Maine Announces Change in Accident Reporting Threshold: Updated Bulletin
ME | The Maine Bureau of Insurance has issued Bulletin 480, which supersedes Bulletin 479. This Bulletin revises Bulletin 479 to track the language of the Maine Automobile Insurance Cancellation Control Act and more accurately describe the impact of the recent change in the accident reporting threshold. Click here for more information.
California Issues Bulletin Regarding Revisions to Department Review of Complete Rate Applications
CA | The California Department of Insurance has issued Bulletin 2024-7. The purpose of this Bulletin is to increase the transparency and speed of rate change application review and approval times in ways that are beneficial to consumers, the Department, and the insurance market. Click here to read the complete Bulletin.
Kentucky Issues Bulletin Regarding Adopted Insurance Legislation
KY | The Kentucky Department of Insurance has issued Bulletin 2024-06. The purpose of this bulletin is to summarize recently adopted insurance legislation. Click here for more information.
Arkansas Issues Updated Bulletin Regarding Application to Underwriting Expenses for Surplus Lines Brokers
AR | The Arkansas Insurance Department hereby rescinds Bulletin 12-2024 with the issuance of this Bulletin. Bulletin 14-2015A is therefore reinstated. Learn more
New Jersey Announces Extension of Easy Enroll Program Special Enrollment Period
NJ | The New Jersey Department of Banking and Insurance has issued Bulletin No. 24-12. The purpose of this Bulletin is to advise carriers that the Department is extending the EZ Enroll SEP through October 31, 2024, to provide an opportunity to enroll in coverage. Residents who enroll in coverage during this SEP will have […]
West Virginia Bulletin Regarding Artificial Intelligence Systems
WV | The purpose of Bulletin No. 24-06 is to remind insurers regulated by the Offices of the West Virginia Insurance Commissioner (OIC) that decisions or actions impacting consumers that are made or supported by advanced analytical and computational technologies, including Artificial Intelligence (AI) Systems, must comply with all applicable state insurance laws and rules. […]
California Issues Mandatory Moratorium on Cancellations and Non-Renewals of Policies of Residential Property Insurance After the Declaration of a State of Emergency
CA | The California Department of Insurance has issued Bulletin 2024-6. On July 26, 2024, Governor Gavin Newsom proclaimed a state of emergency coveringPlumas County due to the Gold Complex Fire and Butte and Tehama Counties due to thePark Fire. On July 30, 2024, Governor Gavin Newsom proclaimed a state of emergency coveringKern County due […]
California Commissioner Issues Moratorium on Non-Renewals and Cancellations in Wildfire-Affected Areas in Four Counties
CA | The Surplus Line Association of California has issued Bulletin #1480. California Insurance Commissioner Ricardo Lara, on August 8, 2024, issued Bulletin 2024-6, announcing a one-year moratorium on non-renewals or cancellations of homeowners’ insurance due to wildfire risk in areas affected by the Gold Complex Fire in Plumas County, the Park Fire in Butte […]
Michigan Issues Bulletin Concerning the Use of A.I. Systems by Insurers
MI | The Michigan Department of Insurance and Financial Services has issued Bulletin 2024-20-INS 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, including Artificial Intelligence (AI) Systems, must comply with all […]
Maryland Announces Increase in Maximum Civil Penalties for Violations of Certain Insurance Laws
MD | The Maryland Insurance Administration has issued Bulletin 24-20 to notify insurance producers and public adjusters that 2024 Maryland Laws Ch. 119 and 120 (House Bill 67 and Senate Bill 229 of the 2024 Legislative Session), which increase maximum civil penalties that the Administration may impose for certain statutory violations, will become effective on […]