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Rhode Island Actuarial Guideline XLVII

RI | The National Association of Insurance Commissioners has adopted the Term andUniversal Life Insurance Reserve Financing Model Regulation as an accreditation standard for continued accreditation by and membership in the NAIC for its members. Click here for more information.

Tennessee Reviews Fire Loss Reporting Requirements

TN | The Tennessee Department of Commerce & Insurance today issued Bulletin 22-04. This bulletin concerns annual reporting requirements for fire losses on insured properties. These reports are due on or before February 1, 2023. Click here to read the bulletin for further details.

ELANY Offers Instructional Video for Premium Tax Filings

NY | The Excess Line Association of New York (ELANY) today issued Bulletin No. 2022-22. It announces the availability of an instructional video to help licensees prepare 2022 affidavit filing and premium tax reports. The bulletin also shares best practices for preparing and submitting annual tax summary reports. Click here to read the bulletin in […]

ELANY Reminds Filers to Verify Insurer Eligibility

NY | The Excess Line Association of New York (ELANY) today issued Bulletin 2022-23. It reminds brokers to verify the eligibility of excess line insurers before placing business with that entity. ELANY reminds brokers that excess line placements made with ineligible insurers violate the insurance law, cannot be processed, and may subject the broker to […]

New Mexico OSI Approves Decrease In Workers’ Compensation Loss Costs

NM | The Office of Superintendent of Insurance (OSI) has recently approved a rate proposal submitted by the National Council on Compensation Insurance (NCCI) that will reduce voluntary workers’ compensation loss costs by an average of 10.7 percent, to become effective for policies renewing on or after January 1, 2023. This marks the eighth consecutive […]

Verify Insurer Eligibility Before Placing Business In New York

NY | A large number of new insurer startups have entered the E&S Market recently. Several of these insurers have issued quotes on New York risks without first establishing that the insurer meets New York’s eligibility requirements. Click her for more information.

Texas Shares Average Annual Employee Salary Rates and Overhead Assessment Rates

TX | The subject of this order is the establishment of the average annual examiners and other Texas Department of Insurance (TDI) employee’s salary rates and overhead assessment rates, under 28 Texas Administrative Code (TAC) § 7.1001(e), to ensure that TDI has sufficient funds to cover its examination expenses. Click here for more information.