New York Amends Insurance Regulation 221
NY | The New York Department of Financial Services recently announced the emergency adoption of Amendment 1 to 11 NYCRR 451 (Insurance Regulation 221). The regulation concerns the registration of pharmacy benefit managers. Click here to read the notice of adoption for further details.
Oklahoma Announces Special Enrollment Period for Medicare Supplements
OK | The Oklahoma Insurance Department today issued Bulletin No. 2-2023. It announces a special enrollment period (SEP) for Medicare supplement policies for Oklahomans disenrolled from SoonerCare. The bulletin outlines eligibility criteria for applicants. Insurance companies cannot refuse to sell a policy to beneficiaries who fall under the SEP or charge higher premiums because of […]
Idaho Advises Authorized Insurers on Preparation of 2023 Financial Statements
ID | The Idaho Department of Insurance today issued Bulletin No. 23-05. It provides guidance regarding the use of the March 2023 edition of the NAIC’s Accounting Practices and Procedures Manual and January 1, 2023, edition of the NAIC’s Valuation Manual when preparing and filing 2023 quarterly and annual financial statements. Click here to read […]
Louisiana Revises/Reissues Bulletin 2022-09
LA | The Louisiana Department of Insurance today revised and reissued Bulletin 2022-09. This bulletin concerns the state’s Catastrophe Claims Process Disclosure Guide. Click here to read the bulletin for details.
FSLSO Issues Weekly Wire for March 30, 2023
FL | The Florida Surplus Lines Services Office today publishes the latest issue of its e-newsletter, Weekly Wire. Featured stories include: Click here to read the newsletter.
Michigan Issues Form and Rate Filing Requirements for Medical Plans, Stand-Alone Dental Plans
MI | The Michigan Department of Insurance and Financial Services today issued two new bulletins concerning form and rate filing requirements. Click on the links below to read each bulletin for details.
Louisiana Rescinds Directive 218-R
LA | The Louisiana Department of Insurance today announced that it is rescinding Directive 218-R, issued on September 7, 2021. The directive, which concerned the mandatory payment of expenses incurred by policyholders evacuating and/or prohibited from using their premises due to Hurricane Ida, has been deemed invalid and unenforceable. Click here to read the announcement […]
California Reminds Licensees to Report Changes in Background Information
CA | The California Insurance Commissioner today issued a notice reminding licensees of their obligation to report changes in background information within thirty (30) days of becoming aware of such a change. The notice details the types of changes that must be reported as well as the procedure for doing so. Click here to read […]
Puerto Rico Amends Ruling Letter 2022-324-D
PR | The Oficina del Comisionado de Seguros today issued Ruling Letter 2023-334-D. It amends Ruling Letter 2022-324-D issued on October 26, 2022. That letter implemented the PR Insurance Data Collection Report for Hurricane Fiona. The filing of information for this report requires the use of the Complaint Management System to submit this information through […]
Louisiana Rescinds Directive 219-R
LA | The Louisiana Department of Insurance today rescinded Directive 219-R. The directive, originally issued on January 24, 2022, concerned anti-public adjuster clauses in policy provisions or endorsements. A recent court decision declared the directive invalid. Click here to read the bulletin for more information