Delaware Requests Letter of Intent When Withdrawing a Line of Business/Product from the Market
DE | The Delaware Department of Insurance has issued UPDATED Bulletin No. 40. This Bulletin requests that all insurance carriers authorized to conduct the business of insurance in Delaware notify the Department if they intend to terminate any or all of a business line or product that would lead to withdrawal from the State’s market. […]
Maryland Issues Bulletin Regarding Coding and Coverage of Preventive Services without Cost Sharing

MD| The Maryland Insurance Administration issued Bulletin 25-4, addressing the coding and coverage of preventive services without cost-sharing for health insurers, nonprofit health service plans, and health maintenance organizations (HMOs). It reminds carriers of their obligations under federal and state laws, particularly in light of recent FAQs issued by federal departments. The bulletin emphasizes the […]
Michigan Issues Bulletin Regarding Property and Casualty Guaranty Association’s Annual Adjustment of the Net Worth Limit and Claim Cap

MI| The Michigan Department of Insurance and Financial Services has issued Bulletin 2025-04-INS which updates the annual adjustments for the Michigan Property and Casualty Guaranty Association. For the period from January 1, 2025, to December 31, 2025, the insured’s net worth limit has been set at $38,900,000, and the covered claim cap has been adjusted […]
Delaware Issues Revisions to Bulletin No. 40 Regarding Request for Letter of Intent When Withdrawing Line or Product from the Market

DE| The revised bulletin from the Delaware Department of Insurance, dated January 27, 2025 (previously issued May 3, 2024), addresses insurance carriers to outline the requirement for notifying the Department when intending to withdraw or discontinue any line of business or product in the state’s market. This measure aims to maintain transparency and prevent potential […]
ELANY Announces New Coverage Codes for Business Interruption and Parametric Insurance

NY | The Excess Line Association of New York has issued Bulletin No. 2025-04. New York recently authorized business interruption and parametric insurance, respectively. These coverages may be placed with excess line insurers subject to diligent effort and other requirements of the excess line laws. The Department of Financial Services has assigned excess line coverage […]
Colorado Amends 5-2-16 Disclosure Requirements for Passenger Auto Policies

CO| The updated regulation aims to provide clear and comprehensive information to policyholders about their coverage, rights, and obligations. It introduces new requirements for insurers, including the provision of summary disclosure forms in English and Spanish, language selection options for policyholders, and specific rules for policy cancellation, non-renewal, and premium increases. The amendments to Regulation […]
Maine Suspends Enforcement of Rule 850 Identification Requirements for Health Plan Appeals

ME| The Maine Bureau of Insurance has suspended enforcement of certain provisions in Rule Chapter 850 that require insurance carriers offering health plans to include employee names, titles, and credentials on consumer appeal decision notices due to concerns about employee safety. While these identification requirements are temporarily waived, carriers must still comply with other consumer […]
Alaska Division of Insurance Issues Annual Health Insurance Survey with Deadline Set for May 1, 2025

AK| The Alaska Division of Insurance issued Bulletin B 25-04, reminding all insurers authorized to transact health insurance business in Alaska to complete the annual health insurance survey as required by Alaska Statute 21.06.110. The survey collects data on individual and group policies, claims, and compliance with state regulations. Insurers must submit the survey electronically […]
Alaska Division of Insurance Temporarily Allows Limited Employee Identification in Grievance Communications to Enhance Staff Safety

AK| Bulletin B 25-05 issued by the Alaska Division of Insurance, addresses concerns about the safety of insurance company employees in grievance communications. It permits health insurers to replace full employee names with partial names or unique identifiers in consumer-facing grievance communications, provided the reviewers can still be tracked internally. This temporary measure, expiring on […]
Withdrawn: Alaska Issues Bulletin Regarding Depreciation of Labor on Property Insurance Policies

AK | The Alaska Division of Insurance has issued Bulletin B 24-07, issued May 7, 2024. (Update: Withdrawn with Bulletin B25-03) The Division of Insurance has discovered that some property insurance policies include a definition for “actual cash value” (ACV) that includes subjecting labor to depreciation. When valuing the damaged part of the property at […]