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Arizona Delays Enforcement on Service Contract Permit Requirements for Insurers Until 2027

AZ| The Arizona Department of Insurance and Financial Institutions issued Substantive Policy Statement 2025-03 to address compliance concerns regarding the offering of service contract coverages within insurance products by entities that have not obtained the required service company permit under Arizona law. The Department recognizes that some insurers may have historically included such coverages without […]

Arizona Delays Enforcement on Unregistered Insurance Data Providers Until 2027

AZ| The Arizona Department of Insurance and Financial Institutions issued Substantive Policy Statement 2025-02 to address concerns about unregistered or unlicensed entities providing statistical data and predictive modeling services to insurers for rate-making purposes, which may require a permit or license under Arizona law. The Department acknowledges industry challenges in adapting to evolving rate development […]

Colorado Updates Health Insurance Regulation to Enforce Premium Rate Reductions for 2026

CO| Amended Regulation 4-2-85 from the Colorado Division of Insurance establishes the methodology for calculating required premium rate reductions for Colorado Option Standardized Health Benefit Plans (bronze, silver, and gold) offered in the individual and small group markets, effective for plans issued or renewed on or after January 1, 2026. The regulation details the specific […]

Iowa Insurance Division Cracks Down on Unauthorized Marketplace Insurance Enrollments

IA| The Iowa Insurance Division has issued Bulletin 25-02 in response to a rise in complaints about unauthorized enrollments and plan changes in ACA Marketplace insurance, often caused by the misuse of National Producer Numbers (NPN overrides) by unappointed agents submitting applications under the credentials of appointed agents, which violates Iowa insurance laws and constitutes […]

Minnesota Insurance Companies Receive Updated Homeowner’s Zip Code Reporting Requirements

MN| Administrative Bulletin 2025-1, issued by the Minnesota Insurance Division, provides updated instructions for insurance companies writing homeowner’s insurance in Minnesota regarding annual zip code reporting requirements under Minn. Stat. §65A.28. Insurers covering properties in the seven-county metropolitan area or in cities of the first class (Minneapolis, Saint Paul, Duluth, and Rochester) must file a […]

Utah Law Guarantees 60-Day Open Enrollment Period for Medicare Supplement Plans

UT| The Utah Insurance Department issued guidance in April 2025 regarding changes from HB258, which provides an annual open enrollment period for Medicare Supplement Insurance (Medigap) enrollees. Beginning May 7, 2025, current Medigap policyholders in Utah are entitled each year, around their birthday, to switch to a different Medigap plan with their current insurer—regardless of […]

Michigan Sets New Refund Cap for Insureds Effective July 2025

MI| The Michigan Department of Insurance and Financial Services, through Bulletin 2025-10-INS issued by Director Anita G. Fox, announces the annual adjustment of the maximum unearned premium refund that can be claimed under the Michigan Property and Casualty Guaranty Association Act. Effective for the period July 1, 2025, through June 30, 2026, the maximum refund […]

Louisiana Plans to Launch Insurance Regulatory Sandbox to Spur Innovation in Insurance Sector

LA| The Louisiana Department of Insurance has issued a Notice of Intent to promulgate Regulation 134, establishing the Insurance Regulatory Sandbox Program, which allows temporary waivers from certain insurance laws to encourage the development and testing of innovative insurance products and services. The regulation outlines detailed application procedures, eligibility requirements, consumer protections, and reporting obligations […]