Idaho Shares White List Update
ID | White List update for the most current listing select insurers. Click here for more information.
Michigan DIFS Updates Municipalities List for Fire Insurance Withholding Program
MI | The Michigan Department of Insurance and Financial Services today released Edition 150 of its List of Michigan Municipalities Participating in the Fire Insurance Withholding Program. The list takes effect on January 1, 2023. Click here to review the updated list.
Georgia Shares Annual Submission Of Mental Health Parity Comparative Analyses Report
GA | Insurers subject to the preceding Code section are required to submit data on mental health parity on an annual basis to the Office of the Commissioner of Insurance. Click here for more information.
Colorado Provides Guidance for Premium Rate Requirements for Colorado Option Standardized Health Benefit Plans
CO | The Colorado Division of Insurance today issued an amended Bulletin B-4.121. This bulletin provides carriers with additional guidance for complying with the premium rate requirements of the Colorado Option Standardized Health Benefit Plans. The amendment updates the consumer price index for urban consumers (CPI-U) metric used in the Colorado Option Premium Rate Reduction […]
New Jersey Shares Online Prelicensure Courses
NJ | The purpose of this bulletin is to provide notice to real estate schools, directors, instructors, and prospective/current students that effective August 29, 2023, prelicensure courses may be offered online on a permanent basis. At that time, courses may be offered online via on-demand and live-remote instruction. This bulletin does not impact Bulletin No. […]
New York DFS Circular Letter On Cannabis -Related Criminal Convictions And Insurance Underwriting
NY | The New York State Department of Financial Services has published Circular Letter No. 13 (2022) regarding cannabis-related criminal convictions and insurance underwriting. The circular letter’s requirements apply to, among others, licensed insurance producers, which include excess line brokers. Click here for more information.
California Declares an Additional Moratorium in Wake of Route Fire
CA | California Insurance Commissioner Richardo Lara today issued Bulletin 2022-15. The bulletin mandates a moratorium on cancellations and non-renewals of residential property insurance policies for policyholders impacted by the Route Fire. The moratorium took effect on November 9, 2022, and will continue for one year, unless otherwise mandated. Click here to read the bulletin for further details.
Application Of The Virginia Automobile Insurance Plan
VA | By submission received from the Automobile Insurance Plans Service Office on May 11, 2022, the Virginia Automobile Insurance Plan, on behalf of its members, requested approval of the following revisions to the commercial auto manual: An overall rate level change of +14.7%, distributed as follows: Liability:• Trucks, Tractors, Trailers +17.9%• Garages + 5.4%• […]
California Issues Moratorium on Cancellations and Non-Renewals of Policies of Residential Property Insurance
CA | Mandatory Moratorium on Cancellations and Non-Renewals of Policies of Residential Property Insurance After the Declaration of a State of Emergency. Click here for more information.
Michigan Adjusts Fire Insurance Maximum Escrow Amount
MI | The Michigan Department of Insurance and Financial Services today issued Bulletin 2022-20-INS. The bulletin lists the maximum escrow amount for municipalities participating in the state’s fire insurance withholding program. The new amount becomes effective January 1, 2023. Click here to read the bulletin for specific information.