Insurers' Compliance With Iranian Investments

Law360, New York (June 24, 2010, 3:52 PM EDT) -- We have often discussed efforts by the California Department of Insurance to assist the federal government in the war on terror and those that pose a threat to the safety and security of the United States.[1]

We have noted that the CDOI has requested all insurers licensed in California (foreign and domestic) to provide specific information regarding any investments they may hold in the government of Iran, in securities denominated in the government of Iran, or in entities that conduct business in the defense, nuclear, petroleum,...
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