Iowa Insurance Division Announces Premium Tax Deferral Policy for Managed Care Organizations
IA| The Iowa Insurance Division issued Bulletin 25-01 to inform Health Maintenance Organizations (HMOs) serving as Managed Care Organizations (MCOs) under Iowa’s medical assistance program about premium tax deferral policies. Starting January 1, 2024, payments received by these HMOs are classified as premiums subject to taxation under Iowa Code § 432.1(2). The applicable tax rates […]
Michigan DIFS Updates List of Municipalities Participating in the Fire Insurance Withholding Program
MI| The notice is a comprehensive list (Edition 176) of municipalities in Michigan that participate in the Fire Insurance Withholding Program. This program allows participating municipalities to escrow a portion of fire insurance settlements for properties within their boundaries. The list provides detailed information for each participating municipality. Key points: Click here to see Full […]
The Surplus Lines Association of California has Added to List of Approved Surplus Lines Insurers
CA| The Surplus Lines Association of California (SLA) announces in Bulletin #1493 that the California Department of Insurance (CDI) has updated the List of Approved Surplus Line Insurers (LASLI) to reflect that Blue Hill Specialty Insurance Company Inc. (Illinois) has been added to the LASLI. Click here to see Bulletin #1493 Click here to see […]
Louisiana Issues Directive 225 Regarding Coverage for Fertility Preservation
LA| Directive 225, issued by the Louisiana Department of Insurance, outlines new requirements for health insurance coverage of fertility preservation services. Effective January 31, 2025, this directive mandates that all health insurance issuers, health maintenance organizations, and self-insurers in Louisiana must comply with La. R.S. 22:1036.11. This statute requires insurers to provide coverage for medically necessary […]
Illinois Moves to In-Person Exams
IL | The Illinois Department of Insurance has announced that effective January 17, 2025, they have decided to halt the use of the online OnVue exam option previously available through Pearson Vue. All licensing candidates are encouraged to visit the Pearson Vue Illinois webpage to search for a testing facility. Click here for more information.
NY DFS Issues Supplemental Circular Letter on Health Insurance Coverage and Prior Authorization Prohibition for PrEP for the Prevention of HIV Infection
NY| Supplement No. 3 to Insurance Circular Letter No. 21 (2017), from the New York State Department of Financial Services provides updated guidance on health insurance coverage for Pre-Exposure Prophylaxis (PrEP) to prevent HIV infection. Key points: Click here to see Supplement No. 3 to Insurance Circular Letter No. 21 (2017)
ELANY Issues Bulletin Listing Changes to Eligible E&S Insurers List
NY| The Excess Line Association of New York (ELANY) issued Bulletin 2025-05 announcing the addition of three Lloyd’s Syndicates and one Foreign Insurer, along with the deletion of one Lloyd’s Syndicate. Additions: Quaerere Syndicate 1100, Oak Re Syndicate 2843, Somers Syndicate 3705, and Medical Security Insurance Company Deleted: Munich Re Syndicate Ltd. 1840 Click here […]
Montana Secretary of State Offering One Time Fee Waiver for Filing Annual Report By April 15, 2025
MT| According to the notice on the Montana Secretary of State Website, and in a postcard mailed to businesses registered to do business in Montana, the 2025 annual report filing fees are waived for all companies who file before April 15, 2025. This means they do not need to pay the annual report fee when […]
Maryland Issues Bulletin Regarding Accepting Credit Card Payments for Premiums and the Collection of Credit Card Fees
MD| The Maryland Insurance Administration has issued Bulletin No. 25-5 addressing the acceptance of credit cards for insurance premium payments and the collection of credit card fees. The bulletin clarifies the Administration’s position on credit card payments for insurance premiums, which is based on laws prohibiting unfair discrimination and ensuring that premiums charged are consistent with […]
Texas Amends Texas Administrative Code Regarding the Motor Vehicle Crime Prevention Authority (MVCPA) Pass-through Fee
TX| The amendments to Texas Administrative Code §5.205 regarding the Motor Vehicle Crime Prevention Authority (MVCPA) pass-through fee, effective April 30, 2025, implement Senate Bill 224 from the 88th Legislature, increasing the MVCPA fee from $4 to $5 to fund catalytic converter theft prevention. The amendments update the policyholder notice language and remove the specific […]