Illinois Department of Insurance Sets 2.75% Exchange Fee for State-Based Marketplace Plans
IL| The Illinois Department of Insurance issued an addendum (Company Bulletin 2025-09) to clarify guidance for accident and health insurance and managed care plan filings for Plan Year 2026, acknowledging that some regulatory items, including MOOP (Maximum Out-of-Pocket) amounts, remain unfinalized and may require later adjustments. Insurers are instructed to: Click here to read IL […]
Two New Foreign Insurers Join ELANY’s Approved Excess & Surplus Market
NY| The Excess Line Association of New York (ELANY) has announced updates to its list of eligible Excess & Surplus (E&S) insurers as of May 29, 2025. Two new foreign insurers have been added to ELANY’s list, which means excess line brokers are relieved from certain recordkeeping requirements when placing business with these companies, as […]
CDI Schedules June 17, 2025 Export List Hearing to Consider Additional Flood Insurance Coverage
CA| Commissioner Ricardo Lara has issued an amended notice for the California Department of Insurance’s Export List hearing, now scheduled for June 17, 2025, at 10:00 a.m. PDT. The amendment adds “Private, Non-Excess, Residential Flood Insurance” to the list of coverage items under consideration, in addition to the ten coverage additions and modifications previously listed. […]
Tennessee Secretary of State Unveils Enhanced Charity and Business Filing System After Customer Feedback
TN| On May 29, 2025, the Tennessee Secretary of State sent an email message to to all registered Corporations to provide an update on the transition from the old TNBEAR system to the new Tennessee Charity and Business Filing System (TNCaB), acknowledging both the challenges and improvements made based on customer feedback. The office appreciates […]
The Pennsylvania Surplus Lines Association Updates Eligible Surplus Lines Insurer List
PA| The Pennsylvania Surplus Lines Association (PSLA) has updated its Eligible Surplus Lines Insurer List as of May 28, 2025, offering a refreshed resource for insurance professionals and consumers seeking coverage unavailable from licensed insurers. The master list is maintained annually and can be accessed here. Updates between annual publication are available online and sent […]
Colorado Insurance Division Sets July 2025 Effective Date for Small Group Plan Reforms
CO| Colorado Regulation 4-2-105, which establishes requirements for carriers offering Colorado Option Standardized Health Benefit Plans in the small group market, effective July 15, 2025. The regulation ensures that carriers must offer standardized plans in the same manner as non-standardized plans and prohibits restrictions on producers’ ability to sell these plans. Click here to see […]
Colorado Issues New Regulation Allowing Insurers to Recoup FAIR Plan Startup Fees via Policy Surcharges
CO| Colorado‘s new Regulation 5-4-1, which establishes the process for member insurers to recoup startup fees paid to the Colorado FAIR Plan Association through surcharges on property and commercial property insurance policies. The regulation ensures transparency, fairness, and oversight in the recoupment process, requiring clear disclosure to policyholders and regulatory approval of surcharge filings. It […]
California Raises Financial Thresholds for Commercial Insurance Exemption in 2025
CA| The California Department of Insurance, through Bulletin 2025-10, announces a 22.7% increase in the financial thresholds for the “commercial insured” exemption under Insurance Code Section 1760.1(b), effective January 1, 2025. This adjustment, based on changes in the Consumer Price Index from June 2019 to June 2024 and adopting the NAIC’s calculations, raises the minimum […]
Kentucky General Assembly Enacts Sweeping Insurance Reforms Effective in 2025 and 2026
KY| The Kentucky Department of Insurance Bulletin 2025-02 summarizes new insurance-related laws passed by the 2025 Kentucky General Assembly. Most laws become effective June 27, 2025, unless otherwise noted. Key legislation includes privacy protections for drone use by insurers, new regulations for freestanding birthing centers, insurance regulatory sandbox extensions, dental benefit assignment requirements, consumer protections […]
Delaware Delays Statewide Trade Name Registration Overhaul to February 2026
DE| Delaware business owners with trade names or DBAs will now see the major changes to DBA/Trade Name registration in early 2026, with further instructions and outreach to be provided by the Delaware Division of Revenue before then. Original Start date was set for June 2, 2025; No action is required until new guidance is […]