Pennsylvania Insurance Department Issues Notice Regarding Workers’ Compensation Security Fund Assessment
PA| Notice 2025-03 announces that no contributions will be required from insurers in 2025 to maintain the balance of the Workers’ Compensation Security Fund. According to Section 9(1) of the Workers’ Compensation Security Fund Act, contributions are necessary if the fund’s balance falls below $500 million to ensure actuarial soundness. As of December 31, 2024, […]
Texas Title Insurance Agents: Mandatory 2024 Data Call Submission Deadline Approaching on April 8, 2025
TX| The Texas Department of Insurance (TDI) issued a mandatory data call (Bulletin #B-0001-25) requiring all Texas title insurance agents to submit business data for the 2024 calendar year by April 8, 2025. This data, collected under Insurance Code Section 2703.153, is essential for setting title insurance premium rates. Submissions must be completed using the […]
Missouri Department of Commerce and Insurance Announces Key Health Insurance Rate Filing Deadlines for 2026 Plan Year
MO| The Missouri Department of Commerce and Insurance issued Bulletin 25-01 to outline health insurance rate filing deadlines and requirements for the 2026 plan year. Key highlights: Click here to see MO Bulletin 25-01
New York Issues New Guidance on Supplemental Spousal Liability Insurance Requirements
NY| The New York Insurance Circular Letter No. 2 (2025) provides updated guidance on supplemental spousal liability (SSL) insurance following amendments to Insurance Law § 3420(g) by Chapter 356 of the Laws of 2024, effective March 26, 2025. Key Points: Click here to see NY Circular Letter No. 2 (2025)
Puerto Rico’s Commissioner of Insurance Establishes Licensing Rules for Third-Party Administrators
PR| Puerto Rico Insurance Department Ruling Letter No. CN-2025-369-SR outlines the adoption of Rule 111 under Act 169-2024, which establishes the licensing process for Third-Party Administrators (TPAs) operating in Puerto Rico. Key points: Click here to read Ruling Letter No. CN-2025-369-SR
Idaho Department of Insurance Issues Guidance on 2025 Financial Reporting and Reserve Requirements for Insurers
ID| Bulletin No. 25-01, issued by the Idaho Department of Insurance, provides guidance for authorized insurers regarding the use of updated accounting and valuation manuals from the National Association of Insurance Commissioners (NAIC) for preparing 2025 quarterly and annual financial statements. It specifies the adoption of particular NAIC manuals and outlines minimum reserve requirements for […]
Virginia Approves Amendments to Automobile Insurance Plan, Effective April 1, 2025
VA| Administrative Order No. 12196, issued by the Commonwealth of Virginia State Corporation Commission’s Bureau of Insurance on March 11, 2025. It approves amendments to the Virginia Automobile Insurance Plan’s manual of rules and rates, specifically eliminating the gross receipts rating basis and adopting Specified Auto Rating as the new method. These changes, proposed by […]
Mississippi Insurance Department Issues Guidance for 2026 Individual, Small Group, and Dental Plans
MS| Bulletin 2025-1, from the Mississippi Insurance Department, provides guidance for issuers of individual, small group, and stand-alone dental plans regarding the 2026 plan year. Issuers must adhere to specific deadlines and submission processes for form and rate filings, with particular attention to the uncertainty surrounding the extension of enhanced premium tax credit (PTC) subsidies. […]
The SLA of California has Issued a Reminder of the Licensing Requirements for for Placement of Surplus Lines Insurance on Behalf of a Business Entity Licensee
CA| Bulletin #1498 from the Surplus Line Association of California, addresses licensing requirements for surplus line insurance in California on behalf of an business entity licensee. Key Points: Click here to read full SLA Bulletin #1498
Arkansas Insurance Department Issues Guidance for 2026 On-Marketplace Rate Filings Amid ARPA Uncertainty
AR| The Arkansas Insurance Department (AID) issued Bulletin No. 4-2025 to provide guidance for Plan Year 2026 individual, on-Marketplace rate filings. The bulletin addresses the uncertainty surrounding the extension of the American Rescue Plan Act (ARPA) tax credits and provides standardized instructions for applying a Cost Sharing Reduction (CSR) load to On-Marketplace Silver plans. Key […]