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New South Carolina Insurance Law Expands Regulatory Oversight and Capital Requirements

SC| The South Carolina Department of Insurance issued Bulletin 2025-04 to notify all insurers licensed in the state of significant amendments to Chapters 12 and 21 of Title 38, effective May 8, 2025, which impact regulatory oversight, investment limitations, and risk assessment requirements. The amendments to the Insurance Holding Company Regulatory Act introduce enhanced enterprise […]

Louisiana Issues Pre-Notice for 2025 Hurricane Insurance Claims Data Reporting

LA| The Louisiana Department of Insurance (LDI) issued Bulletin 2025-04 on June 27, 2025, providing advance notice to authorized property and casualty insurers and surplus lines insurers about potential mandatory claims data reporting requirements for the 2025 hurricane season. Insurers are required to prepare for possible data submissions following any named storm or hurricane, with […]

Oklahoma Revises Mandate Notice on Prompt Cybersecurity Event Reporting for Insurers

OK| The Revised Bulletin 2024-10 outlines new requirements under Oklahoma’s Insurance Data Security Act, effective July 1, 2024, for entities licensed by the Insurance Commissioner. The Act establishes exclusive state standards for data security, cybersecurity event investigation, and notification, with specific exemptions and phased compliance deadlines. Key obligations include annual reporting to boards of directors, […]

Illinois Sets August 2025 Deadline for Insurers’ Climate Risk Reporting

IL| The Illinois Department of Insurance has issued Bulletin 2025-11, requiring all licensed insurance companies with over $100 million in direct written premium nationwide in 2024 to complete and submit the TCFD-aligned NAIC Climate Risk Disclosure Survey by August 29, 2025. Companies may submit uniform group responses if policies and answers are consistent and must […]

Oklahoma Mandates Insurers Provide Building Code Coverage Regardless of Local Enforcement

OK| The attached Special Notice from the Oklahoma Insurance Department, dated June 26, 2025, addresses all property and casualty insurers licensed in Oklahoma. It clarifies that insurers must provide additional coverage for increased costs due to the enforcement of any law or ordinance regulating demolition, remodeling, renovation, or repair of covered buildings. Importantly, this coverage […]

Indiana Department of Insurance Second Notice on Annual Ownership Disclosures for Insurers, TPAs, and PBMs Starting July 2025

IN| The Indiana Department of Insurance’s Bulletin 279, informs all insurers, third-party administrators (TPAs), and pharmacy benefit managers (PBMs) doing business in Indiana of new annual ownership reporting requirements effective July 1, 2025, under Public Law 239-2025. Each year, these entities must report details to the Department about every individual or entity with at least […]

Maryland Insurance Commissioner Seeks Applicants for Life & Health, Property & Casualty Advisory Boards

MD| The Maryland Insurance Commissioner is seeking applications from actively licensed insurance producers and insurer employees or officers with experience in life and health or property and casualty insurance to fill vacancies on the Life and Health and Property and Casualty Advisory Boards. These volunteer board members will assist in reviewing continuing education courses, examinations, […]

Colorado Adopts Emergency Regulation to Provide State-Based Health Insurance Premium Subsidies

CO| The Colorado Division of Insurance’s Emergency Regulation 25-E-03 establishes standards for enhanced premium subsidies to maintain health insurance affordability if federal enhanced premium tax credits expire after December 31, 2025. The regulation requires carriers to provide state-funded premium subsidies to eligible enrollees—those with household incomes at or below 200% of the Federal Poverty Level—beginning […]