Illinois Issues Bulletin Regarding STLDI and Fixed Indemnity Coverage
IL | The Illinois Department of Insurance has issued Company Bulletin 2024-15. The purpose of this Company Bulletin is to provide guidance and remind issuers of the changes impacting both Short-Term Limited Duration Insurance (“STLDI”) and Non coordinated Fixed Indemnity Excepted Benefits coverage under federal rule and Illinois law. Click here for more information.
Michigan Bulletin Regarding Use of Artificial Intelligence Systems by Insurers
MI | The Michigan Department of Insurance and Financial Services has issued Bulletin 2024-20-INS. This bulletin is issued by the Department of Insurance and Financial Services (Department) to remind all Insurers, Nonprofit Health Service Plans, HMOs, and Dental Plan Organizations (herein after, collectively “Insurers”) that hold certificates of authority to do business in the state […]
South Carolina Issues Notice of Tentative 2025 Credit Accident and Health Insurance Rates
SC | The South Carolina Department of Insurance has issued Bulletin Number 2024-09. Regulation 69-11.1, Regulation of Credit Insurance, requires the South Carolina Department ofInsurance to promulgate tentative rates for credit accident and health insurance by August 1st of each year. The tentative rates are those the Department believes may reasonably be expected to produce […]
South Carolina Issues Notice of Tentative 2025 Credit Property Insurance Rates and Opportunity to Request a Hearing
SC | The South Carolina Department of Insurance has issued Bulletin Number 2024-08. Regulation 69-11.1, Regulation of Credit Insurance, requires the South Carolina Department ofInsurance to promulgate tentative rates for credit property insurance by August 1 of each year.The tentative rates are those the Department believes may reasonably be expected to produce a loss ratio […]
North Carolina Issues a Bulletin Regarding Extra Prescriptions During a State of Emergency
NC | The North Carolina Department of Insurance has issued Bulletin 24-B-08. This bulletin is to remind health benefit plans of compliance requirements for operations under a state of emergency for purposes of obtaining extra prescriptions during a state ofemergency or disaster. Click here for more information.
Tennessee Issues Bulletin to Clarify the Definition of Managed Health Insurance Issuer
TN | The Tennessee Department of Insurance has issued Bulletin 24-02 toprovide guidance regarding the phrase “managed health insurance issuer” (“MHII”), which isdefined in Tenn. Code Ann. § 56-32-128(a) and used throughout Title 56 of the Tennessee Code. Continue reading
South Carolina Issues Notice of Tentative 2025 Accident and Health Insurance Rates for 3-Day Retro Accident and Health Insurance and Opportunity to Request a Hearing
SC | The South Carolina Department of Insurance has issued Bulletin Number 2024-10. Regulation 69-11.1, Regulation of Credit Insurance, requires the South Carolina Department of Insurance (Department) to promulgate tentative rates for credit accident and health insurance by August 1st of each year. The tentative rates are those the Department believes may reasonably be expected […]
South Carolina Issues Bulletin Regarding Licensure of Emergency Adjusters Due to Hurricane Debby
SC | The South Carolina Department of Insurance has issued Bulletin Number 2024-07. This bulletin is issued to prepare for the impact of this emergency event on the State of South Carolina and its citizens. Based upon this unusual circumstance and the reports of significant, historic, massive and potentially catastrophic flooding, this Department has determined […]
Montana Advisory Memorandum Regarding New Federal Rules
MT | On March 28, 2024, the Departments of Health and Human Services, Labor, and Treasuryreleased final rules regarding hospital indemnity and other independent and non-coordinatedfixed-indemnity policies.1 These new federal rules revise the consumer notice currently required in the individual market and establish a new requirement to provide a consumer notice in the group market. […]
Alaska Issues Notice of Public Meeting
AK | Under AS 21.39.043, the director of the division of insurance is required to hold an administrative hearing to discuss whether a workers’ compensation prospective loss cost filing meets the requirements of AS 21.39 and whether the filing should be approved, disapproved, or modified, in whole or in part. In accordance with AS 21.39.043, […]