Category: National Insurance Regulation News and Updates
Jul 20, 2011
The Oregon Department of Business and Consumer Services’ Insurance Division recently issued Bulletin 2011-1 to all Oregon Surplus Lines licensees to outline the nationwide regulatory changes that will affect the placement of nonadmitted insurance in Oregon pursuant to the …
Jun 29, 2011
Michigan’s Office of Financial and Insurance Regulation issued an informational statement pursuant to MCL 500.7925(2)(a) and R 500.351 of the Michigan Administrative Code that supersedes Bulletin 2009-09-INS: The Property and Casualty Guaranty Association Act, MCL SOO.792S(2)(a), requires the Michigan …
Jun 29, 2011
After a number of disaster areas related to the recent State of Nebraska flooding, Nebraska Insurance Director Bruce Ramge issued a notice to all property and casualty insurers explaining that he does not consider it reasonable to compel policyholders …
Jun 29, 2011
The State of Michigan Department of Licensing and Regulatory Affairs has issued the Michigan Annual Report on Group Employer Market Effects on HMOs as a Result of Increased Flexibility in Cost-Sharing Under MCL 500.3515. Michigan Insurance Commissioner R. Kevin …
Jun 29, 2011
To alert health insurance carriers, independent review organizations and administrators for single employer self-funded ERISA employee benefit plans to important changes to the Idaho Health Carrier External Review Act (Title 41, Chapter 59 of the Idaho Code), the …
Jun 29, 2011
The Delaware Department of Insurance issued the following three Bulletins in June 2011: Prohibition of Post-Claim Rescission Freedom of Information Act Requests Discount Medical Plan Organization Compliance Date These Bulletins, which are attached for review, can also be found …
Jun 23, 2011
Below is the June 2011 edition of Fitch Ratings’ “Insurance Insights” newsletter: The Insurance Insights newsletter provides a monthly round up of Fitch Ratings’ special reports, industry trends and company research for the insurance markets. For comprehensive coverage …
Jun 14, 2011
The Idaho Department of Insurance has advised that, effective July 1, 2011, Idaho law has been amended to permit producers and insurers of life, disability (health), and property and casualty insurance the ability to offer goods to an actual …
Jun 10, 2011
The Maryland Insurance Administration has issued its 2011 Report on the Use of Territories as a Rating Factor in establishing private passenger automobile insurance rates to the Maryland General Assembly. This annual, statutory report contains information on the …
May 19, 2011
The Utah Insurance Department has posted the following informational bulletins as of May 19, 2011: 2011-1: Premium Finance Agreement Default Clarifies that, at the default of a premium finance agreement, a premium finance company may only obtain an …