Category: National News
Nov 2, 2011
The Indiana Department of Insurance Commissioner Stephen W. Robertson has issued Bulletin 185 pertaining to Medical Loss Ratio Requirements in the Small Group Market. This Bulletin is directed to all insurers writing group policies of accident and sickness insurance, as …
Oct 28, 2011
The Kentucky Department of Insurance has filed an administrative regulation pertaining to captive risk retention groups. This regulation provides reinsurance, financial solvency, and 16 consumer protection requirements for captive risk retention groups. A public hearing on this administrative regulation …
Oct 28, 2011
Maine Superintendant of Insurance Eric A. Cioppa of the Maine Department of Professional and Financial Regulation Bureau of Insurance has issued a Notice of Rulemaking to repeal Maine Insurance Rule Chapter 680, Medical Liability Demonstration Project. No public hearing is …
Oct 27, 2011
On September 28, 2011, the Rhode Island Department of Insurance Superintendant Joseph Torti III issued Insurance Bulletin 2011-6 on Surplus Lines Insurance in Rhode Island and the national regulatory changes that will affect the placement of nonadmitted insurance in Rhode …
Oct 27, 2011
On October 18, 2011, Rhode Island Department of Business Regulation Superintendent of Insurance Joseph Torti III issued Insurance Bulletin Number 2011-8 on the Mandatory Use of National Insurance Producer Registry (“NIPR”) for Company Adjusters. The Insurance Division is committed to …
Oct 27, 2011
The Washington State Office of the Insurance Commissioner has repealed e following chapter of the Washington Administrative Code: W.A.C. 284-48-010 entitled “License status of creditors under credit group policies–Commissions.” The purpose of this rulemaking is to repeal W.A.C. 284-48-010 …
Oct 25, 2011
The Excess Lines Association of New York (“ELANY”) issued Bulletin No. 2011-26 on October 25, 2011, which is reprinted below: RE: INSURER ELIGIBILITY REQUIREMENTS/BROKER RESPONSIBILITIES ELANY is fielding numerous questions regarding insurer eligibility requirements in light of the enactment of …
Oct 18, 2011
The Insurance Information Institute (“III”) has issued a presentation on potential implications for insurers under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”). In the presentation, III President Dr. Robert Hartwig reviews the implementation status …
Oct 17, 2011
The National Association of Insurance Commissioners (“NAIC”) Executive Committee (“Committee”) and Plenary met jointly via teleconference on October 11, 2011. This meeting was in lieu of the one scheduled during the NAIC 2011 Summer National Meeting, which was canceled …
Oct 12, 2011
The latest edition of the National Conference of Insurance Legislators (“NCOIL”) newsletter, “NCOILetter,” is now available. The newsletter is attached in PDF format and can also be viewed by clicking here. Articles in this issue include: NCOIL SLIMPACT Legislative Committee Members Chosen NCOIL …