Connecticut 2025 Electronic Filing Requirements
CT | The Connecticut Insurance Department has issued Bulletin Number FS-4SL-24. Section 38a-740-6(b)(1) of the Regulations of Connecticut State Agencies requires that each foreign eligible surplus lines insurer shall annually on or before the first day of March submit to the Commissioner by electronically filing with the National Association of Insurance Commissioners (NAIC), a true […]
Pennsylvania Issues Bulletin Concerning the Minimum Qualifying Amounts Adjustment for Exempt Commercial Purchasers
PA | The Pennsylvania Surplus Lines Association has issued a Bulletin regarding the adjusted minimum qualifying amounts for “Exempt Commercial Purchasers” which will be effective January 1, 2025. Click here for more information.
Wyoming 2025 Insurance Company Annual Appointment Renewals
WY | On February 1, 2025, the Wyoming Department of Insurance will email the Annual Appointment Renewal Invoice and the Detailed Appointment List to each insurer. Appointments will retroactively expire effective January 31, 2025, unless the renewal invoice is paid in full on or before the due date of March 31, 2025. Click here for […]
Colorado Division of Insurance Amends Bulletin No. B-4.121 Concerning the Medical Inflation Trend Calculations for Premium Rate Reduction Requirements
CO| The amended Bulletin No. B-4.121 provides guidance to carriers in Colorado regarding the medical inflation trend calculation for the premium rate reduction requirements of the Colorado Option Standardized Health Benefit Plans. Starting in the 2023 benefit year, carriers in the individual and small group markets are required to offer these plans at reduced premiums […]
Texas Department of Insurance adopts NCCI’s Experience Rating Plan Manual for Workers Compensation and Employers Liability Insurance
TX| The Texas Commissioner of Insurance has issued an order adopting amendments to the National Council on Compensation Insurance (NCCI) Experience Rating Plan Manual for Workers’ Compensation and Employers Liability Insurance. This order, dated December 10, 2024, approves Item E-1411, which replaces the existing national manual with a Texas-specific version. The new manual consolidates all […]
Pennsylvania Surplus Lines Insurer List Updates as of December 11, 2024
PA | The Pennsylvania Surplus Lines Association has issued Eligible Surplus Lines Insurer List updates as of December 11, 2024. Click here for more information.
Maine Bureau of Insurance Clarifies Guaranteed Issue Rights for Medicare Supplement Plans After Medicare Advantage Discontinuation
ME| The Maine Bureau of Insurance issued Bulletin 481 to clarify that consumers whose Medicare Advantage plans are discontinued in their service area are eligible for guaranteed issue of any Medicare Supplement plan currently sold in Maine. This eligibility applies regardless of how long the consumer was enrolled in the Medicare Advantage plan prior to […]
Massachusetts Issues Climate Risk Guidance for Domestic Insurers with July 2025 Governance Deadline
MA| The Massachusetts Division of Insurance (DOI) issued Bulletin 2024-11 to provide guidance for domestic insurers on managing financial risks associated with climate change. The bulletin outlines expectations for insurers to integrate climate risk into governance, risk management, and public disclosure practices proportionate to their business scale and complexity. Key Points: Click here to see […]
Massachusetts Regulatory Guidance on Artificial Intelligence Systems in Insurance
MA| The Massachusetts Division of Insurance Bulletin 2024-10 outlines regulatory expectations for insurers using Artificial Intelligence (AI) systems in Massachusetts. It emphasizes compliance with existing laws, fairness, transparency, and accountability to mitigate risks such as unfair discrimination, inaccuracies, and adverse consumer outcomes. Insurers are required to establish a formal AI Systems (AIS) Program addressing governance, […]
California Announces Addition to its List of Approved Surplus Line Insurers
CA | The Surplus Line Association of California has issued Bulletin #1489 announcing that the California Department of Insurance (CDI) has updated the List of Approved Surplus Line Insurers (LASLI) to reflect the addition of Oklahoma Specialty Insurance Company (Oklahoma) effective December 5, 2024. Click here to view the original Bulletin.