Georgia Announces Extension of Renewal Periods for Captive Insurers and Risk Retention Groups
GA | The Georgia Commissioner of Insurance has issued Bulletin 24-EX-3 announcing the identification of technical issues with the GIMS platform that may have impeded the ability of certain captives and risk retention groups to complete their renewals in a timely manner. To address these challenges and ensure that all entities have sufficient time to […]
Georgia Issues Directive Regarding Interest on Late Payments of User Fees
GA | The Georgia Office of Commissioner of Insurance and Safety Fire has issued Directive 24-EX-2. This Directive is for all insurers offering plans on the Georgia Access marketplace reminding them to remit the required user fee to the GA Access Division using the Sircon portal. Click here for more information.
Oklahoma Issues Special Notice to Medicare Supplement Carriers
OK | Effective September 1, 2023, amendments to the Oklahoma Insurance Department (“OID”) Medicare supplement regulations create new enrollment requirements for Medicare supplement issuers. Click here for more information.
California Statutes Impacting Health Insurers in 2024
CA | The California Department of Insurance has issued a Notice highlighting some key statutory requirements applicable to health insurers that were either newly enacted during the 2023 legislative session or were enacted earlier but are effective in 2024. Click here to continue reading.
Texas Revised NCCI Advisory Loss Costs
TX | The Texas Department of Insurance has issued Commissioner’s Bulletin # B-0001-24. The Texas Department of Insurance (TDI) accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing (SERFF Tracking No. NCCI-133887340, State Tracking No. S716737) with an effective date of July 1, 2024. This filing proposes an overall average decrease of […]
Massachusetts Provides “Guide to Health Insurance for People with Medicare”
MA | The Massachusetts Division of Insurance has issued Bulletin 2024-05. This Bulletin contains a copy of “A Massachusetts Consumer’s Guide to Medicare.” This guide is provided as an attachment along with the annual federal publication “Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare” to persons eligible for Medicare. Click […]
Nevada Issues Bulletin Regarding Use of Artificial Intelligence Systems by Insurers
NV | The Nevada Division of Insurance has issued Bulletin 24-001. This bulletin reminds all insurers that hold certificates of authority to do business in Nevada 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 insurance laws […]
Wisconsin Out-of-State Health Insurance Brokers
WI | The Office of the Commissioner of Insurance (OCI) has recently seen an increase in complaints alleging the improper sale of Affordable Care Act-compliant health plans, both on and off the exchange. In these cases, some agents and brokers—out-of-state brokers in particular—have sold unsuitable policies and/or misrepresented the terms of these policies. Click here […]
New York Announces Changes to List of E&S Insurers
NY | The Excess Line Association of New York (“ELANY”) has issued Bulletin No. 2024-08 announcing an update to the List of E&S Insurers. Transverse Specialty Insurance Company has changed their name to MS Transverse Specialty Company. For more information, click here.
Mississippi Announces Company Addition to List of Eligible Non-Admitted Insurers
MS | The Mississippi Surplus Lines Association has issued Bulletin 2024-02. This bulletin announces the addition of Bowhead Insurance Company, Inc. to the Mississippi Insurance Department’s List of Eligible Non-Admitted (Surplus Lines) Insurers. Click here for more information.