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Insurers Alerted: New Lower Premiums Proposed for Credit Accident and Health Coverage in SC

SC| The South Carolina Department of Insurance has issued Bulletin 2025-06 to notify insurers of tentative credit accident and health insurance rates for 2026, reflecting regulatory review and industry performance. The Department proposes a 15% rate reduction based on persistently low aggregate loss ratios observed from 2021 to 2024, and specifies new premium rates for […]

The Surplus Line Association of Idaho Announces New Idaho Surplus Line Broker Portal

ID| The August 7, 2025 Idaho SLA Announcement details the launch of the new Idaho Surplus Line Broker Portal, which will replace the current InsCipher Submission Portal on October 1, 2025, promising improved functionality and streamlined processes. Broker testing begins soon, with selected brokers participating and job aids provided, while users are advised to review […]

Oregon Adopts Stricter Licensing and Transparency Rules for Pharmacy Benefit Managers Starting August 2025

OR| Oregon Issues Administrative Order ID6-2025, a permanent rule order that updates Oregon’s regulations regarding Pharmacy Benefit Managers (PBMs) and insurer reporting on drug pricing and pharmacy benefit activities. It replaces “registration” requirements with a consistent “licensure” framework, aligns reporting and complaint processes with new and existing statutory requirements, adds detail to what PBMs and […]

Oregon Launches Separate Public Adjuster License, Effective August 2025

OR| The Oregon Division of Financial Regulation announces the creation of a new public adjuster license class, distinct from the independent adjuster license. Applicants can apply for a public adjuster license through NIPR, and paper applications for public adjusters will no longer be accepted after August 15, 2025. The memo also notes that licensees cannot […]

Mississippi Adds New Non-Admitted Insurer to Approved List

MS| Bulletin 25-19, issued by the Mississippi Surplus Lines Association, announces the addition of Dover Bay Specialty Insurance Company, NAIC #15894, to their list of approved unauthorized surplus lines insurers. Effective August 5, 2025. Click here to see MSLA Bulletin 25-19

Virginia Releases 2025 Guidelines for Domestic, Foreign, and Alien Insurer Licensing

VA| Administrative Letter 2025-03 from the Virginia Bureau of Insurance details the updated requirements for domestic, foreign, and alien insurance companies seeking licensure in Virginia, replacing prior guidance from Administrative Letter 2002-07. The letter outlines steps for application, capital and surplus minimums, service of process procedures, financial and operational expectations, and conditions for both tentative […]

Texas Legislature Passes Landmark 2025 Insurance Legislation Covering Rates, Coverage, and Safety

TX| The Texas Department of Insurance (TDI) issued a Bulletin B-0012-25 summarizing significant insurance-related laws enacted by the 89th Legislature in 2025. Several new requirements and reforms will affect entities regulated by TDI in areas including property & casualty, life & health, fire safety, and more. The laws include prohibitions on certain insurer practices, changes […]

Arkansas Insurance Department: Insurers Can Now Use Their Own Forms for Life Policy Replacements

AR| The Arkansas Insurance Department’s Bulletin No. 10-2025, issued August 4, 2025, rescinds Bulletin 8-2009 and advises that life insurers are no longer required to use the department’s specific replacement memorandum format when replacing life insurance policies or annuity contracts. Under the Life Insurance and Annuities Replacement Rule (23 CAR pt. 128), replacing producers must […]