New Mexico Issues Order Authorizing Remote Audits by Broker-Dealers of Single Agent Branch Offices for 2025 Annual Audits
NM | The New Mexico Regulation and Licensing Department Securities Division has issued Order No: 24-12-03. The order temporarily authorizes broker-dealers to conduct audits of single agent branch offices through remote means provided certain conditions are met. Click here for more information.
California Will Implement a New Premium Tax Processing System
CA | The California Department of Insurance (CDI) will be implementing a new Premium Tax Processing System (PTPS) portal for processing Insurance (Premium) Tax forms online. Under the authority of California Revenue and Taxation Code section 12302 and California Insurance Code section 1775, Admitted Insurers and Surplus Line Brokers are required to file Premium Tax […]
California Updates List of Approved Surplus Line Insurers
CA | The Surplus Line Association of California has issued Bulletin #1488 announcing that the California Department of Insurance (CDI) has updated the List of Approved Surplus Line Insurers (LASLI) to reflect that Point Excess and Surplus Insurance Company (Wisconsin) has been added to the LASLI effective November 26, 2024. Click here for more information.
Georgia Issues Bulletin Concerning the Annual Submission of Mental Health Parity Comparative Analyses Report
GA | The Georgia Office of Commissioner of Insurance and Safety Fire (OCI) has issued Bulletin 24-EX-9. The Official Code of Georgia (O.C.G.A.) § 33-1-27(b)(4) requires health insurers offering coverage for mental health or substance use disorders as part of a health care plan to comply with Georgia’s Mental Health Parity Act. Insurers subject to […]
The Surplus Lines Association of California Issues Bulletin Regarding Use of NAIC Group Name/Codes on SL-2 From
CA| SLA reminds brokers completing the declinations section of the SL-2 Diligent Search Report to identify each specific admitted insurer that declined the risk. The SL-2 requires that declinations be identified by both the full name of the admitted insurers and their NAIC numbers. The NAIC company code for admitted insurers can also be found […]
Delaware Revises Bulletin Summarizing Insurance Laws Enacted in 2024
DE | The Delaware Department of Insurance has revised and re-issued Universally Applicable Bulletin No. 9. The purpose of the original version of this Bulletin was to summarize laws enacted during the2024 Session of the Delaware General Assembly and signed by the Governor as of September 24, 2024. The latest version now includes additional bills, […]
California Issues Bulletin Concerning Compliance with Various Provisions of Proposition 103
CA | The California Department of Insurance has issued Bulletin 2024-14 addressing several issues that have recently arisen with respect to insurer compliance with various provisions of Proposition 103. These issues include the obligation of insurers seeking rate changes to provide all information required by the Commissioner to conduct a thorough and complete review of […]
South Carolina Issues Amended Guaranty Association Notice Requirement
SC| Bulletin Number 2024-14 from the South Carolina Department of Insurance, dated November 25, 2024, outlines important changes to the South Carolina Life and Accident and Health Insurance Guaranty Association (SCLAHIGA) notice requirements. Some key points: Click here to read full SC Bulletin 2024-14
Pennsylvania Revises 1609-P Affidavit and Enhancement to its Electronic Filing System
PA | The Pennsylvania Surplus Lines Association has issued a bulletin announcing a revision to the 1609-PR Affidavit which eliminates the following fields: Click here for more information.
Florida Announces New Chatbot for Licensing Questions
FL | Last month, Florida launched an AI chatbot feature on its website called – AskDFS. AskDFS can answer virtually any Florida insurance licensing question, as long as it’s not about a specific applicant or licensee. AskDFS will not be able to look up information related to a specific licensee or applicant. The chatbot can […]