Illinois Issues Bulletin for Companies Writing Farm Owners Property Insurance
IL | The Department of Insurance (“the Department”) previously issued Company Bulletin 2023-15 to provide further clarification to the changes to the Farm Mutual Insurance Company Act. The revisions to the Act contain modifications to loss exposure limits for farm mutual insurance companies, and therefore affect reinsurance agreements currently being negotiated for calendar year 2024. […]
Indiana Public Adjuster Contracts
IN | The Indiana Department of Insurance has issued Bulletin 272. This bulletin is directed towards all public adjusters holding a certificate of authority to act as a public adjuster in the state of Indiana and clarifies the new contract form review and approval process. Click here to continue reading.
Virgin Islands’ Implementation of Continuing Education and Pre-Licensing Courses and Requirements
VI | The U.S. Virgin Islands has implemented new insurance continuing education and pre-licensing courses and requirements. This Bulletin serves to advise U.S. Virgin Islands (USVI) resident insurance licensees, effective January 1, 2024, they will be required to complete 12 (9 General and 3 Ethics) Continuing Education credits prior to submitting their renewal application for […]
Oklahoma Issues Special Notice to Insurance Professionals
OK | The Oklahoma Insurance Department (OID) in partnership with Kaplan Financial Education is excited to announce a new option to purchase licensing exam study manuals. The manuals will now be offered electronically with two formats to choose from. Both formats will be sold as bundles: Life and Health License Exam Manual & Oklahoma State […]
Pennsylvania 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 […]
California Issues Notice of Reviewed and Revised Educational Objectives
CA | The California Department of Insurance, with assistance from the Insurance Commissioner’s appointed Curriculum Board, recently completed a thorough review of theLife Agent Educational Objectives, the Accident and Health or Sickness (AHS) Educational Objectives, and the Life-Limited to the Payment of Funeral and Burial Expenses ExaminationObjectives. Revisions were only made to the AHS Educational […]
California Will Begin Offering the Producer License Exams in Multiple Languages in 2024
CA | On January 1, 2024, the California Department of Insurance will begin offering the producer license examinations listed below in Spanish, Simplified Chinese, Vietnamese, and Korean. Additionally, on July 1, 2024, these examinations will also be available in Tagalog. Scheduling for the new license examinations will be available starting on Friday, December 15, 2023, […]
Oregon Announces Adoption of Temporary Rules for Data Brokers
OR | The purpose of this rulemaking is to effectuate a program to prevent data brokers from collecting, selling, or licensing personal data of Oregonians without registration. The registration program will provide Oregonians with important information about what data brokers might have and how they can opt-out of the sale or request deletion of their […]
Alaska Issues Notice of Public Hearing
AK | The Alaska Department of Commerce, Community, and Economic Development has issued a Notice that the Worker’s Compensation Review and Advisory Committee’s first quarterly meeting of 2024 will be held January 11th at 10:00 am at the Anchorage Marriott Downtown, 820 W 7th Ave, Anchorage, Alaska. The purpose of the meeting is to discuss […]
ELANY 2023 Affidavit Filings and Premium Tax Reports
NY | The Excess Line Association of New York (“ELANY”) has issued Bulletin No. 2023-21. This Bulletin provides guidance on preparing and filing Premium Tax Statements and Affidavit filings. Click here for more information.