Category: National Insurance Regulation News and Updates

  Payments of federal crop insurance, agricultural disaster assistance and other agricultural-related safety-net benefits to deceased individuals remains a longtime issue since it was first noted in 2007, according to a report released by the U.S. Government Accountability Office (“GAO”), …

  The Arkansas Insurance Department (“Department”) issued a Bulletin on July 22, 2013 summarizing insurance-related legislation enacted following that state’s 2013 Regular Legislative Session, which convened January 14 and adjourned May 17. The Bulletin, which can be viewed by clicking …

  The Maryland Insurance Administration (“MIA”) announced today, July 24, 2013, that it has issued its first administrative orders under newly granted authority to pursue civil cases of insurance fraud.  The authority took effect last October following passage of legislation …

  The Texas Department of Insurance (“TDI”) held a Stakeholder Meeting on July 12, 2013 to discuss rulemaking for the recently enacted Senate Bill 734, which relates to the licensing of captive insurance companies.  The bill, which created Chapters 223A …

  Pursuant to the Consumer Option for an Alternative System to Allocate Losses Act of 2012 (“COASTAL Act”), the National Oceanic and Atmospheric Administration (“NOAA”), in consultation with other agencies, has identified federal and non-federal data collection efforts that may …

  In Bulletin No. 35 issued today, July 15, 2013, the Delaware Department of Insurance (“DDI”) advised all insurers doing business the state that both the “rate changes or deviations” fee [18 Del.C. §701(21)] and the “form, advertising and/or rule …

  In Bulletin 13-2013 issued July 5, 2013, the Arkansas Insurance Department (“AID”) seeks to clarify its position on the depreciation of labor in relation to what items are eligible for depreciation in an actual cash value insurance claim for …

  The Financial Stability Oversight Council met yesterday, June 3, 2013, on whether to designate AIG and Prudential as non-bank systemically important financial institutions (SIFIs) pursuant to the Dodd-Frank Act of 2010.  GE Capital was also considered for the same …

  The Alabama Department of Insurance (“ALDOI”) has scheduled a hearing on the adoption of various proposed insurance regulations, including Regulation No. 152, which requires that specified classes of personal lines property insurance rate filings must provide separate rates (including …

  The Connecticut Department of Insurance has advised that Regulations 38a-435-1 to 38-435-8 relating to activities required of insurers and producers in the replacement of existing life insurance and annuities will become effective on July 23, 2013.   To view the new Rules, click here. …