Missouri Issues Bulletin Regarding the Reporting of Cybersecurity Events
MO | The Missouri Department of Commerce & Insurance has issued Insurance Bulletin 23-04. The purpose of this Bulletin is to respond to and address inquiries the Department has received with regard to notification requirements for a cybersecurity event. Click here to continue reading.
Maryland Reminds Carriers of the Requirements of the Insurance Article
MD | The Maryland Insurance Administration has issued Revised Bulletin No. 23-18. The purpose of this Bulletin is to remind all carriers, as defined in § 33-101(c) of the Insurance Article, of the requirements of § 33-103. As of October 1, 2023, carriers are required to have in place a comprehensive written information security program […]
Louisiana Rescinds Bulletin Concerning Licensing Contact Updates
LA | The Louisiana Department of Insurance (LDI) has rescinded Bulletin 2018-02 as Regulation 117 establishes the same guidance as Bulletin 2018-02. Bulletin 2018-02 was originally issued to inform risk-bearing entities of their obligation to maintain and annually certify the accuracy of mandated contacts for that entity per Act 10 of 2018. Click here for […]
Maryland Reminds Carriers of Requirement to Have a Written Information Security & Incident Response Plan
MD | The Maryland Insurance Department has issued Bulletin 23-18 reminding all carriers of the requirements, as of October 1, 2023, to have in place a comprehensive written information security program based on the carrier’s risk assessment (“information security plan”) and a written incidentresponse plan (“response plan”) designed to promptly respond to, and recover from, […]
Rhode Island Issues Bulletin Concerning Fees Added to Insurance Policies by Insurers
RI | Rhode Island has issued Bulletin Number 2023-5. The purpose of this Bulletin is to clarify the position of the Department regarding the charging of fees in addition to policy premium on Property & Casualty insurance policies issued by admitted insurers. Click here for more information.
Louisiana Revises Advisory Letter to Update Contact Information for the Department of Insurance
LA | The Louisiana Department of Insurance (LDI) has revised and reissued Advisory Letter 2017-02 to update contact information for the LDI. Click here to read the revised and reissued Advisory Letter 2017-02.
California Announces Update to the List of Approved Surplus Line Insurers
CA | The California Department of Insurance (CDI) has updated the List of Approved Surplus Line Insurers (LASLI) to reflect that Independent Specialty Insurance Company has been renamed to Velocity Specialty Insurance Company, effective June 27, 2023. Click here for more information.
California Announces Name Change of Independent Specialty Insurance Company
CA | California has updated the List of Approved Surplus Line Insurers (LASLI) to reflect that Independent Specialty Insurance Company has been renamed to Velocity Specialty Insurance Company, effective June 27, 2023. Click here for more information.
Vermont Issues Bulletin Regarding Flood and Rain Events Claims Data Call
VT | The Vermont Department of Financial Regulation has issued Insurance Bulletin No. 227. On July 9, 2023, Governor Phil Scott declared a State of Emergency to enhance Vermont’spreparedness and expedite the response to the severe flooding and heavy rainfall that occurred in July 2023. Pursuant to 8 V.S.A. §13, Kevin J. Gaffney, Commissioner of […]
Washington Rule Eliminates Prelicensing Education Requirements for Insurance Producers
WA | The Commissioner is adopting rules to amend sections of Chapter 284-17 WAC following passage of HB 1061. HB 1061 changed the law by eliminating the requirement that an applicant for a resident insurance producer license complete a pre-licensure course of study for the lines of authority for which the person applied. This rulemaking […]