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New Jersey Underwriting and Pricing Considerations

NJ | The New Jersey Department of Banking and Insurance Office of the Commissioner has issued Bulletin No. 23-08. Pursuant to N.J.S.A. 17:22-6.14a1, a private passenger automobile insurer’s (“insurer”) underwriting guidelines may not be arbitrary, capricious, or unfairly discriminatory. Additionally, under N.J.S.A. 17:29A-6, an insurer must file its rating system with the Department before using […]

Pennsylvania Reminder: Surplus Lines Agents Gross Premium 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 […]

New York Long Term Care Premium Rate Adjustments and Disclosure Requirements

NY | The New York Department of Financial Services has issued Insurance Circular Letter No. 11. The purpose of this circular letter is to provide guidance to insurers authorized to write accident and health insurance in New York State, Article 43 corporations, health maintenance organizations, and fraternal benefit societies  (collectively, “issuers”) to facilitate compliance with […]

New York Coverage of Respiratory Syncytial Virus Immunizations

NY | The New York Department of Financial Services has issued Insurance Circular Letter No. 10. The purpose of this circular letter is to remind insurers of the requirements related to coverage of RSV immunizations under comprehensive health insurance policies and contracts. Click here for more information.

Texas Assessment of Rates for Maintenance Taxes and Fees

TX | The Texas Commissioner of Insurance has issued Commissioner Order No. 2023-8435. The subject of this order is the assessment of rates for maintenance taxes and fees to generate revenue for the operating account of the Texas Department of Insurance (TDI). Click here for more information.

Texas Average Annual Employee Salary Rates and Overhead Assessment Rates

TX | The Texas Commissioner of Insurance has issued Commissioner Order No. 2023-8434. The subject of this order is the establishment of the average annual examiner’s and other Texas Department of Insurance (TDI) employees’ salary rates and overhead assessment rates, under 28 Texas Administrative Code (TAC) § 7.1001(e), to ensure that TDI has sufficient funds […]

California Announces Requirements for Complete Rate Applications and Issuing Good Driver Discount Policies

The California Department of Insurance has issued Bulletin 2023-7 in response to numerous consumer complaints that they have received regarding waiting periods, questionnaires, and other practices instituted by personal auto insurance companies while writing new and renewal personal auto insurance coverage that could be in violation of various provisions of Proposition 103 and/or other California […]