Minnesota Department of Revenue Makes Correction to the Minimum Fee Bracket for 2024
MN| The Minnesota Department of Revenue sent an email blast on February 27, 2025, notifying interested parties that there had been a correction made to the 2024 minimum fee amount for entities with Minnesota property, payroll, and sales factors of $48,780,000 or more. “We corrected the minimum fee from $12,220 to $12,200.“ The updated forms […]
California Commissioner Issues Mandatory Moratorium on Cancellations and Non-Renewals for Residential Properties Affected by Wildfires
CA| Bulletin 2025-6, issued by California Department of Insurance on February 25, 2025, mandates a one-year moratorium on cancellations and non-renewals of residential property insurance policies in specific ZIP codes affected by the Hughes Fire. This action follows Governor Gavin Newsom’s state of emergency declarations on January 7 and January 27, 2025, for Los Angeles […]
The Surplus Lines Association of California Issues Bulletin Regarding Altered Diligent Search Report (SL-2 Form)
CA| The Surplus Line Association of California (SLA) has issued Bulletin #1495 regarding the use of the Diligent Search Report (SL-2 form). The bulletin emphasizes that brokers and filers must use the unaltered, unmodified, and unreformatted SL-2 form available on the SLA website, as required by California Insurance Code § 1763(a). Key points: Click here […]
New Mexico Issues Bulletin Concerning Name Changes
NM | Effective February 20, 2025, the Office of Superintendent of Insurance (OSI) will only accept name changes for individuals and business entities online through NIPR. Previous name change forms will no longer be accepted. If a name change is reported to OSI more than 30 days after it was legally changed, the licensed individual […]
Michigan Issues Bulletin Regarding the Max Amount of Cemetery or Funeral Predeath Assignment
MI| Bulletin 2025-10-INS, from the Michigan Department of Insurance and Financial Services, updates the maximum amount allowed for cemetery or funeral predeath assignments under the Michigan Insurance Code. This bulletin supersedes a previous one from April 2024. Key Points: Click here to see Bulletin 2025-10-INS
The Surplus Lines Association of California Announces Update the List of Approved Surplus Line Insurers
CA| Effective February 24, 2025, the California Department of Insurance (CDI) has made a new addition to its List of Approved Surplus Line Insurers (LASLI). Upland Specialty Insurance Company, based in Texas, has been included in this updated roster. The complete, revised LASLI can now be accessed on the official CDI website for reference. Click […]
Colorado Issues Bulletin Clarifying Abortion Coverage for On-Exchange Individual Health Plans
CO| Bulletin No. B-4.148, issued by the Colorado Division of Insurance, clarifies the state’s position on payments to carriers for abortion coverage in on-Exchange individual health plans. Following the passage of Senate Bill 23-189 in 2023, which mandates carriers to cover the full cost of abortion care without enrollee cost-sharing. The bulletin outlines that for […]
South Carolina Announces FY25 Uninsured Motorist Fund Distribution to Insurers Based on 2023 Market Share
SC| The South Carolina Department of Insurance issued Bulletin 2025-03 to provide guidance on the distribution of funds from the Uninsured Motorist Fund for Fiscal Year 2025. These distributions, based on insurers’ 2023 market shares, aim to reduce the cost of uninsured motorist insurance coverage. Insurers are advised to account for these funds as “other […]
Georgia Updates CATCH Act: New Provider Network Reporting Standards Announced for Insurers
GA| The Georgia Office of Commissioner of Insurance OCI announces changes to the Consumer Access to Contracted Healthcare (CATCH) Act reporting requirements for insurers offering health plans in Georgia, effective March 1, 2025. Insurers must now submit annual CATCH Reports demonstrating compliance with updated quantitative time, distance, and appointment wait time standards for provider networks, […]
ELANY Issues Bulletin Regarding 2024 Premium Statements Due By March 17, 2025
NY| Bulletin No. 2025-07 from ELANY regarding the 2024 Premium Tax Statements for excess line brokers, announces that the 2024 ELANY reports, necessary for completing the Premium Tax Statement, have been posted electronically and are being mailed to brokers who opted for physical copies. The bulletin emphasizes the importance of filing the tax return electronically […]