PSLA Discusses Impact of New Insurance Data Security Act for Surplus Lines Licensees, Carriers
PA | The Pennsylvania Surplus Lines Association today issued a bulletin explaining how the state’s Insurance Data Security Act will impact participants in the non-admitted market. The law will not take effect until December 11, 2023. Non-admitted insurers do not fall under the authority of the Act, but licensed individuals and entities do. The Pennsylvania […]
AID Explains Application of Prior Authorization Law to Non-Physician Healthcare Providers
AR | The Arkansas Insurance Department today issued Bulletin No. 12-2023. It explains that the Arkansas Prior Authorization Act and its subsequent amendments apply to physical therapists, occupational therapists, and speech pathologists when they act within the scope of their professional licenses. The bulletin includes the definition of “provider” from the relevant code. Click here […]
Montana Issues Notices of Proposed Amendments
MT | The Commissioner of Securities and Insurance recently issued MAR 6-273 and MAR 6-276. These are proposed amendments, but public hearings are not contemplated. Click on the links below to read each announcement in full.
Arizona Adds Carrier to Its Qualified Insurers List
AZ | The Surplus Line Association of Arizona today issued Member Bulletin 2023-09. It adds Specialty Builders Insurance Company to the Director’s List of Qualified Unauthorized Surplus Lines Insurers, effective August 17, 2021. Click here to read the bulletin for more information.
Alabama Updates Insurance Licensing and Compliance Requirements
AL | The Alabama Department of Insurance has updated several regulations concerning licensing and compliance requirements for several categories of insurance professionals. Click on the links below to review the amended regulations. The new regulations take effect on January 1, 2024.
Utah Reminds Insurers About Notice of Termination for Cause Requirements
UT | The Utah Insurance Department today issued Bulletin 2023-6. It reminds title insurers and agency title insurance producers of the requirement to notify the Department when an agency or individual title producer is terminated for cause. The bulletin outlines the notification procedures. Click here to read the bulletin for further details.
Maryland Adds Flood Insurance to CE Requirements
MD | Effective October 1, 2023, a producer licensed to sell property and casualty insurance and who sells flood insurance, homeowners insurance, or commercial property insurance must obtain at least 2 hours of continuing education that directly relates to flood insurance as part of the required hours of continuing education. Click here to read the […]
SC Announces Safe Home Mitigation Grant Program
SC | The South Carolina Department of Insurance today issued Bulletin 2023-02. It outlines the program revisions, maximum grant amounts, grant funding cycles, and application procedures for the SC Safe Home Mitigation Grant Program. Property insurers doing business in the state are the primary funding source for the grant program. Click here to read the […]
Secretary of State’s Securities Division Modernizes Outdated Administrative Regulations
NV | Today, Secretary of State Francisco V. Aguilar and the Securities Division announced the adoption of updated regulations pertaining to Chapter 90 of the Nevada Administrative Code. The proposed regulations from the Securities Division cleaned up and clarified outdated regulations within Nevada State law. “These regulation updates are years overdue – our small business […]
Illinois Issues Company Bulletin 2023-06
IL | The Illinois Department of Insurance today issued Company Bulletin 2023-06. It outlines the requirements and procedures for accident and health and managed care plan providers to submit non-quantitative limitation (NQTL) comparative analyses. Click here to read the bulletin for more information.