New Mexico Issues Notice Regarding Unfavorable Changes to Public Protection Classifications
NM | The New Mexico Office of Superintendent of Insurance has issued Bulletin 2024-023. The OSI has been notified by ISO, a rating/advisory organization, about a recent Public Protection Classification (PPC) survey involving the consolidation of the fire service protection areas (FSPA) of Fort Bayard and Santa Rita. As a result of the consolidation, policyholders […]
Louisiana Issues Regulation 130: Insurance Premium Tax Credits for Retaliatory Taxes Paid by Certain Domestic Insurers
LA | The Louisiana Department of Insurance has issued Regulation 130: Insurance Premium Tax Credits for Retaliatory Taxes Paid by Certain Domestic Insurers. The purpose of this regulation is to implement the provisions of Act No. 428 of the 2023 Regular Session. The law creates an insurance premium tax refundable credit for retaliatory taxes paid […]
North Carolina Commissioner Issues Order in Regard to Tropical Storm Helene
NC | The North Carolina Department of Insurance has issued Bulletin 24-B-13 to amend the counties affected by the Disaster Declaration (DR-4827-NC). Click here for more information.
North Carolina Announces Activation of Disaster Mediation Program Bulletin and COI Order
NC | The North Carolina Department of Insurance has issued Bulletin 24-B-14. Insurance Commissioner Mike Causey has ordered activation of NCDOI’s Disaster Mediation Program, following the President’s September 28th, 2024, Declaration of Disaster for North Carolina in Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Cabarrus, Caldwell, Catawba, Cherokee, Clay, Cleveland, Forsyth , Gaston, Graham, Haywood, Henderson, […]
New Mexico Issues Order Setting Patient Compensation Fund Surcharge Rates for Calendar Year 2025
NM | The New Mexico Office of Superintendent of Insurance has issued an order to set patient compensation fund surcharge rates for 2025. Click here for more information.
Georgia Issues Third Directive Concerning No Cancellations for Failure to Pay in Affected Areas
GA | The Office of Commissioner of Insurance and Safety-Fire (OCI) has issued Directive 24-EX-9. On October 1, 2024, the Office of Commissioner of Insurance and Safety Fire (“OCI”) issued Directive 24-EX-6. This Directive precluded companies from cancelling insurance policies in specified affected counties until a Directive from OCI lifted such prohibition. On October 10, OCI issued […]
New Mexico Announces Mental Health and Substance Use Disorder Parity Data Call
NM | The New Mexico Office of Superintendent of Insurance has issued Bulletin 2024-021. The Mental Health Parity and Addiction Equity Act (MHPAEA), amended in November 2013, includes provisions that require group health plans and health insurance carriers to ensure Mental Health and Substance Use Disorder (MH/SUD) parity with Medical and Surgical (Med/Surg) services. This […]
Wyoming Issues Bulletin Regarding Motor Vehicle Insurance Coverage and Criminal Acts
WY | The Wyoming Department of Insurance has issued Bulletin No. 10-2024. Pursuant to W.S. $ 3l -9-405, every motor vehicle liability policy is subject to certain statutory provisions which need not be contained in the actual policy language. Specifically, W.S. $ 3 I -9-405(0 states as follows: (i) The liability of the insurance carrier […]
Wyoming Issues Bulletin Regarding Claims Made Policies
WY | The Wyoming Department of Insurance has issued Bulletin No. 10.1-2024. Previously, the Department had determined that a non-competitive market existed regarding claims made policies, including but not limited to professional/medical malpractice policies. Due to increased insurer participation in professional/medical malpractice and other claims made type policies, the Department has determined that the restrictions […]
Oklahoma Issues Bulletin Regarding the Insurance Data Security Act
OK | The Oklahoma Insurance Department has issued Bulletin No. 2024-10. The purpose of this bulletin is to inform all persons and nongovernmental entities who are licensed, registered, or otherwise authorized to operate pursuant to Title 36 of Oklahoma Statutes of important new requirements enacted by Senate Bill 543, which creates the Insurance Data Security […]