Colorado Adopts New Regulation for Hospital/Provider Reimbursement Rates
CO | The Colorado Division of Insurance today issued Bulletin No. B-4.127. It provides guidance for how the Commissioner of Insurance will establish a hospital and healthcare provider reimbursement rate that may be applied by the Commissioner as part of a public hearing for the Colorado Option premium rate reduction requirements on standardized health benefits […]
California Provides Notice of 2022 Insurance (Premium) Tax Filing Information
CA | The California Insurance Commissioner’s Office today issued a notice to admitted insurers and surplus lines brokers regarding 2022 premium tax filings. The notice includes premium tax filing deadlines, requirements, and procedures. Click here to read the notice in full.
Michigan Issues December PRIRA Cases
MI | The Michigan Department of Insurance and Financial Services issued a number of new PRIRA cases in the month of December 2022. Click here to review the cases in detail.
California Increases Private Passenger Motor Vehicle Financial Responsibility Requirements
CA | The California Insurance Commissioner’s Office today issued Bulletin 2023-1. It reminds all automobile liability insurers of their obligation to file Prior Approval Rate Applications with the Department by July 1, 2023. This requirement reflects new financial responsibility laws going into effect on or after January 1, 2025. Click here to read the bulletin […]
Puerto Rico Issues Statistical Data Collection Form
PR | The Oficina del Comisionado de Seguros today issued Carta Normativa CN-2023-331-AP. All insurers authorized to process property and casualty insurance, including eligible surplus lines insurers, must complete the statistical data collection form accompanying this regulatory letter on or before February 10, 2023. Click here to read the letter for additional information. Instructions and […]
California SLA Shares Announcement Regarding Fraud Component Requirement in Ethics Courses
CA | Effective March 1, 2023, an hour of anti-fraud training will be mandatory in ethics courses for agents’ and brokers’. The added hour of anti-fraud training will not extend the courses by an hour, but will replace one hour of content previously included in those courses. Click here for more information.
FSLSO Issues Weekly Wire for January 26, 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.
Louisiana Expands Living Expense Coverage
LA | The Louisiana Department of Insurance today issued Directive 220. This directive requires property and casualty and surplus lines insurers issuing homeowners policies in the state to expand their coverage of living expenses for insureds who have suffered a total loss. The requirement also applies to existing policies, which must be amended accordingly. Click […]
Louisiana Offers Underwriting Guidance
LA | The Louisiana Department of Insurance today issued Bulletin 2023-01. It addresses the need for property and casualty and surplus lines insurers to use crime statistics appropriately when underwriting and rating property insurance policies in particular areas. Click here to read the bulletin for details.
Colorado Adopts and Amends Regulations
CO | The Colorado Division of Insurance today announced the adoption of the following amended and new regulations: These regulations take effect on March 17, 2020. Click on the links above to read each regulation for additional information.