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THIS ISSUE
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 As a professional whose life revolves around personal relationships you work very hard to build up your Facebook and even LinkedIn profile and outreach. While I’m sure there are "friend" collectors, especially for insurance professionals it seems to me that you would work to refine your outreach and further define your groups.
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Insurance fraud is a felony that cost Virginians $40 million last year. Worse still, the cost of fraudulent claims rose 165 percent over the last five years. Fraud is everywhere — whether obvious or not — and it's a problem that is both dangerous and costly.
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Supervisory Special Agent Wesley Rowe of the National Insurance Crime Bureau is assigned to the Southwest Region of Virginia, but also supervises all of NICB’s Agents in North Carolina and South Carolina.
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Oregon Health & Science University (OHSU) has agreed to settle potential violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy and Security Rules following an investigation by the U.S. Department of Health and Human Services Office for Civil Rights (OCR) that found widespread and diverse problems at OHSU, which will be addressed through a comprehensive three-year corrective action plan.
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Bob Yergey with Towne Insurance in Gainesville will serve another year on the Professional Liability Committee, which oversees the IIABA E&O program.
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The entire IIAV family of agencies and carriers mourn the passing of long-time, and supportive IIAV member and past president, Ralph Snead.
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Hager Phil Ins Agency $100
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The IIAV Education Team is building the CE calendar for 2017 – and we would love your help. Your association is one of the largest providers of continuing professional education for insurance agents in the Commonwealth.
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IIAV's Annual Young Agents' Conference is being held October 6-7, 2016 at the Hilton Virginia Beach Oceanfront Hotel. To register or for information on sponsorship opportunities visit www.iiav.com for details.
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 The ACA Transitional Reinsurance and Risk Corridor Programs that charge fees/taxes are set to expire effective January 1st 2017. These fees/taxes have been collected from insurance carriers and certain employers in 2014, 2015, and 2016 in hopes to provide rate stabilization in the health insurance marketplace.
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If you or anyone in your family are getting advance payments of the premium tax credit, it’s that time of year for a checkup to see if you need to adjust your premium assistance.
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 In any financial institution setting, one or more licensed professionals must be responsible for compliance with applicable laws and regulations. This requirement certainly applies to insurance agencies.
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