Category: National Insurance Regulation News and Updates
Apr 17, 2014
Connecticut Gen. Stat. §38a-135(a) provides that “Every insurance company that is authorized to do business in this state and is a member of an insurance holding company system shall register with the commissioner on a form prescribed by the …
Jan 17, 2014
The Missouri Department of Insurance (“MDOI”) announced today, January 17, 2014, that two Swiss-based reinsurers, Swiss Reinsurance Co. Ltd. and Swiss Re Corporate Solutions Ltd., have been approved as certified reinsurers in Missouri. The Swiss reinsurers are Missouri’s first …
Jan 2, 2014
Finding no evidence that the state of Maryland would realize any actual economic benefit from becoming a domicile for captive insurers, the Maryland Insurance Administration (“MIA”) published a report today, January 2, 2014, in which it recommended against establishing …
Dec 2, 2013
Today, December 2, 2013, the Federal Emergency Management Agency (“FEMA”) Building Science Branch announced the release of a new report to Congress entitled “Including Building Codes in the National Flood Insurance Program.” To view the report, click here. Further, …
Nov 25, 2013
The Coastal Alabama Partnership will hold a December 4, 2013 Wind Insurance Symposium in Mobile to review steps being taken to improve wind insurance premium rates across Coastal Alabama. An announcement also will be made at the event about …
Nov 20, 2013
Kansas Insurance Commissioner Sandy Praeger advised in Bulletin 2013-1 issued today, November 20, 2013, that the Kansas Insurance Department (“KID”) has recently received complaints from motor vehicle owners that insurers are refusing to compensate them for sales taxes and fees …
Nov 20, 2013
In Bulletin 21-2013 issued November 15, 2013, the Arkansas Insurance Department advised certain property and casualty insurers and others that the State of Arkansas will once again in 2013 participate in the National Association of Insurance Commissioners’ (“NAIC”) Market …
Nov 13, 2013
The Texas Department of Insurance (“TDI”) announced today, November 13, 2013, that it has begun accepting applications from captive insurance companies located in other jurisdictions that would like to relocate to Texas. The TDI will license the companies under a …
Sep 11, 2013
The Texas Department of Insurance (“TDI”) is accepting comments until September 16, 2013 on informal draft Rules and related forms and instructions on the licensing of captive insurance companies. Senate Bill 734, enacted earlier this year, created Chapters 223A …
Aug 20, 2013
To ensure claims under the Medicare Secondary Payer Mandatory Reporting Provisions in Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007 are not improperly denied as of January 6, 2014, the Centers for Medicare & Medicaid …