Maryland Explains New Law’s Impact on Condo Insurance Requirements
MD | The Maryland Insurance Division today issued Bulletin 23-15. It explains changes to the homeowners’ insurance requirements for owners of residential, detached units resulting from the passage of House Bill 98. The changes take effect on October 1, 2023. Click here to read the bulletin for more information.
Wisconsin Issues Revised Prima Facie Credit Life and Credit Accident and Sickness Insurance Rates
WI | The Office of the Commissioner of Insurance today issued Bulletin 20230928. It provides written notice of the new basic loss ratio for credit life insurance and the new prima facie rates for credit life insurance and credit accident and sickness insurance to become effective for the three-year period beginning on January 1, 2024. […]
Virginia Announces Change to Rules for Compensation Insurance
VA | The Virginia Bureau of Insurance today issued Administrative Order No. 12178. It amends the National Council on Compensation Insurance’s Basic Manual for writing Worker’s Compensation Insurance. Specifically, the changes address how services charges and automatic gratuities are handled. Click here to read the order in full.
Arkansas Announces Rural Risk Underwriting Assessment
AR | The Arkansas Insurance Department today issued Bulletin No. 15-2023. It announces an assessment for 2023 of $200.00 per company by the Arkansas Rural Risk Underwriting Association. The assessment is due by December 31, 2023. Click here to read the bulletin for further details.
California Gives Notices of Withdrawal for Underwritten Title Companies
CA | The California Insurance Commissioner today issued notices of withdrawal for the following underwritten title companies. Click on the links below for further details.
OCS Announces Virtual Meeting of SIMED
PR | The Office of the Commissioner of Insurance today issued Circular Letter No. CC-2023-2021-AF. It announces a virtual meeting of the Insurers Syndicate for the Joint Underwriting of Medical-Hospital Professional Liability Insurance. The meeting will take place on October 26, 2023, at 9:00 am. The letter includes the Designation of Authorized Representative form. Click […]
ELANY Explains Financial Security Standard for Insurers
NY | The Excess Line Association of New York (ELANY) today issued Bulletin No. 2023-20. It explains the association’s standards and procedures for evaluating the financial security of insurers listed on its List of E&S Insurers. The bulletin also stresses the greater duty that brokers assume when placing business with unlisted or unrated insurers. Click […]
Oregon Provides Guidance for Health Insurers in the Wake of Wildfires and Declared Emergencies
OR | The Oregon Division of Financial Regulation today issued Bulletin No. DFR-2023-2. It explains the division’s expectations for claims handling by health insurers for policyholders affected by wildfires and other declared emergencies. Click here to read the bulletin for specifics.
Florida Calls for Hurricane Ian Enhanced Catastrophe Reporting
FL | The Florida Office of Insurance Regulations today issued a notice to insurers requiring enhanced catastrophe reporting for Hurricane Ian for September 2023. Insurers should file a 2023 Catastrophe Reporting Form (CRF) through the Insurance Regulation Filing System (IRFS) by Wednesday, September 27. Data must be submitted by 12:00 pm ET. The data call notice […]
Michigan Issues August 2023 PRIRA Cases
MI | The Michigan Department of Insurance and Financial Services today issued its list of new PRIRA cases for August 2023. Click here to review the cases in detail.