New Arizona Law Related to Dog Breeds and Homeowners Insurance
AZ| The Arizona Department of Insurance and Financial Institutions (DIFI) announces “Homeowner’s or renter’s insurance; dog breeds; prohibitions; definitions”. DIFI has made a Frequently Asked Question (FAQ) document and web page, AZ Dog Breeds and Homeowners Insurance, available to address questions. Effective June 30, 2023 Click here to see HB2323
Wyoming Requirements for Training on Annuity Suitability
WY | The Wyoming Department of Insurance today issued a memorandum to insurers, producers, and continuing education providers dealing with annuity products. It outlines new training requirements in response to the implementation of the annuity suitability/best interest standard. Click here to read the memo for more information.
Arkansas Provides Guidance for Carriers Regarding Cooperation with CID
AR | The Arkansas Insurance Department today issued Bulletin No. 10-2023. It provides guidance for insurance carriers to help them respond appropriately to requests to release information to the Criminal Investigation Division. The bulletin explains the communication process and confidentiality protections. Click here to read the bulletin for additional information.
Maine Provides Interim Guidance for Mandated Fertility Coverage
ME | The Maine Bureau of Insurance today issued Bulletin 467. It explains the mandate for fertility coverage which takes effect on January 1, 2024. The bulletin also offers guidance for carriers seeking to prepare or amend marketplace plan filings for Plan Year 2024. Click here to read the bulletin for more information.
Louisiana Amends Regulation 103: Utilization Review Organizations and Independent Review Organizations
LA | The Louisiana Department of Insurance amended Regulation 103, entitled “Utilization Review Organizations and Independent Review Organizations.” Regulation 103 was amended to provide the requirements for incomplete requests for external review as provided in Act 81 of the 2022 Regular Session of the Louisiana Legislature and to make technical changes. View Regulation 103 here.
OCS Explains Spill Recovery Process
PR | The Oficina del Comisionado de Seguros today issued Normative Letter CN-2023-336-D. It explains the process by which members of the Puerto Rico Miscellaneous Insurance Guaranty Association can recover spills paid to the association after the liquidation of Integrand Assurance Company, Inc. Recovery will be made beginning with all new policies and additional premium […]
Colorado Amends Requirements for ACA-Compliant Health Benefit Plans, Addresses COVID-19 Care Coverage
CO | The Colorado Division of Insurance today announced the amendment of two regulations concerning ACA-compliant health benefit plans. Click on the links below to read each regulation in full. Both these regulations take effect on July 15, 2023. The Division also adopted Bulletin No. B-4.132. It provides guidance for offering insurance coverage for COVID-19 vaccines […]
Georgia Warns About Fraudulent Audit Notices
GA | The Georgia Commissioner of Insurance and Safety Fire’s Office today issued Bulletin 23-EX-8. It warns pharmacies operating in Georgia of a scheme involving fraudulent audit notices from “Express Scripts” and “CVS Caremark.” The bulletin includes instructions on how to notify the Commissioner’s Office if you believe you have received such a notice. Click […]
New Mexico Rescinds Bulletin 2015-007
NM | The New Mexico Superintendent of Insurance’s Office today issued Bulletin 2023-012. It rescinds Bulletin 2015-007. Effective immediately, producers must fulfill the diligent search requirement before placing insurance on the surplus lines market. Click here to read the bulletin for more information.
Arizona Adds Carrier to Its Qualified Insurers List
AZ | The Surplus Line Association of Arizona today issued Member Bulletin 2023-05. It adds Cypress Property & Casualty Insurance Company to the Director’s List of Qualified Unauthorized Surplus Lines Insurers, effective May 19, 2023. Click here to read the bulletin for more information.