Delaware Implements Regulation 1322
DE | The Delaware Department of Insurance today issued Domestic and Foreign Insurers Bulletin No. 138. It provides instructions to insurers and other entities subject to Regulation 1322 for completing the 2023 Affordability Standards Data Submission (ASDS) template. Deadlines for submitting this information to the DOI are: LINE OF BUSINESS DEADLINE Individual June 15, 2023 […]
California Updates LASLI
CA | The Surplus Line Association of California today issued Bulletin #1447. It announces the removal of Catlin Specialty Insurance Company from the List of Approved Surplus Line Insurers (LASLI), effective December 29, 2022. Click here to read the bulletin in full.
Vermont Offers Guidance for Value-Added Products and Services
VT | The Vermont Department of Financial Regulation today issued Bulletin 222. It explains how insurers can offer value-added products and services without violating the state’s prohibition on discrimination or rebates. Click here to read the bulletin for specifics.
Mississippi Provides Guidance for Form and Rate Filings
MS | The Mississippi Insurance Department today issued Bulletin 2023-1. It provides guidance for filers of individual, small group, and stand-alone dental plans for Plan Year 2024. Click here to read the bulletin for specifics.
Minnesota Announces Upcoming Employment Tax Seminars
Want to learn more about state employment taxes and other employer responsibilities? The Minnesota Business Tax Education Partnership is holding seminars for employers and their representatives with experts from these agencies: • Minnesota Department of Revenue• Minnesota Unemployment Insurance Program• Minnesota Workers’ Compensation Insurers Association* Note: Only the March 22 seminar will include a Minnesota […]
Michigan Surety Bond Requirements for Vehicle Dealers
MI | This bulletin provides notice to insurance companies that offer surety bonds to Michigan vehicle dealers licensed under MCL 257.248 of an increase in the surety bond requirements. Beginning January 23, 2023, Class A, B, and D vehicle dealers must maintain a surety bond in the amount of $25,000, which is an increase from […]
Michigan Increases Surety Bond Amount for Vehicle Dealers
MI | The Michigan Department of Insurance and Financial Services today issued Bulletin 2023-06-INS. It announces an increase in the value of surety bonds required from vehicle dealers. Beginning January 23. 2023, Class A, B, and D dealers must maintain a bond of $25,000. Click here to read the bulletin for additional information.
Reminder Circular Letter: Insurance Business Annual Report and Employment Annual Report
PR | The Oficina del Comisionado de Seguros today issued Circular Letter No. CC-2023-2011-ES. It reminds all producers, authorized representatives, adjusters, general agents, attorneys-in-fact, and insurance consultants — both individuals and corporations — authorized to do business in the jurisdiction of the requirement to submit annual business reports and annual reports of direct jobs generated […]
Michigan Identifies Requirements for Standardized Electronic Prior Authorization Transaction Process
MI | The Michigan Department of Insurance and Financial Services today issued Bulletin 2023-05-INS. It identifies the requirements pertaining to the standardized electronic prior authorization transactionprocess defined in MCL 500.2212e(17)(n). Insurers falling under this regulation must submit information about their process via SERFF no later than May 1, 2023. Click here for further details.
Minnesota Addresses Zip Code Reporting
MN | The Minnesota Commerce Department today issued Administrative Bulletin 2023-1. It reminds insurance companies writing homeowner insurance of the requirement to file an annual zip code report on or before May 1. The requirement involves properties located in the seven-county metropolitan area or a city of the first class. Click here to read the […]