OSI Acts to Minimize Coverage Disruptions After Federal Medicaid Continuous Coverage Requirement Expires
NM | The Office of Superintendent of Insurance today issued Bulletin 2023-004. It establishes the Medicaid Transition Premium Relief Program for the 2023 Plan Year. The plan maintains continuity of health care coverage for consumers who will qualify for coverage through the New Mexico Health Insurance Exchange (NMHIX) after the Medicaid Continuous Coverage Requirement expires. […]
Vermont Issues Bulletin Concerning Workers’ Compensation Insurance
VT | The Department of Financial Regulation today issued Insurance Bulletin 223. It clarifies the interplay between workers’ compensation premiums and the state’s Premium Pay for Workforce Recruitment and Retention Grant Program. Click here to read the bulletin for additional information.
Virginia Amends Compensation Insurance Manuals
VA | The Virginia Bureau of Insurance today issued Administrative Order No. 12166. It amends the National Council on Compensation Insurance’s Residual Market Manual and Statistical Plan Manual for Writing Workers’ Compensation Insurance in Virginia. The amended manuals are approved for use on new and renewal policies effective on or after April 1, 2023. Click […]
Oregon Adopts Updated Language for Co-Insureds in Personal Property and Casualty Policies
OR | On February 9, 2023, the Oregon Division of Financial Regulation issued Permanent Administrative Order ID 3-2023. This order revised the language used for co-insureds in personal property and casualty policies. The new rules take effect on March 1, 2023. Click here to read the order for further details.
Idaho Clarifies Guaranty Association Assessment Offset Exceptions for 2021 Payments
ID | The Idaho Department of Insurance today issued Bulletin No. 23-03. It announces the Department’s intent to allow a refund of any amount overpaid on the carrier’s 2021 premium taxes due to not offsettingup to twenty percent of the guaranty association assessment paid in 2021. Click here to read the bulletin for additional information.
FSLSO Issues Weekly Wire for February 23, 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.
Illinois Issues Health Insurance Data Call
IL | The Illinois Department of Insurance today issued Company Bulletin 2023-02. This is a data call to all companies with current or historical individual businesses in the state. Responses are due by March 10, 2023. Click here to read the announcement for further details.
Maryland Explains New Guarantee Issue Requirements
MD | The Maryland Insurance Administration today issued Bulletin 23-4. It reminds carriers that offer individual or group Medicare supplement policies of their obligations under recently passed legislation. The bulletin also explains new guarantee issue requirements for certain individuals. Click here to read the bulletin for additional details.
Louisiana DOI Amends Regulation 42
LA | The Louisiana Department of Insurance today announced the amendment of Regulation 42. The regulation concerns group self-insurance rates. The amendment updates language and procedures to conform with current law. Click here to read the announcement for additional information.
Maryland Addresses Underwriting Considerations for High-Risk Cars
MD | The Maryland Insurance Administration today issued Bulletin 23-3. It reminds motor vehicle liability insurance underwriters of the state’s standards for fairness in underwriting. The Administration provides this guidance in response to an increase in thefts for certain models of Hyundai and Kia automobiles. Click here to read the bulletin for additional details.