Category: National News
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 …
Jul 16, 2011
The Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”) Commission (“Commission”) held its first in-person Commission meeting yesterday, July 15, 2011, without having the requisite 10 states to effectively adopt Compact rules and create a Clearinghouse. As a result, the Commission …
Jul 11, 2011
The Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”) Commission (“Commission”) held its third meeting via Webinar on July 7, 2011 to review updates to a slate of draft governance bylaws, along with a draft rule to establish procedures for …
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 …
Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT) Commission Holds Inaugural Meeting
Jun 27, 2011
The Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”) Commission (“Commission”) held its first meeting via Webinar on June 24, 2011 to review a slate of draft bylaws that would be used to govern itself, along with a draft rule …
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 …