West Virginia Requests Public Comments Regarding Surplus Lines Export List
WV | The Offices of the Insurance Commissioner is soliciting comments regarding the surplus lines export list. Pursuant to W.Va. Code R. §114-20-7, the Insurance Commissioner may maintain an export list of insurance coverages and classes that may be placed with surplus lines insurers. The export list, if maintained, must be published, at least, annually […]
Colorado Issues Notice of Adoption – Amended Bulletin Concerning the Annual Maximum Benefit for Early Intervention Services
CO | The Colorado Division of Insurance has adopted Amended Bulletin B-4.31. The purpose of this bulletin is to provide carriers with the annual maximum benefit amount for early intervention services for grandfathered individual health benefit plans and all other individual and group sickness and insurance policies or contracts, subject to Part 2 of Article […]
Iowa Updates Insurance Code – Gross Premium Percentage Rates by Calendar Year
IA| Iowa has updated Insurance Code Sections 432.1 and 432.2 – Surplus Lines Premium Tax Rates – the applicable percentage of the gross premium to be taxed by year. Updated November 20, 2024 See Legislative Changes here
New Mexico Issues Bulletin Extending Deadline for NMAC Compliance
NM| OSI Bulletin 2024-024 from the New Mexico Office of Superintendent of Insurance addresses an extension for insurance carriers to comply with regulations concerning excepted benefit insurance plans. The key points of the bulletin are: Click here to see OSI Bulletin 2024-024
New Hampshire Issues Bulletin Announcing Changes to Consumer Guaranty Contract Law
NH| Bulletin INS 24-068-AB from the New Hampshire Insurance Department announces important changes to the Consumer Guaranty Contract Law, effective January 1, 2025. These changes, outlined in Senate Bill 515, aim to improve clarity, fairness, and compliance in consumer guaranty contracts for home, automobiles, and other products. The key modifications include: Click here to see […]
Oklahoma Insurance Commissioner Issues Bulletin to Insurers on the Use of Artificial Intelligence Systems in Insurance
OK| The Oklahoma Insurance Department issued Bulletin 2024-11 to remind all Insurers that hold certificates of authority to do business in the state that decisions or actions impacting consumers that are made or supported by advanced analytical and computational technologies, such as Artificial Intelligence (AI), must comply with all applicable insurance laws and regulations. This […]
Michigan Department of Insurance and Financial Services Issues Bulletin Regarding Eligibility List of Hospitals for Enhanced Reimbursement
MI| The DIFS Bulletin 2024-25-INS notifies interested parties of the availability and location of updated lists of hospitals eligible for enhanced reimbursement under Sections 3157(4)(a), 3157(5), and 3157(6) of the Insurance Code (Code), MCL 500.3157(4)(a), MCL 500.3157(5), and MCL 500.3157(6). The List includes hospitals that have between 20% and 29.99%, and 30% or more, indigent […]
California Insurance Commissioner Issues Bulletin on Mandatory Moratorium on Cancellations and Non-Renewal after Declaration of State of Emergency
CA| Commissioner Lara released Bulletin 2024-13 stating that Due to Governor Newsom proclaiming a State -of-Emergency due to the Mountain Fire in Ventura County, on November 7, 2024, no admitted or non-admitted insurer shall issue a notice of cancellation or non-renewal due to wildfire risk for one year, starting on November 7, 2024, for any […]
Surplus Line Association of California issues Bulletin #1486 outlining California Department of Insurance Moratorium on Non–Renewals and Cancellations in Wildfire-affected Areas
CA| Insurance Commissioner Lara issued Bulletin 2024-13, on November 14, 2024, announcing a one-year moratorium on non-renewals or cancellations of homeowners’ insurance due to wildfire risk in areas affected by the Mountain Fire in Ventura County. The bulletin was addressed to both admitted and non-admitted insurers writing residential property insurance in California. The moratorium retroactively […]
Wisconsin Agent Appointment Renewal Invoices Due 2025
WI | The Wisconsin Office of the Commissioner of Insurance (OCI) will process all company appointments electronically through the National Insurance Producer Registry (NIPR). The appointment renewal invoice will include all resident/nonresident appointment renewals. All agents will appear on the renewal list unless the agent was terminated by 11:59 p.m. CST on December 31, 2024. […]