New Jersey Issues Bulletin Regarding the Use of AI Systems in Insurance
NJ| The New Jersey Department of Banking and Insurance has issued Bulletin No. 25-03, addressing the use of Artificial Intelligence (AI) Systems in insurance. The bulletin reminds insurers that decisions made using AI must comply with all applicable insurance laws and regulations, including those addressing unfair trade practices and discrimination. It sets forth expectations for […]
Texas No Longer Requires Zero Reports for Surplus Lines Agents and Agencies
TX | The Office of the Texas Comptroller of Public Accounts has now successfully completedprogramming to no longer require zero reports for Surplus Lines agents and agencies.Note: the exemption from filing zero reports does not apply to surplus lines insurers. This means that if a person or company holds a surplus lines agent/agency license with […]
Pennsylvania Updates Eligible Surplus Lines Insurer List
PA| In accordance with section 1605(b) of The Insurance Company Law of 1921 (40 P.S. § 991.1605(b)), Pennsylvania Department of Insurance published the most recent Eligible Surplus Lines Insurer List. This list replaces in its entirety the Eligible Surplus Lines Insurer List published at 54 Pa.B. 302 (January 20, 2024). Click here to see updated Eligible […]
California Summarizes the SB263 New Requirements and Updates to Existing Requirements
CA | California has issued Update for Midwest Chapter Meeting – January 2025. Regarding the SB263 new requirements and updates to existing requirements:All changes apply to both resident and nonresident California agents, effective January 1, 2025. NEW CA Training and CE RequirementsApply to both resident and nonresident California agents, effective January 1, 2025. Coming soon, […]
North Dakota Announces the 2025 Renewal Processes for Individual and Business Entity Surplus Lines Licenses and TPA Licenses
ND | The North Dakota Insurance Department has announced its renewal processes for individual and business entity surplus lines licenses as well as third party administrator licenses for 2025. Individual & Business Entity Surplus Lines License Renewals Third Party Administrator License Renewals Click here for more information.
Colorado Issues Policy Directives for Coverage of Preventive Breast Cancer Screening Studies
CO| The Colorado Division of Insurance has issued Bulletin B-4.146 regarding coverage of preventive breast cancer screening studies. It provides guidance to insurers offering health benefit plans in Colorado, excluding grandfathered plans, on the requirement to cover preventive breast cancer screening studies without cost-sharing. The bulletin emphasizes that annual preventive breast cancer screening using appropriate […]
Colorado Issues Bulletin on Annual Certification Requirements for Private Plan Carriers of FAMLI Program
CO| The Colorado’s Division of Insurance has issued Bulletin B-4-147 concerning the annual certification requirements for private plan insurance carriers participating in the Paid Family and Medical Leave Insurance (FAMLI) program. The bulletin outlines the form filing and certification processes that insurance carriers must follow to offer fully-insured private plans with paid family and medical […]
California Insurance Department Issues Notice Regarding Personal Property Claims for 2025 Wildfires
CA| The February 6, 2025 Notice from California Insurance Commissioner regarding personal property insurance claims for the 2025 Los Angeles wildfires. The notice aims to assist wildfire survivors by encouraging insurance companies to provide up to 100% of contents coverage limits without requiring a detailed personal property inventory. This is in response to the overwhelming […]
Delaware Issues Bulletin to Carriers on the Use of AI in Insurance
DE| The Delaware Department of Insurance issued Bulletin No. 148 to establish regulatory expectations for insurers using AI systems in consumer-impacting decisions, effective immediately. This bulletin mandates compliance with existing laws prohibiting unfair discrimination and trade practices while outlining governance requirements for AI implementation. Key sections: The framework emphasizes proportionality – controls must match the […]
Alaska Issues Regulatory Order Regarding Surplus Lines Placement List Code Number Corrections
AK | On January 7, 2025, in accordance with 3 AAC 25.040, the Director of the Division of Insurance issued Regulatory Order R 25-01 listing the kinds of insurance that may be placed with a non-admitted insurer. After Regulatory Order R 25-01 was issued, the Division determined that the code numbers for the risk class […]