ELANY Announces Changes to its List of E&S Insurers
NY | The Excess Line Association of New York (ELANY) announces that four companies have been added to their list of E&S Insurers. Continue reading
Montana Issues Memo Regarding Consumers Rights for Auto Body Repairs and Advisement to Insurers
MT | The Office of the Montana State Auditor, Commissioner of Securities and Insurance has issued an Advisory Memorandum to: (1) remind consumers of their right to take their collision-damaged vehicles to an automobile body repair business or location of their choice, and (2) To advise insurers, including their producers and adjusters, that they may […]
Rhode Island Insurance Producer Electronic Appointments Through NIPR
RI | The Rhode Island Insurance Division has issued Bulletin Number 2024-6. The purpose of this Bulletin is to provide appointment filing instructions for the newly enacted implementation of insurance producer electronic appointments, required to be filed through NIPR’s Insurance Appointment and Termination system beginning 01/01/2025. Continue reading
California Issues Notice of Year-End Review Procedures
CA | The California Department of Insurance has issued a Notice concerning corporate applications and similar filings requesting approval by year-end 2024. Applicants seeking expedited review of corporate applications for completion by year-end 2024 must submit the applications no later than September 16, 2024, or, in the case of a Holding Company Act application, no […]
Massachusetts Issues Bulletin Regarding Continued Access to Care for Covered Persons Impacted by the Closing of Carney Hospital and Nashoba Valley Medical Center
MA | The Massachusetts Division of Insurance has issued Bulletin 2024-09 to identify the Division’s expectations regarding the need to relax prior authorization and credentialing procedures in response to the closing of Carney Hospital and Nashoba Valley Medical Center. Continue reading
New Jersey Announces Increased Limit on the Amount of Coverage Provided by the New Jersey Life and Health Insurance Guaranty Association for Net Cash Surrender and Withdrawal Values for Certain Annuity Policies and Contracts
NJ | The New Jersey Department of Banking and Insurance has issued Bulletin No. 24-13. On July 10, 2024, P.L. 2024, c.34 was signed into law, amending the New Jersey Life and Health Guaranty Association Act, N.J.S.A. 17B:32A-1, et seq. (“Act”) to increase the coverage limit for net cash surrender and net cash withdrawal values […]
Mississippi Announces Update to its List of Eligible Non-Admitted Insurers
MS | The Mississippi Surplus Lines Association has issued Bulletin 2024-09, announcing a company address change to the List of Eligible Non-Admitted (Surplus Lines) Insurers. Click here for more information.
Connecticut Notice Concerning Annual Reporting to the Insurance Department Regarding Prescription Drug Rebates
CT | Not later than February 1, 2021, and annually thereafter, each Health Carrier must file a report with the Insurance Commissioner for the immediately preceding calendar year. The report shall contain the following information concerning Health Carriers that delivered, issued for delivery, renewed, amended or continued a Health Care Plan in Connecticut. Continue reading.
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.