Idaho Addresses Fire Concerns for Hyperbaric Chambers
ID | The Idaho Department of Insurance today issued Bulletin No. 23-01. It provides guidance for fire safety officials concerning fire safety standards when using hyperbaric chambers for oxygen therapy. Click here to read the bulletin for details.
New Mexico Explains Pharmacy Benefit Manager Licensing and Renewals Requirements for 2023
NM | The New Mexico Officer of Superintendent of Insurance today issued Bulletin 2023-001. It outlines licensing and licensure renewal requirements for pharmacy benefit managers for 2023 and beyond. Click here to read the bulletin for more details.
Michigan DIFS Updates Municipalities List for Fire Insurance Withholding Program
MI | The Michigan Department of Insurance and Financial Services today released Edition 151 of its List of Michigan Municipalities Participating in the Fire Insurance Withholding Program. The list takes effect on February 1, 2023. Click here to review the list and learn more about this program.
California Clarifies Requirement for Including License Numbers in Emails
CA | The California Insurance Commissioner’s Office today issued a revised notice providing additional guidance on when and how to include license numbers in emails used to conduct insurance business. The new requirement takes effect on January 1, 2023. Click here to read the revised notice and FAQ.
Colorado Authorizes Tolling of Benefits for Policyholders Impacted by Catastrophes
CO | The Colorado Division of Insurance today issued Emergency Regulation 22-E-21. This regulation authorizes the tolling of certain time limits of policyholder benefits for insureds impacted by catastrophic disasters such as the wildfires of recent years. The regulation takes effect on December 29, 2022. Click here to learn the specific benefits and qualifications involved.
Louisiana Offers Catastrophe Claims Process Disclosure Guide
LA | The Louisiana Department of Insurance today issued Bulletin 2022-09. This bulletin announces the availability of the state’s Catastrophe Claims Process Disclosure Guide and explains the appropriate use of this resource by property and casualty insurers. Click here to read the bulletin for additional information.
Louisiana Offers Handbook for Adjusting Catastrophe or Emergency Claims
LA | The Louisiana Department of Insurance today issued Bulletin 2022-10. This bulletin announces the availability of the state’s Handbook for Adjusting Catastrophe or Emergency Claims. Individuals registering as emergency adjusters now have 10 days to certify that they have read and understood the most recent edition of the Handbook. Click here to read the bulletin for additional […]
Pennsylvania Surplus Lines Agents Gross Premium Tax Report
PA | The surplus lines tax levied by the Commonwealth of Pennsylvania is three percent (3%) of taxable gross premiums less any return premium for insurance placed with either an eligible surplus lines insurer or other non-admitted insurer. Click here for more information.
New Mexico Provider Credentialing Reporting
NM | The New Mexico Office of Superintendent of Insurance has issued Bulletin 2022-024 providing guidance regarding provider credentialing reporting, due by May 1, 2023. Click here for more information.
New Mexico Wildfire Disaster Claims Data Call
NM | The Office of Superintendent of Insurance would like to remind companies of the requirement to submit wildfire related claims data per Bulletin 2022-012. As stated in Bulletin 2022-012, the January 15th, 2023 submission containing cumulative claims data as of December 31, 2022 will be the last report of the wildfire claims data, so […]