Surplus Line Association of California Reminds Broker Entities of Mandatory Individual License Endorsement
CA| The Surplus Line Association of California (SLA) issued Bulletin #1508 on June 24, 2025, reminding surplus line broker business entities that California law requires at least one individually licensed surplus line broker to be endorsed to the business entity license via a Business Entity Endorsement filed with the California Department of Insurance through Sircon. […]
Louisiana Sets New Rules for Insurers on Homeowners Policy Nonrenewals After Three Years in Effect
LA| Regulation 131, promulgated by the Louisiana Department of Insurance, establishes the process and requirements for insurers seeking to nonrenew or cancel homeowners insurance policies that have been in effect for more than three years as of August 1, 2024. The regulation allows insurers to nonrenew or cancel up to 5% of such policies in […]
New Mexico Updates Surprise Billing Data Reporting: Carriers Face Expanded Requirements and Stricter Deadlines
NM| In Bulletin 2025-003 from the New Mexico Office of Superintendent of Insurance outlines updated requirements for health care carriers regarding the Surprise Billing Protection Act. The document details new data reporting expectations for plan years 2021, 2022, and 2024, including expanded data fields and revised submission protocols to enhance oversight of out-of-network billing practices […]
Kansas Legislature Passes Sweeping Changes to Insurance Regulation and Enforcement
KS| Kansas Senate Bill 42, passed during the 2025-2026 legislative session, introduces sweeping changes to the state’s insurance laws and compliance requirements. The bill also broadens definitions and penalties for unfair insurance practices, strengthens consumer privacy and disclosure standards, and provides the Commissioner with expanded enforcement authority, including immediate cease-and-desist orders and increased fines for […]
Illinois Confirms Continued Enforcement of 2024 Mental Health Parity Rule Despite Federal Shift
IL| The Illinois Department of Insurance issued Company Bulletin 2025-10 stating that, despite the U.S. Department of Health and Human Services’ recent decision not to enforce the 2024 amendments to the Mental Health Parity and Addiction Equity Act (MHPAEA), Illinois will continue to enforce these new federal requirements for health insurers and HMOs under state […]
Mississippi Notice of New Addition to List of Approved Non-Admitted Insurers
MS| Bulletin 25-18, issued by the Mississippi Surplus Lines Association, announces the addition of Calais Reciprocal Insurance Exchange, NAIC #17805, to their list of approved unauthorized surplus lines insurers. Effective June 20, 2025. Click here to see MSLA Bulletin 25-18
New Law Declares Post-Loss Benefit Assignments Void and Unenforceable in Louisiana
LA| The Louisiana Department of Insurance issued Advisory Letter 2025-02 to notify all property and casualty insurers, producers, public adjusters, and others doing business in Louisiana that Act 364 of the 2023 Legislative Session (La. R.S. 22:1275) prohibits the solicitation or acceptance of assignment of benefit (AOB) agreements for post-loss insurance benefits under residential or […]
Hawaiʻi Offers New Excess Hurricane Coverage for High-Value Properties
HI| Memorandum 2025-2A, from the Hawaiʻi Insurance Division, announces that the Hawaiʻi Hurricane Relief Fund (HHRF) will begin accepting applications on June 24, 2025, to offer commercial hurricane property insurance to Condominium and Townhouse Associations of Apartment Owners (AOAOs) who are unable to obtain adequate coverage due to the property insurance market crisis. The program, […]
California Department of Insurance Orders Immediate Halt to Unauthorized Property and Casualty Pricing
CA| The California Department of Insurance Bulletin 2025-11 warns insurers that using negotiated, mutually-agreed-upon rates, retrospective rating plans, Large Risk Alternative Rating Options (LRAROs), or consent-to-rate arrangements—without having filed and received approval for specific rating factors and formulas—likely violates Proposition 103’s rate approval requirements for property and casualty insurance. Insurers using these unapproved practices must […]
Mississippi Announces Addition of Approved Surplus Lines Insurer
MS| Bulletin 25-17, issued by the Mississippi Surplus Lines Association, announces the addition of Apex Star Reciprocal Exchange, NAIC #17742, to their list of approved unauthorized surplus lines insurers. Effective June 18, 2025. Click here to see MSLA Bulletin 25-17