Businessweek

group long-term care, which was previously offered to employers for the benefit of employees. Other: Other insurance products include individual life and corporate-owned life insurance, reinsurance pools and management operations, group pension, health insurance, and individual annuities. Regulation The company and its subsidiaries are subject to regulation on both the federal and state level in the U.S. and by the Financial Services Authority (FSA) in the U.K. Insurance Regulatory Oversight: The company’s U.S. insurance subsidiaries are subject to oversight by insurance departments in jurisdictions in which they do business and by the U.S. Department of Labor (DOL) on a national basis, primarily for the protection of policyholders. Unum Limited is subject to regulation by the FSA in the U.K. The company’s Bermuda-based insurance subsidiary is subject to regulation by the Bermuda Monetary Authority (BMA). Insurance Holding Company Regulation: The company is subject to regulation under the insurance holding company laws in the states in which its insurance subsidiaries are domiciled (or deemed to be commercially domiciled), which include Maine, Massachusetts, Tennessee, South Carolina, New York, Vermont, and California. Federal Laws and Regulations: The company is subject to the laws and regulations applicable to public companies, including the rules and regulations of the Securities and Exchange Commission and the New York Stock Exchange relating to public reporting and disclosure, accounting and financial reporting, corporate governance, and securities trading. Further, the Sarbanes-Oxley Act of 2002, and rules and regulations adopted under this regulation, have increased the requirements for the company and other public companies in these and other areas. History Unum Group was founded in 1848.