Insurance
Oct. 16, 2010
Rules on Iranian Assets Nullified
The Department of Insurance's high-profile crackdown on companies dealing with Iranian businesses hit a snag this week when the Office of Administrative Law ruled it an improper underground regulation.
Daily Journal Staff Writer
The California Department of Insurance's high-profile crackdown on companies dealing with certain Iranian businesses hit a snag this week as the Office of Administrative Law ruled the department improperly issued regulations related to the Middle East nation.
In a decision issued Monday, the OAL in Sacramento said the department failed to take appropriate measures, such as requiri...
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