Utah Insurance Department Clarifies Prohibition on Joint Advertising for Title Insurance Licensees
UT| Bulletin 2025-1, issued by the Utah Insurance Department, provides guidance on the prohibition of title insurance licensees advertising jointly with clients under Utah Admin. Code R592-6-4(12). Key Points: Click here to read UT Bulletin 2025-1
Utah Insurance Department Updates Rules on Title Industry Self-Promotional Items
UT| The Utah Insurance Department issued Bulletin 2025-2, clarifying the rules for self-promotional novelty items distributed by title insurance licensees. Key Points: Click here to see UT Bulletin 2025-2
ELANY Issues 2024 Premium Tax Statement Filing Reminder
NY | The Excess Line Association of New York has issued Bulletin No. 2025-03 reminding all licensed excess line brokers to file a Premium Tax Statement electronically on or before March 17, 2025, even if no business was placed under that license. Click here for more information.
Louisiana Updates Regulation 132 Regarding the Churches and Non-Profit Religious Organizations Self-Insurance Fund
LA| The Louisiana Department of Insurance (LDI) promulgated Regulation 132 to comply with Act No. 259 of the 2023 Regulation Session of the Louisiana Legislature that enacted R.S. 22:472.1 through 472.20 authorizing the creation of the Louisiana Churches and Nonprofit Religious Organizations Self-Insured Fund and giving the Department of Insurance authority over such fund. Act […]
Louisiana Amends Regulation 112 – Adoption of NAIC Handbooks, Guidelines, Forms and Instructions
LA| The Louisiana Department of Insurance (LDI) amended Regulation 112 – Adoption of NAIC Handbooks, Guidelines, Forms, and Instructions. The purpose of the amendment to Regulation 112 is to identify and to incorporate by reference the current edition of handbooks, guidelines, forms, and instructions adopted by the National Association of Insurance Commissioners (NAIC) and referenced […]
Oklahoma Issues Bulletin on Anti-Rebating Statutes
OK| Oklahoma Insurance Department issues bulletin addressing the anti-rebating statute in Oklahoma’s insurance industry, focusing on the prohibition of negotiating commission returns or premium rebates. The key points are: Click here to read full Bulletin No. 2025-01
Louisiana Commissioner Issues Advisory Letter on Policy Fees of Surplus Lines Policies
LA| Louisiana Insurance Commissioner’s January 17, 2025, Advisory Letter 2025-01 provides guidance on the application of taxes on policy fees for surplus lines insurance policies. The key points of the letter are: Click here to see full Advisory Letter 2025-01
ELANY Issues Bulletin Offering Complimentary Cybersecurity Training
NY| ELANY has extended its FREE cybersecurity awareness training offer through December 31, 2025. Licensed excess line brokers that have filed an insurance policy or endorsement for stamping with ELANY since January 1, 2023 qualify for the free training. Up to 417 Employees can be trained for free. Click here to see ELANY Bulletin 2025-02
California’s Insurance Commissioner Issues Mandatory Moratorium on Cancellations and Non-Renewals
CA| Following the Governor’s Declaration of a State of Emergency on January 7, 2025, due to the Southern California Wildfires, Commissioner Lara issued Bulletin 2025-1, a mandatory moratorium on cancellations and non-renewals of residential property policies. Click here to see full January 9, 2025 Bulletin 2025-1 Click here to see full January 17, 2025 Update […]
Oregon Files Administrative Order Amending ORP payment Parameters for Plan Year 2025
OR| Oregon Insurance Department Released Administrative Order 1-2025. Amending OAR 836-150-0040 to add ORP payment parameters for plan year 2025. Effect January 16, 2025. Amended to include payment parameters for plan year 2025 (attachment point of $103,000; reinsurance cap of $1,000,000; and coinsurance rate of 50%), while deleting the provisions related to plan year 2020. […]