Utah Announces Its Calendar Year 2024 Insulin Prescription Caps
UT | The Utah Insurance Department today issued Bulletin 2023-3. It notifies insurers offering health benefit plans of the annual inflation adjustment cap to the average wholesale price for insulin. Click here to read the bulletin for specifics.
FSLSO Issues Weekly Wire for March 2, 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.
Colorado Provides Guidance on Calculating Hospital and Provider Reimbursement Rates
CO | The Colorado Division of Insurance today issued Revised Bulletin No. B-4.127. It concerns the methodology used for calculating hospital and provider reimbursement rates to support the premium rate reduction requirements for Colorado Option Standardized Health Benefit Plans. Click here to read the bulletin for additional information.
Utah Offers Guidance to Title Producers
UT | The Utah Insurance Department today issued Bulletin 2023-2. It offers guidance for title insurance producers who receive an offer from a mortgage lender to act as a settling agent for loans that utilize an Attorney Opinion Letter (AOL). Click here to read the bulletin for additional information.
Connecticut Provides New FAQ for Adjuster/MVPD Appraiser Licensing
CT | The Connecticut Insurance Department today issued a communication that addresses frequently asked questions concerning the licensing of and renewal of licenses for adjusters and motor vehicle physical damage (MVPD) appraisers. Click here to review the FAQ.
North Dakota Addresses Denial of LTC Benefits Based on Facility Licensure
ND | The North Dakota Insurance Department today issued Bulletin 2023-1. It reminds carriers offering health insurance policies of the proper procedures for considering the approval of long-term care or nursing home benefits. Click here to read the bulletin for specifics.
TDI Announces Revised NCCI Advisory Loss Costs, Instructions on Making Rate Filings
TX | The Texas Department of Insurance today issued Commissioner’s Bulletin B-0001-23. It notifies all insurance companies writing workers’ compensation and employers’ liability insurance in Texas that for policies with an effective date on or after July 1, 2023, insurance companies must use one of the following rate bases: For policies with an effective date […]
Michigan Extends Transitional Period for ACA Market Reforms
MI | On February 14, 2023, the Michigan Department of Insurance and Financial Services issued Order No. 2023-11-M. Per this order, DIFS will allow transitional policies for non-grandfathered individual and small group insurance plans that have been continuously renewed since 2014, to continue through at least December 31, 2023. At that point, DIFS will reevaluate […]
California Gives Notice of Significant Laws
CA | The Office of the California Insurance Commissioner today issued a notice advising residential property insurers, independent adjusters, insurance agents/brokers, etc. of state laws that significantly impact this market. This includes laws related to declared states of emergency. Click here to read the notice in full.
Kentucky Announces Change to Error Tolerance Rates for Market Conduct Examinations
KY | The Kentucky Department of Insurance today issued Bulletin 2023-001. It provides a new schedule of error tolerance rates that will be applied during market conduct examinations. The new rates take effect on July 1, 2023. Click here to read the bulletin for details.