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Michigan Announces Implementation of 2024 PA 94 to Amend the Motor Vehicle Sales Finance Act

MI | The Michigan Department of Insurance and Financial Services has issued Bulletin 2024-24-CF. This bulletin informs licensees and other interested parties of the 2024 PA 94 (the “Act”) basic requirements pertaining to installment sale contracts with unequal repayment plans and announces the Department’s temporary accommodation to prevent undue hardship from a provision in the […]

ELANY Announces Revised DFS Cybersecurity Regulation Requirements

NY | The Excess Line Association of New York (“ELANY”) has issued Bulletin No. 2024-20. On November 1, 2024, the next set of New York Department of Financial Services (DFS) cybersecurity regulation (23 NYCRR 500) revised requirements will go into effect. Here is what brokers need to know. Continue reading.

Montana Issues Supplemental Advisory Memo Regarding Certification of Compliance for all Property/Casualty Statistical Reporting Filings

MT | As stated in the July 25, 2023 Advisory Memorandum Regarding Certification of Compliance for all Property/Casualty Rate, Rule or Rate/Rule Filings (July 25, 2023 Advisory Memorandum), the Commissioner of Securities and Insurance (CSI) recently identified a significant number of compliance issues in property/casualty rate, rule or rate/rule filings that can be avoided by […]

Louisiana Issues Advisory Letter Regarding Auditing Requirements

LA | The Louisiana Department of Insurance (LDI) has issued Advisory Letter 2024-02 to advise all title insurers and title insurance producers transacting the business of insurance in the state of Louisiana to be mindful of the requirements for Title 22. It has come to the LDI’s attention that certain practices of title insurers and […]

Texas 2023 Title Insurance Agent Data Call

TX | The Texas Department of Insurance has issued Commissioner’s Bulletin #B-0016-24. The Texas Department of Insurance (TDI) issues this mandatory data call under Insurance Code Section 2703.153, which requires each title agent engaged in the business of title insurance in Texas to annually submit business data to TDI. TDI uses this data to set title […]

Utah Issues Bulletin Regarding Filing a Complaint Against Another Title Licensee

UT | The Utah Insurance Department has issued Bulletin 2024-11. The Insurance Department requires documentation and evidence to investigate allegations of misconduct when they arise. Complaints against other licensees are no different. Effective immediately, a title licensee’s complaint against another title licensee shall be submitted to the Insurance Department by filing a completed Title Licensee […]

Alaska Issues Notice of Public Meeting

AK | Notice is given that the Workers’ Compensation Review and Advisory Committee’s fourth quarterly meeting of 2024 will be held October 10th at 10:00 am at the Anchorage Marriott Downtown, 820 W 7th Ave, Anchorage, Alaska (907-279-8000). The purpose of the meeting is to discuss matters relating to workers’ compensation insurance. Click here for […]