Surplus Lines Stamping Office of Texas November 2023 Filings Reach $1.1B
TX | SLTX recorded $1.12B in November. This represents an 8.0% increase over November 2022, and 25.9% increase year-to-date. Click here for more information.
Washington Provides Guidance Regarding How to File a Petition for Removal of an Email-Based Violation Under HB 1266
WA | Washington state recently passed HB 1266 (leg.wa.gov). Licensees who have an email-based violation on their disciplinary records will be able to petition the OIC to have the disciplinary information removed from their state and national public records and receive a refund for any fines that resulted from the violations. Click here to continue reading.
Arkansas Share the Savings Legislation, Act 333 of 2023
AR | The Arkansas Insurance Department has issued Bulletin 19-2023. This Bulletin is issued to health insurers, health maintenance organizations (“HMOs”), hospital and medical services corporations, and pharmacy benefit managers (“PBMs”), subject to the legislation, transacting business in Arkansas in the fully insured or state-regulated health markets. The purpose of this bulletin is to provide […]
Michigan Issues Bulletin Concerning the Annual Adjustment of the Fire Insurance Maximum Escrow
MI | The Michigan Department of Insurance and Financial Services has issued Bulletin 2023-22-INS. The adjusted fire insurance maximum withholding amount, effective January 1, 2024 through December 31, 2024, is $15,520. Click here to for more information.
Arkansas Business Days and Hours in the Prior Authorization Transparency Act
AR | The Arkansas Insurance Commissioner (“Commissioner”) issues the following guidance pertaining to the Prior Authorization Transparency Act, codified at Ark. Code Ann. §§ 23-99 1101 et seq (hereafter, the “Prior Authorization Act”). This guidance addresses what constitutes a business day and business hours under the Prior Authorization Act. Click here to continue reading.
Hawaii Clarifies Insurance Commissioner’s Memo 2023-3A, Issued August 16, 2023
HI | Hawaii Department of Commerce and Consumer Affairs Insurance Division has issued Memorandum 2023-7A. This Memorandum clarifies the Insurance Commissioner’s Memorandum 2023-3A, issued on August 16, 2023, in which the Insurance Commissioner encouraged insurers selling insurance coverage in the State for all lines of insurance to be mindful of the residents who have lost […]
Hawaii Provides Clarification to Memorandum 2023-3A
HI | The Hawaii Insurance Division has issued Memorandum 2023-7A clarifying Memorandum 2023-3A, issued on August 16, 2023, in which the Insurance Commissioner encouraged insurers selling insurance coverage in the State for all lines of insurance to be mindful of the residents who have lost their homes, businesses and employment due to the wildfires. The […]
Idaho Issues Bulletin Regarding Updates to the White List, 2023 Policy Filing Deadlines, & Information Regarding Duplicate and Misfiled Transactions
ID | The Surplus Line Association of Idaho has issued a Bulletin announcing: Click here for more information.
Kentucky Issues Bulletin Regarding Requirements for Electronic Filings
KY | The Kentucky Department of Insurance has issued Bulletin 2023-05. The purpose of this bulletin is for the Department to advise all insurance companies regarding compliance with statutory requirements for electronic filing of all financial documents, including annual statements. Click here for more information.
Pennsylvania Issues Eligible Surplus Lines Insurer List Updates
PA | The Pennsylvania Surplus Lines Association has issued its Eligible Surplus Lines Insurer List Updates as of November 20, 2023. Click here for more information.