of COVID-19, eviction rules have been modified in the United States to help prevent the spread of coronavirus.
590 Insurance - Rating Number of Stories Legislation and regulations in relation to the treatment of dwellings based on the number of stories in such dwelling in rating processes.
591 Insurance - Rating Policy Fees Legislation and regulations relating to determination of the fee charged along with the first premium to offset initial costs.
592 Insurance - Rating Predictive Modeling Legislation and regulations pertaining to the analysis of large data sets to make inferences or identify meaningful relationships, and the use of these relationships to better predict future events for rating purposes. This includes generalized linear models (“GLM”s), sequential modeling, Multivariate Adaptive Regression Splines (“MARS”), Logistic Regression, Decision Trees, and Ordinary Least Squares.
593 Insurance - Rating Price Optimization Price Optimization is the practice involving the use of factors not specifically related to an insured’s expected losses and expenses but are used to help determine or to adjust an insured’s premium. This includes legislation and regulations pertaining to the prohibition of Price Optimization by an insurance provider.
594 Insurance - Rating Prior Carrier Legislation and regulations pertaining to the use of the prior insurance carrier in the determination of risk, rating, ratemaking, etc.
595 Insurance - Rating Prior Losses Legislation and regulations pertaining to losses that occurred prior to a current policy becoming effective.
596 Insurance - Rating Protection Class Legislation and regulations pertaining to the Public Protection Classification (“PPC”) program which is a rating system with a range from 1 to 10 numerically ranking a community’s municipal fire protection system. Class 1 represents an excellent fire protection system, and class 10 indicates virtually no protection.
597 Insurance - Rating Protective Device Discounts Legislation and regulations pertaining to offering discounts for risk mitigating devices installed in a home including but not limited to CO2/smoke detectors, security systems, sprinklers, etc.
598 Insurance - Rating Rate Capping Legislation and regulations pertaining to limiting fluctuations in premium rate for renewal business due to decisions to change rates, rating algorithms, treatment of data, or re-classifications.
599 Insurance - Rating Ride Share Ride share businesses involve the use of mobile applications through companies such as Uber and Lyft that connect people who need a ride with drivers to take them to their destination for a fee. The apps act as an intermediary between the riders and the drivers. These businesses may implicate situations in which the vehicle is a professional vehicle and also situations in which the driver is using their personal car. This includes insurance policy rating determinations based on ride share arrangements such as personal vehicle, leased vehicle, professional transport agency etc.
6 Insurance Insurance Broker An insurance broker is a professional who represents consumers in their search for the best policy for their needs. Brokers work closely with their clients to research the client's needs.
60 COVID-19 Appraisal In light of COVID-19, financial institutions have had difficulties obtaining appraisals for real estate, extensions of credit or changes to existing note terms. Governments have swiftly responded with an array of measures to alleviate the negative consequences of the crisis for tenants, borrowers, builders and lenders.
600 Insurance - Rating Roof Legislation and regulations pertaining to the use of factors such as roof condition, age, shape, type, covering, geometry to evaluate insurance risk for policy pricing.
601 Insurance - Rating Sinkhole Legislation and regulations pertaining to the policy pricing risks against a depression in the surface of the ground caused by the sudden collapse due to weakening of the land’s surface layer.
602 Insurance - Rating Square Footage Legislation and regulations pertaining to the treatment of dwellings based on their size measured by square footage in policy ratings.
603 Insurance - Rating Surcharge Thresholds Legislation and regulations pertaining to the maximum amount the premium rate can change based on a change in risk exposure, rating algorithm, data source, etc.
604 Insurance - Rating Telematics Legislation and regulations pertaining to systems used in automobiles that combine wireless communication with GPS tracking for the purposes of determining insurance rate based on vehicle use.
605 Insurance - Rating Territories This refers to the grouping of locations based on geographic area in which risks are grouped together for rating purposes.
606 Insurance - Rating Tiering Insurance companies typically categorize risks into groups such as Preferred, Standard, High-Risk or Non-Standard. This includes legislation and regulations pertaining to using of personal information of an insured to categorize the insured into a risk category.
607 Insurance - Rating UM/UIM This refers to policy rating and pricing in relation to uninsured or underinsured motorists for covering medical bills and the cost to repair or replace the vehicle if an insured is hit by a driver who is uninsured or underinsured. These include new limits on uninsured motorist insurance, harsher penalties for driving without insurance, exhaustion of other insurance coverage before UM/UIM is payable. and stacking of limits.
608 Insurance - Rating Vehicle History Legislation and regulations pertaining to the use of a vehicle’s history in the determination of risk and insurance pricing.
609 Insurance - Rating Vehicle Symbol Legislation and regulations pertaining to the use of a vehicle’s make, model and year in the determination of risk and insurance pricing.
61 COVID-19 Forbearance Forbearance is when the mortgage servicer or lender allows to temporarily pay the mortgage at a lower payment or pause mortgage payment. Due to the coronavirus pandemic, many homeowners are struggling to make mortgage payments as a result of which majority of homeowners are eligible for forbearance for a coronavirus-related financial hardship.
610 Insurance - Rating Wildfire Legislation and regulations pertaining to the evaluation of wildfire risk as it relates to insurance pricing.
611 Insurance - Rating Year Built This deals with the treatment of dwellings based on the year it was built in policy rating determinations.
612 Insurance - Rating Year Licensed Legislation and regulations related to rating determination based on the year an insured member is licensed.
613 Insurance - Taxation Attorney Fees Legislation and regulations related to attorney fees and liability insurance, recovery fees paid to plaintiffs and fees incurred by policyholders.
614 Insurance - Taxation DMV Fees Legislation and regulations pertaining to the insurers access to and cost of motor vehicle records, accident reports, title issuance and transfers fees.
615 Insurance - Taxation Filing Fees Laws and regulations related to filing fees paid by insurers when they need to file any changes to their insurance products.
616 Insurance - Taxation Licensing Fees Laws and regulations related to licensing fees paid by insurers, producers, agents, or adjusters to obtain a license to operate in a jurisdiction.
617 Insurance - Taxation Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed requirements relating to premium taxes, premium tax credits or offsets, guaranty funds. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
618 Insurance - Taxation Military Legislation and regulations pertaining to premium taxes, premium tax credits or offsets of an insurance policy while a member is located on a military installation, on active duty assignment, deployed or veteran.
619 Insurance - Taxation Municipal Response Fees Legislation and regulations pertaining to fees and charges made by police, fire and ambulance services that respond to a vehicle crash.
62 COVID-19 Foreclosure In light of COVID-19, regulations have been passed making it mandatory for loan servicers to enhance their efforts to help homeowners affected by the pandemic. These rules ensure that borrowers get a chance to pursue loss mitigation options to avoid foreclosure and allows servicers to offer assistance to borrowers faster. A few states have passed new foreclosure laws to help homeowners avoid foreclosure.
620 Insurance - Taxation Other Fees Laws and regulations related to other fees required to operate within a jurisdiction. These fees include merger, re-insurance, assumption, consolidation, transformation, holding company and other miscellaneous fees.
621 Insurance - Taxation Premium Taxes Laws and regulations related to a tax on gross premium written by insurers allocable to risks located in that jurisdiction.
622 Insurance - Underwriting Underwriting Underwriting is the process insurers use to determine the risks of insuring a potential insured. It involves determining whether an prospective insured poses an acceptable risk and calculating a fair price for coverage. Includes legislation and regulations pertaining to underwriting, standards and guidelines for underwriting, including but not limited to actuarially justified and non-discriminatory, limitations on allowable reasons for declination, non-renewal and cancellation and required notices, unfair discrimination of an insured on the basis of gender, age, civil union etc.
623 Insurance - Underwriting Age Legislation and regulations pertaining to general age regulations in relation to underwriting risk for insurance policies.
624 Insurance - Underwriting Anti-Arson Forms This refers to a fire insurance application that includes additional questions concerning the applicant’s past losses, legal convictions for arson or other fraud, the property’s safety or construction code compliance, unpaid or overdue taxes, mortgage payments or other liens on the property, etc. Such a form is used in determination of risk for underwriting purposes.
625 Insurance - Underwriting CAT Issues Legislation and regulations pertaining to underwriting risk for catastrophe coverage of natural disasters including but not limited to earthquakes, hurricanes, wildfires.
626 Insurance - Underwriting Civil Unions Legislation and regulations pertaining to general civil unions and same gender marriage regulations in relation to underwriting risk for insurance policies.
627 Insurance - Underwriting Comp Claims Legislation and regulations pertaining to the use of a prior loss in the determination of risk related to a vehicle being stolen or damaged in an incident that’s not a collision.
628 Insurance - Underwriting Credit Scoring Legislation and regulations pertaining to procedures that prohibit, regulate, or restrict the use of credit or insurance scores in insurance underwriting including but not limited to factors such as occupation and education.
629 Insurance - Underwriting Cancellation/Nonrenewal Legislation and regulations pertaining to declination, cancellation, non-renewal, termination or transfer of insurance policies and limitations on allowable reasons and required notices.
63 Trusts Revocable/Irrevocable Trusts Trusts are revocable by default unless expressly stated otherwise. Generally, an irrevocable trust cannot be modified or revoked by the settlor after its creation. A revocable trust becomes irrevocable upon the death or incapacity of the settlor.
630 Insurance - Underwriting Dogs/Animals Legislation and regulations pertaining to general dog or animal regulations that impact insurance underwriting.
631 Insurance - Underwriting Dwellings Under Construction This includes underwriting of risk in a situation where alternative coverage may be needed while a dwelling is under construction, such as a Builder’s Risk Endorsement.
632 Insurance - Underwriting Electric Legislation and regulations pertaining to the use of electrical systems in the determination of insurance risk as it relates to underwriting.
633 Insurance - Underwriting Experience Period Legislation and regulations pertaining to the lookback period that is allowed for prior losses in the evaluation of an insurance risk for rating purposes.
634 Insurance - Underwriting Exterior Wall Construction Legislation and regulations pertaining to the determination of insurance risk on the basis of exterior dwelling construction materials used including but not limiting to siding materials such as vinyl, aluminum, metal, hardboard, or masonite, pine, cement fiber etc.
635 Insurance - Underwriting Foundation Type Legislation and regulations pertaining determination of risk for purposes of underwriting based on the formation type of a building. The foundation type refers to a section of load bearing wall forming the base of a building and can include basement, concrete slab, crawl space, pier & beam, etc.
636 Insurance - Underwriting Fuel/Oil Tank Legislation and regulations pertaining to the use of fuel or oil storage tank on a property in the determination of insurance risk as it relates to underwriting.
637 Insurance - Underwriting Gender Legislation and regulations pertaining to general gender regulations as well as those which impact contract provisions in relation to insurance underwriting.
638 Insurance - Underwriting Heat Sources Legislation and regulations pertaining to the use of heat source in the determination of insurance risk as it relates to underwriting.
639 Insurance - Underwriting Hurricane Legislation and regulation pertaining to the evaluation of hurricane risk as it relates to insurance underwriting.
64 BSA/AML Money Laundering Notices Documents published by relevant agencies to notify and inform member firms of the AML requirements and priorities set under law, and to guide member firms to consider how to incorporate the AML requirements into their risk-based anti-money laundering (AML) compliance programs.
640 Insurance - Underwriting Inspections The purpose of an inspection report is to determine the dwelling value and/or the condition of the dwelling and major systems such as electrical, heating, plumbing, roof, etc. Inspection may occur before or after policy issuance for the purposes of determination of risk for policy underwriting.
641 Insurance - Underwriting Insurance Status This includes the current or prior status of an insurance policy and a possible reason for no current coverage. A lapse in policy could occur due to non-payment, deployed military, none needed etc. The specific reason for no current coverage can have an impact on insurance risk underwriting.
642 Insurance - Underwriting Mandatory Disclosures Legislation and regulations pertaining to requirement of mandatory disclosures by the insurer during the underwriting process requiring information to be sent to policyholders including but not limited to aspects such as fees, surcharges, billing, payments.
643 Insurance - Underwriting Marital Status Legislation and regulations pertaining to general marital status regulations as well as those which impact contract provisions, in relation to insurance underwriting.
644 Insurance - Underwriting Market Conduct Legislation and regulations pertaining to investigation by insurance regulators to determine if an insurer has followed requirements relating to underwriting requirements, standards and procedures. This includes compliant logs, data calls, data exchanges, surveys, record retention/destruction and reporting requirements, market analysis, investigations.
645 Insurance - Underwriting Military Legislation and regulations pertaining to underwriting risk of an insurance policy while a member is located on a military installation, on active duty assignment, deployed or veteran.
646 Insurance - Underwriting Cancellation Window This refers to a period of time after issuance of a new insurance policy where insurers have the ability to cancel coverage. After the cancellation window, insurers are typically subject to additional guidelines in order to cancel or non-renew an insurance policy.
647 Insurance - Underwriting No-Fault Coverage This includes policy underwriting pertaining to first party benefits payable under auto policies without regard to fault.
648 Insurance - Underwriting Non-binary gender Legislation and regulations pertaining to general non-binary gender laws as well as those which impact contract provisions, in relation to risk underwriting standards and guidelines.
649 Insurance - Underwriting No-Fault Accidents
65 BSA/AML Money Laundering Regulations Laws and regulations under the USA PATRIOT Act and other regulations, wherein broker-dealers must establish a compliance program, including policies and procedures to detect and report suspicious activities to the government, as well as ensure compliance with the new laws. Firms must also implement specialized employee training programs, designate a special compliance officer and conduct independent audits of the effectiveness of the compliance program.
650 Insurance - Underwriting Plumbing This includes general plumbing regulations that impact underwriting practices.
651 Insurance - Underwriting Power of Attorney Legislation and regulations pertaining to the use of written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter relating to insurance.
652 Insurance - Underwriting Ride Share Ride share businesses involve the use of mobile applications through companies such as Uber and Lyft that connect people who need a ride with drivers to take them to their destination for a fee. The apps act as an intermediary between the riders and the drivers. These businesses may implicate situations in which the vehicle is a professional vehicle and also situations in which the driver is using their personal car. This includes risk determinations based on ride share arrangements such as personal vehicle, leased vehicle, professional transport agency etc.
653 Insurance - Underwriting Roof Legislation and regulations pertaining to the use of factors such as roof condition, age, shape, type, covering, geometry to evaluate insurance risk for underwriting.
654 Insurance - Underwriting Home Shape/Style This includes dwelling construction and design details such as multiple roof heights and roof lines, roof overhangs, porches and patios, square/rectangular or L-shaped, interior spaces that extend past the foundation which directly impact the determination of risk for underwriting purposes.
655 Insurance - Underwriting Short Term Rentals Legislation and regulations pertaining to evaluating insurance risk for property that is rented for periods of less than one month at a time.
656 Insurance - Underwriting Sinkhole Legislation and regulations pertaining to the policy underwriting risks against a depression in the surface of the ground caused by the sudden collapse due to weakening of the land’s surface layer.
657 Insurance - Underwriting Statement of Residency Legislation and regulations pertaining to a state requiring a Statement of Residency (SOR) for taking an insurance policy.
658 Insurance - Underwriting Take All Comers Legislation and regulations pertaining to requirements of insurers to insure residents of certain states where they sell personal lines of automobile insurance in regardless of the carrier’s market restrictions.
659 Insurance - Underwriting Trusts An insurance trust is an irrevocable trust set up consisting of a life insurance policy as the asset, wherein both the owner and beneficiary of the insurance policy is the trust itself. It protects an estate and its beneficiaries by allowing the grantor of the policy to control how insurance policy proceeds are used after passing away to avoid large estate taxes.
660 Insurance - Underwriting Trade Practices Legislation and regulations pertaining to measures that address unfair or deceptive trade practices related to prejudicial treatment of certain specific people relating to insurance. This includes but are not limited to making false or misleading statements, providing false information in relation to underwriting of risk.
661 Insurance - Underwriting Units per Building Legislation and regulations pertaining to the number of units in an insured property impacting the determination of risk for underwriting purposes.
662 Insurance - Underwriting Property Use This refers to the occupancy, such as owner occupied, long-term or short-term rental as well as any potential business, farming, or commercial exposures that may exist on the property. These factor directly impact the determination of risk for underwriting purposes.
663 Insurance - Underwriting Vacant Dwellings Legislation and regulations pertaining to the determination of risk in relation to a building that is devoid of any personal property used in the operations or activities usually conducted within it.
664 Insurance - Underwriting Wildfire Legislation and regulations pertaining to the evaluation of wildfire risk as it relates to insurance underwriting.
665 Insurance - Underwriting Year Licensed Legislation and regulations related to underwriting risk based on the year an insured member is licensed.
666 Asset Management ESG This concept finds documents related to Environmental, Social, and Corporate Governance issues.
667 BSA/AML General AML This concept filters for documents related to Anti-Money Laundering broadly.
668 Asset Management ESG - Governance This concept filters for documents that relate to Governance issues within the ESG space.
669 Asset Management ESG - Environmental This concept filters for documents that relate to Environmental issues within the ESG space.
670 Asset Management ESG - Social This concept filters for documents related to social issues within the ESG space.
671 BSA/AML AML - Sanctions This concept filters for documents related to financial sanctions, import and export controls, and money laundering.
672 Corporate Compliance Self-dealing This concept finds documents related to self-dealing, related parties, and covered persons.
673 Corporate Compliance Regulatory Compliance Management This concept filters for documents broadly related to RCM.
674 Operational Business Continuity Business continuity is the ability of an organization to continue the delivery of critical products or services at pre-defined acceptable levels following a disruptive incident or crisis.
675 Corporate Compliance Cryptocurrencies A digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
676 BSA/AML Financial Crime Financial crime is any activity that involves fraudulent or dishonest behavior for the purposes of personal financial gain, although it may also include the illegal conversion of property ownership.
677 Insurance Guaranty Association Notices Notices issued by guaranty associations. A guaranty association is an entity which steps into the shoes of the failed insurer for the purpose of providing certain continued benefits and/or resolution of covered claims.
678 Securities Broker-Dealer A broker-dealer is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers.
679 Corporate Compliance Anti-Harassment An anti-harassment policy aims to address and prevent antagonistic situations that violate the dignity of employees.
68 BSA/AML Overdraft Regulation Includes laws and regulations pertaining to overdraft services provided by financial institutions as well as detecting suspicious activity for deposit accounts with a high volume of activity, which carry low balances, or are frequently overdrawn, may be indicative of money laundering or check kiting.
680 Corporate Compliance Technology Governance Technology governance is the process of exercising political, economic and administrative authority in the development, diffusion and operation of technology in organizations.
681 Operational Electronic Signature An Electronic signature is an electronic symbol, usually the person’s name, that is attached to a form or contract and demonstrates consent. They are legally binding for all transactions they are used in.
682 Corporate Compliance Stress Testing Stress tests can use historical, hypothetical, or simulated scenarios. Regulations require banks to carry out various stress-test scenarios and report on their internal procedures for managing capital and risk.
683 Corporate Compliance Electronic Banking Electronic banking is a form of banking in which funds are transferred through an exchange of electronic signals rather than through an exchange of cash, checks, or other types of paper documents.
684 BSA/AML Financial Sanctions Financial sanctions prevent a firm from carrying out transactions and/or financial services with a person or organisation (known as ‘the target’). They exist for a variety of political, military, social, and economic reasons and work by preventing, pressuring, or restricting targets in an effort to curtail their activities.
685 BSA/AML Beneficial Ownership Beneficial Ownership is a requirement from the Financial Crimes Enforcement Network (FinCEN), under the Bank Secrecy Act, which mandates all covered financial institutions collect and verify from certain non-exempt legal entities specific information about the beneficial owners of the entity at the time a new account is opened.
686 Corporate Compliance Liquidity Requirements Liquidity regulations are financial regulations designed to ensure that financial institutions (e.g. banks) have the necessary assets on hand in order to prevent liquidity disruptions due to changing market conditions.
687 Corporate Compliance Capital Requirements A capital requirement (also known as regulatory capital, capital adequacy or capital base) is the amount of capital a bank or other financial institution has to have as required by its financial regulator.
688 Lending Auto Loans An auto loan allows an individual to borrow money from a lender and use that money to purchase a car.
689 Investment Advisor Municipal Advisor Municipal advisors provide advice to or on behalf of a municipal entity or obligated person with respect to municipal financial products or the issuance of municipal securities. This includes financial advisors, guaranteed investment contract brokers, third-party marketers, placement agents, solicitors, finders, and swap advisors that engage in municipal advisory activities.
69 Corporate Compliance Exemptions and Regulations Includes rules, regulations and policy updates for certain temporary relaxations towards corporate compliance requirements.
690 Investment Advisor Registered Investment Advisor A Registered Investment Advisor (RIA) is an individual financial advisor or a company that provides its clients with financial advice.
691 Investment Advisor Municipal Underwriting Municipal underwriting is the process of raising funds for a municipality by creating a new security to be sold to investors.
692 Investment Advisor Corporate Underwriting Corporate underwriting is the process of raising funds for a corporations by creating a new security to be sold to investors.
693 Investment Advisor Investment Management Investment managers help clients reach their investment goals by managing their money.
694 Investment Advisor Investment Advisor An investment advisor is a firm or person that engages in the business of providing investment advice to others about the value of or about investing in securities, stocks, bonds, mutual funds, among others.
695 Trusts Corporate Trust Corporate Trust covers the business activities of banks that act in a fiduciary capacity for investors in a particular security.
696 Insurance Health Savings Account A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses.
697 Asset Management Consumer Protection Consumer protection in the asset management industry.
698 Asset Management Asset management Asset management is the practice of increasing total wealth over time by acquiring, maintaining, and trading investments that have the potential to grow in value.
699 Asset Management Artificial Intelligence The use of artificial intelligence in the asset management industry is a growing practice that is increasingly being regulated and supervised.
70 COVID-19 Eviction Notice Documents published to notify the public on regulatory updates related to modified eviction rules in the United States during the coronavirus pandemic.
700 Asset Management Defined Contribution Pensions A defined contribution pension is a retirement plan that's typically tax-deferred, in which employees contribute a fixed amount or a percentage of their paychecks to an account that is intended to fund their retirements.
701 Asset Management Alternative Investment Fund Managers An Alternative Investment Fund Manager (AIFM) is any legal person whose regular business is managing one or more alternative investment funds (AIFs).
702 Asset Management Alternative Investment Funds Alternative Investment Funds or AIF are privately pooled investments vehicles which collect financial assets that does not fall into one of the conventional investment categories.
703 Asset Management Digital Assets A digital asset is generally anything that is created and stored digitally, is identifiable and discoverable, and has or provides value.
704 Asset Management Climate Risk Climate-related risks relate to the physical impacts of climate change and risks related to the transition to a lower-carbon economy.
705 Asset Management Bonds A bond is a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental).
706 Asset Management Alternative Trading Systems Alternative trading systems (ATS) are venues for matching large buy and sell transactions. They are not as highly regulated as exchanges. Examples of ATS include dark pools and ECNs.
707 Asset Management Cross-border Marketing Cross-border marketing regulations become increasing present in international markets.
708 Asset Management Market Risk Market risk is the risk of losses on financial investments caused by adverse price movements.
709 Asset Management Exchange-Traded Funds An exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund.
71 COVID-19 Eviction Regulations Documents embodying rules pertaining to the regulation of eviction rules in the United States during the coronavirus pandemic.
710 Asset Management Market Integrity Market integrity is a cornerstone of fair and efficient markets, ensuring that participants enjoy equal access to markets, that price discovery and trading practices are fair, and that high standards of corporate governance are met.
711 Asset Management Greenwashing Dishonest practices used by businesses to represent themselves as more sustainable either by giving a false impression or providing misleading information as to the sustainability of a product/service.
712 Asset Management Market Infrastructure A Market Infrastructure is a system administered by a public organisation or other public instrumentality, or a private and regulated association or entity, that provides services to the financial industry for trading, clearing and settlement, matching of financial transactions, and depository functions.
713 Asset Management Money Market Funds A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity.
714 Asset Management Market Abuse Market abuse refers to the practice of misusing information in order to disadvantage financial market investors or to gain an unfair advantage as an investor.
715 Asset Management Market Manipulation Market manipulation is when someone artificially affects the supply or demand for a security (for example, causing stock prices to rise or to fall dramatically).
716 Asset Management Marketing Marketing Asset Management refers to a set of techniques and actions implemented to optimize the way assets related to marketing are managed.
717 Asset Management Individual Accountability and Conduct Regulations on individual accountability and conduct.
718 Asset Management PRIIPs Packaged Retail and Insurance-based Investment Products
719 Asset Management Municipal Securities Municipal securities fall into two categories: 1) municipal bonds issued by states, cities, counties and other governmental entities to raise money to build roads, schools and a host of other projects for the public good; and 2) municipal fund securities.
720 Asset Management Securitization Securitization is the pooling of assets in order to repackage them into interest-bearing securities. The investors that purchase the repackaged securities receive the principal and interest payments of the original assets.
721 Asset Management Private Funds A private fund is an entity created to pool money from multiple investors that is not required to be registered or regulated as an investment company under the Investment Company Act.
722 Asset Management Inducements This refers to the money or other non monetary benefits investment firms receives from another company when providing an investment service in relation to a particular financial instrument to their customers.
723 Asset Management Benchmarks Covers benchmarks referenced in financial instruments traded on trading venues, benchmarks referenced in mortgage and consumer credit contracts, and benchmarks measuring of the performance of an investment fund.
724 Asset Management Unit-Linked A unit‑linked fund, also referred to as an insured fund, is a fund that is linked to a plan issued by an insurance company which allows you to combine your money along with other planholders.
725 Asset Management ESG - Taxonomy The aim of the taxonomy is to prevent greenwashing and to help investors make greener choices. Investments are judged by six objectives: climate change mitigation, climate change adaptation, the circular economy, pollution, effect on water, and biodiversity.
726 Asset Management Transition Risk Transition risks are business-related risks that follow societal and economic shifts toward a low-carbon and more climate-friendly future. These risks can include policy and regulatory risks, technological risks, market risks, reputational risks, and legal risks.
727 Asset Management Sustainability Disclosure Requirements A firm must disclose details of the extent to which the sustainability objective has, or may have, impacted the financial return of the product. A firm must disclose details of the plausible, purposeful, and credible link between the product's sustainability objective's and environmental and/or social outcomes.
728 Operational Information Barriers Information barriers refer to the separation between different departments, individuals, or information systems within an organization. An information barrier is essentially designed to block the exchange of confidential information and prevent data breaches.
729 Corporate Banking Trade Finance Tools, techniques, and instruments that facilitate trade and protect both buyers and sellers from trade-related risks.
730 Corporate Banking Debt Capital Markets Offers capital raising services in the form of corporate bonds and government bonds on behalf of their clients. The clients served by the debt capital markets group are typically corporations and governmental entities.
731 Corporate Banking Foreign Exchange Swap A foreign exchange swap (also known as an FX swap) is an agreement to simultaneously borrow one currency and lend another at an initial date, then exchanging the amounts at maturity.
732 Corporate Banking Outright Forex Forward An outright forward, or currency forward, is a currency contract that locks in the exchange rate and a delivery date beyond the spot value date.
733 Corporate Banking Account Services Services banks offer to their large corporate clients, usually publicly traded companies, on their day-to-day business.
734 Corporate Banking Multi-currency Remittance The remittance or transfer of money in more than one currency.
735 Corporate Banking Interest Rate Swap An interest rate swap is a contractual arrangement be- tween two parties, often referred to as “counterparties”.
736 Corporate Banking Foreign Exchange Spot A foreign exchange spot transaction, also known as FX spot, is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date.
737 Securities Climate & Sustainability Securities exchange markets are uniquely positioned to advance climate resiliency in their markets through a series of tools, regulatory incentives, and best practices.
738 Securities Derivatives A derivative security is a financial instrument whose value depends upon the value of another asset. The main types of derivatives are futures, forwards, options, and swaps. An example of a derivative security is a convertible bond.
739 Securities Asset-backed securities Asset-backed securities finance pools of familiar asset types, such as auto loans, aircraft leases, credit card receivables, mortgages, and business loans. In one way or another, these asset types represent contractual obligations to pay.
74 BSA/AML General ABAC ABAC commonly stands for "Anti-Bribery and Anti-Corruption." It refers to measures, policies, and practices aimed at preventing and combatting bribery and corruption in various contexts, including business, government, and international transactions. These efforts typically involve implementing robust compliance programs, enforcing ethical standards, and promoting transparency and accountability to mitigate the risks associated with bribery and corruption.
740 Securities Equity Securities An equity security is a financial instrument that represents an ownership share in a corporation.
741 Securities Debt Securities Debt securities are financial instruments that represent a creditor relationship between an investor and an issuer, where the issuer is borrowing money from the investor and agreeing to pay back the principal amount of the loan with interest over a specified period of time.
742 Broker/Dealer Duties of Care Broker-dealer duties of care refer to the legal and ethical obligations that broker-dealers have to act in the best interests of their clients, make suitable recommendations, provide adequate disclosure and due diligence, and avoid conflicts of interest.
743 Broker/Dealer Suitability obligations Broker-Dealers are required to use reasonable diligence to seek to obtain and analyze the customer-specific factors.
744 Broker/Dealer Reporting requirements Broker-Dealers are required to file periodic reports depending on their jurisdiction.
745 Deposits Deposits - General Funds that customers place into a bank account, such as a savings or checking account, which the bank holds and may use for lending or investment purposes.
746 Deposits Deposit Insurance Regulations may require banks to participate in deposit insurance programs to protect their customers' deposits in case of bank failure.
747 Deposits Interest rates Regulations may limit the amount of interest banks can offer on deposits or require banks to disclose interest rates to customers in a specific way.
748 Deposits Minimum Balance Requirements Regulations may specify minimum balance requirements for certain types of deposit accounts, such as savings accounts or checking accounts.
749 Deposits Fees and charges Regulations may require banks to disclose fees and charges associated with deposit accounts, such as maintenance fees, transaction fees, or overdraft fees.
750 Employment Minimum wage Regulations on the minimum amount of remuneration that an employer is required to pay wage earners for the work performed.
751 Employment Workers' Compensation Workers’ compensation is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job.
752 Employment Equal pay Equal pay regulations require that men and women in the same workplace be given equal pay for equal work.
753 Employment Anti-discrimination It is illegal for an employer to discriminate against a job applicant because of his or her race, color, religion, sex, national origin, age, disability or genetic information.
754 Employment Workplace Health and Safety Employers are required to comply with a vast array of health and safety regulations.
755 Employment Employee privacy An employee privacy policy is documentation specifying an organization's rules and procedures for gathering, using and disclosing the personal information of former, current or prospective employees.
756 Operational Regulatory Reporting - Banks and Financial Institutions Banks and financial institutions are required to submit regulatory reports to regulatory bodies, such as central banks and financial supervisory authorities. These reports include financial statements, capital adequacy reports, liquidity reports, risk management reports, and anti-money laundering reports.
757 Operational Regulatory Reporting - Investment Funds Investment funds, including mutual funds, hedge funds, and private equity funds, are subject to regulatory reporting requirements. These reports may include information about the fund's assets under management, investment strategies, performance, and investor disclosures.
758 Operational Regulatory Reporting - Insurance Insurance companies are typically required to submit regulatory reports to insurance regulatory authorities. These reports cover areas such as solvency, reserves, underwriting practices, claims handling, and financial statements.
759 Operational Regulatory Reporting - Stock Exchanges Stock exchanges have reporting obligations to regulatory authorities to ensure fair and orderly trading. They must report information such as trade data, market surveillance activities, and compliance with listing rules.
76 FinTech Agency Updates Documents published by relevant agencies to notify all persons and entities on matters that concern the regulation and administration of the FinTech industry.
760 Operational Regulatory Reporting - Broker-Dealers Brokerage firms and securities dealers must comply with regulatory reporting requirements related to their trading activities, customer accounts, trade execution, and financial condition. These reports are submitted to securities regulators or exchanges.
761 Operational Regulatory Reporting - Derivatives Participants in derivatives markets, including futures, options, and swaps, often have reporting obligations. They must report details of their trades, positions, and risk exposures to regulatory bodies and trade repositories.
762 Operational Regulatory Reporting - Money Service Businesses Money service businesses, such as money transmitters, currency exchange providers, and payment processors, are subject to regulatory reporting requirements related to anti-money laundering (AML) and counter-terrorism financing (CTF). They must report suspicious transactions and adhere to know-your-customer (KYC) guidelines.
763 Corporate Compliance Intellectual Property The legal protection and management of intangible assets, such as patents, trademarks, copyrights, and trade secrets, to ensure their rightful ownership, use, and safeguarding within the organization's operations.
764 Corporate Compliance Customs, Trade Controls & Sanctions The regulatory frameworks and policies that govern the movement of goods across international borders, ensuring compliance with import/export regulations and trade agreements. It also includes sanctions imposed by governments to restrict trade with certain individuals, entities, or countries for political, security, or economic reasons.
765 Corporate Compliance Tax Evasion The illegal act of intentionally manipulating financial information or engaging in deceptive practices to evade paying taxes owed to governmental authorities.
766 Corporate Compliance Modern Slavery The efforts of organizations to prevent and address any forms of forced labor, human trafficking, or exploitative practices within their operations and supply chains in line with ethical and legal standards.
767 Corporate Compliance Third Party Compliance The oversight and management of the ethical and regulatory adherence of external parties, such as suppliers, distributors, and business partners, who interact with or represent the organization.
768 Corporate Compliance Antitrust & Competition Adherence to laws that promote fair and competitive market environments by preventing monopolistic practices, collusion, and anti-competitive behavior within industries.
769 Corporate Compliance Conflict of Interest A situation where an individual's personal interests, relationships, or activities could potentially compromise their impartiality or objectivity in making business decisions that affect the organization.
77 FinTech Regulations FinTech is regulated both at federal and state level. FinTech offerings are subject to extensive product-level regulation by the federal government and individual states. FinTech entities are also subject to licensing and charteringregimes at the federal level and on a state-to-state basis which collectively determine how firms are supervised by regulatory authorities. Certain key regulations applicable to the FinTech industry include but are not limited to BSA/AML reforms, state credit and money transmitter laws, cryptocurrency regulations formulated by the SEC, CFTC and FinCEN.
770 Corporate Compliance Carbon and ESG Carbon and ESG pertain to both the element carbon's role in emissions and climate impact, as well as the broader evaluation of a company's environmental, social, and governance practices for sustainability and responsible business operations.
771 Lending Green Lending Financial activity that is focused on supporting environmentally sustainable projects and initiatives
772 Operational Regulatory Reporting - Fintech Certain fintech companies, such as peer-to-peer lending platforms and digital payment providers, may have reporting obligations to regulatory authorities. These reports may cover areas such as consumer protection, risk management, and transaction monitoring.
773 Operational Regulatory Reporting - Credit Rating Agencies Credit rating agencies are required to provide regulatory reports on their rating methodologies, procedures, and conflicts of interest to ensure transparency and maintain the integrity of the rating process.
774 Operational Regulatory Reporting - Crowdfunding Crowdfunding platforms that facilitate the raising of funds from the public may have regulatory reporting obligations. These may include reporting on the offerings, investor information, and compliance with securities laws.
775 Lending Blue Lending Financial activity that focuses on supporting sustainable and environmentally responsible projects and initiatives related to marine and aquatic environments.
78 FinTech Notices Documents issued to notify the public on matters pertaining to the delivery of financial services through technology and innovation in the FinTech industry.
79 FinTech Data Security The increased emphasis on information sharing is accompanied by provisions requiring confidentiality and data security protocols. It is important for BSA/AML officers to develop effective plans for addressing and reporting on potentially adverse cyber-events. This includes appropriate frameworks for information sharing among financial institutions, their agents and service providers, their regulatory authorities, and law enforcement authorities.
8 Licensing Money Service Includes businesses that transmit or convert money, in one or more of the capacities including but not limited to currency dealers or exchangers, check casher, issuer of traveler's checks, money orders or stored value, seller or redeemer of traveler's checks, money orders or stored value, money transmitter, U.S. Postal Service. It encompass not only banks but also includes non-bank financial institutions.
80 Corporate Compliance Crypto Coin Regulations Regulations related to cryptocurrencies.
81 Investment Advisor Crypto Coin Agency Updates Documents published by agencies that regulate cryptocurrencies to notify all persons and entities on matters that concern the administration of such cryptocurrencies.
82 Investment Advisor Crypto Coin Publications Documents issued to communicate relevant information regarding cryptocurrencies to the public.
9 Licensing Title Insurance Agent/Agency A title insurance agent/agency is hired at the beginning of the transaction to conduct a review of the public records to locate any claims against the property, such as tax liens and judgments. The title insurance agent/agency also verifies whether such liens are still active and what needs to be done to clear the liens.
92 Lending Credit Notices A written notice from a lender to the borrower relating to an occurrence of an event of default. Consists of documents pertaining to credit reports, proposed rules regarding collection activities, privacy requirements for recording keeping etc.
93 Lending Credit Regulations Document relating to rules embodied under federal and state statutes to protect consumers and provide guidelines for the credit industry. The purpose of these regulations is to promote the availability of credit to all creditworthy applicants without regard to race, color, religion, national origin, sex, marital status, or age.
94 Licensing Insurance Policy Insurance policy is a contract between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
95 Mortgage Lending Transactions Regulations Includes credit transactions (loan or credit sale) that is or will be used by the debtor primarily for personal, family, or household purposes and is secured by a mortgage, or other equivalent consensual security interest on a dwelling or residential real estate.
96 Mortgage Lending Disclosure Regulations Documents pertaining to rules laid down for lenders to provide a disclosure statement that includes information about the amount of loan, the annual percentage rate, finance charges (including application fees, late charges, prepayment penalties), a payment schedule and the total repayment amount over the lifetime of the loan.
97 Mortgage Lending Foreclosure Notices Foreclosure action is initiated by a written public notice issued by the lender. If the mortgagor still unable to bring the loan up to date, the mortgage company may go through with foreclosure proceedings, after which it can sell the property to pay down the balance of the loan.
98 Mortgage Lending Foreclosure Regulations Documents issued formulating rules and regulations in relation to foreclosure proceedings upon default of mortgage payments.
99 Operational Risk Management Legislation Documents with a set of rules and regulations that are indispensable and must be followed pertaining to management of operational and financial risk by institutions by the process of identifying, assessing and controlling threats to an organization's capital and earnings. These risks stem from a variety of sources including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.