Illinois Provides Guidance for Group Capital Calculation Filing
IL | On January 20, 2023, the Illinois Department of Insurance issued Company Bulletin 2023-02. The bulletin provides guidance for domestic insurers on filing procedures for Group Capital Calculations (GCC), including instructions for requesting exemptions. Click here to read the bulletin for details.
Alaska Begins Annual Survey on Health Insurance
AK | The Alaska Division of Insurance today released Bulletin B 23-01. It calls for all insurers authorized the transact health insurance business in the state to complete the annual survey on health insurance. The Division reminds insurers that stop-loss insurance is considered health insurance in Alaska. Click here to read the bulletin for additional […]
Maryland DOI Issues Call for Contact Information
MD | The Maryland Insurance Administration today issued Bulletin 23-1. This bulletin requires insurers and similar organizations under its authority to provide contact information for the Administration’s use in the event of a disaster or catastrophic event. This information must be received by the close of business on April 14, 2023. Click here to read […]
Michigan Adjusts Net Worth Limit and Claim Cap for Insureds
MI | On January 18, 2023, the Michigan Department of Insurance and Financial Services released Bulletin 2023-02-INS. This bulletin announces the adjusted net worth limit and claim cap for insureds for 2023. The Department makes this annual adjustment in accordance with the Property and Casualty Guaranty Association Act. Click here to read the bulletin for […]
Delaware Addresses Captive’s Use of Brokerage Accounts
DE | On January 20, 2023, the Delaware Department of Insurance issued Captive Bulletin No. 12. The bulletin outlines the criteria under which a captive may use brokerage accounts for holding minimum capital and surplus. Click here to read the bulletin for additional information.
Louisiana Repeals Regulation 101
LA | The Louisiana Department of Insurance today announced the repeal of Regulation 101. This regulation concerns the registration and regulation of health insurance navigators. Click here to read the announcement for additional information.
Illinois Releases Private Passenger Motor Vehicle Insurance Fee Form
IL | The Illinois Department of Insurance today issued Company Bulletin 2023-01. All companies writing private passenger automobile insurance in Illinois must use the included form. Click here to see the form.
ELANY Reminds Licensees of Cybersecurity Compliance Filing Deadline
NY | The Excess Line Association of New York (ELANY) today issued Bulletin No. 2023-06. It reminds licensees of the need to certify compliance with the state’s cybersecurity regulation no later than April 15, 2023. Resident and non-resident individual and entity licensees are subject to this regulation and must either have an appropriate exemption on […]
Arizona Adds Carrier to Its Qualified Insurers List
AZ | The Surplus Line Association of Arizona today issued Member Bulletin 2023-01. It adds Awbury Insurance Company to the Director’s List of Qualified Unauthorized Surplus Lines Insurers, effective January 20, 2023. Click here to read the bulletin for more information.
DOI Extends Territory Expansion for SC Wind & Hail Underwriting Association
SC | The South Carolina Department of Insurance today issued Order No. 2023-01. It renews the December 4, 2020, expansion of the territory for the South Carolina Wind and Hail Underwriting Association. This provision allows SCWHUA to provide essential insurance coverage to coastal areas. Click here to read the order for further details.