Georgia Issues Directive Regarding Annual Submission of Mental Health Parity and Addiction Equity Data Call
GA | The Official Code of Georgia (“O.C.G.A.”) § 33-1-27(c)(1)(A) requires compliance with the Georgia Mental Health Parity and Addiction Equity Act for health insurers offering coverage for mental health or substance use disorders as part of a health care plan. Insurers subject to O.C.G.A. § 33-1-27(c)(1)(A) are required to submit data on mental health […]
Pennsylvania Eligible Surplus Lines Insurer List Update
PA | The Pennsylvania Surplus Lines Association announces the addition of Hadron Specialty Insurance Company to its Eligible Surplus Lines Insurer List, effective January 12, 2024. Click here for more information.
The U.S. Virgin Islands Issues its Third Addendum to the List of Eligible Unauthorized (Surplus Lines) Insurers
VI | The Virgin Islands Division of Banking, Insurance and Financial Regulation has issued Bulletin 2024-01 amending previous Bulletins to include Ascot Specialty Insurance Company to its List of Eligible Unauthorized Insurers. Click here for more information.
Mississippi Announces Company Addition to List of Eligible Non-Admitted Insurers
MS | The Mississippi Surplus Lines Association has issued Bulletin 2024-01 announcing the addition of Amherst Specialty Insurance Company, effective January 26, 2024. Click here for more information.
Montana Issues Advisory Memorandum Regarding §§33-18-201(6) and (13), MCA as Interpreted by Ridley and Dubray
MT | The Montana Supreme Court has repeatedly held that sections 33-18-201(6) and (13), MCA, require an insurer to provide advanced payment (prior to final settlement) to a victim of an automobile accident for any damages for which liability under the policy is reasonably clear. Click here to continue reading.
Paid Leave Oregon as an “Other Benefit” That Reduces Short-Term Disability Benefits
OR | The Oregon Division of Financial Regulation has issued Bulletin No. DFR 2024-1. This bulletin provides guidance on the Division of Financial Regulation’s (DFR) expectations of insurers who write Short Term Disability policies, in light of the recent implementation of thePaid Leave Oregon program. Click here for more information.
Pennsylvania Reminder: Surplus Lines Agents Gross Premiums Tax Report
PA | Each year at this time all surplus lines licensees (resident and non-resident) licensed in the Commonwealth of Pennsylvania are reminded to file and remit the collected gross premium surplus lines tax for the preceding calendar year. The surplus lines tax levied by the Commonwealth of Pennsylvania is three percent (3%) of taxable gross […]
Florida Issues its Latest Edition of The Wire
FL | The Florida Surplus Lines Service Office (FSLSO) has issued its most recent edition of The Wire. Topics discussed include: Click here for more information.
Maryland Apprenticeship Programs: Workers Compensation Rates
MD | The Maryland Insurance Administration has issued Bulletin 24-3. It has come to the attention of the Maryland Insurance Administration (the “Administration”) that certain employers have expressed the concern that hiring younger workers through apprenticeship programs will automatically increase their workers’ compensation rates because of the age of such workers. The purpose of this […]
Utah Reminds Insurers to Report Motor Vehicle Policies to Insure-Rite
UT | The Utah Insurance Department has issued Bulletin 2024-1. An insurer that issues a policy with motor vehicle liability coverage, uninsured motorist coverage, underinsured motorist coverage, or personal injury coverage must regularly report those policies to Insure-Rite. Click here for more information.