Louisiana has enacted multiple bills in this year's legislative session. Summaries of some of the recent bills follow.
Oklahoma has enacted House Bill 1084 which establishes new definitions and states that under an auto collision or comprehensive policy, residential property insurance policy, or commercial property insurance policy, a person should not request or accept a post-loss insurance benefit assignment for property damage. The bill specifies that an assignment agreement is against public policy and will be null and void.
Utah has enacted House Bill 48, which, among other provisions, provides new definitions and insurance requirements regarding wildland urban interface property.
Texas Issues 2025 HelpInsure.com Price Comparisons Data Call
Jun 11, 2025 / by AAIS posted in Compliance, Data Call, Texas
On June 5, 2025, the Texas Department of Insurance (TDI) issued Commissioner's Bulletin #B-0005-25 to insurers writing personal automobile and residential property policies in the state regarding the 2025 HelpInsure.com data call.
Massachusetts Issues Filing Guidance Notice for Mandatory Flood Exclusion Disclosure
Jun 9, 2025 / by AAIS posted in Compliance, Massachusetts
On June 3, 2025, the Massachusetts Division of Insurance issued Filing Guidance Notice 2025-R regarding the submission of new mandatory disclosures relating to flood coverage.
Colorado has enacted House Bill 1207, which, among other provisions, states that insurers may not refuse to issue, cancel, nonrenew, or increase a premium for a commercial policy for multifamily units—or a policy to cover the contents of a structure used for a residence and occupied by an owner or renter—based on the breed or mixture of breeds of a dog at the unit or structure. However, this does not prohibit an insurer from taking such action on the above-mentioned policies based on sound underwriting and actuarial principles on the basis that a particular dog at the unit or structure is known or declared to be dangerous.
Florida Issues Notice to Announce 2025 Catastrophe Reporting Form
Jun 2, 2025 / by AAIS posted in Compliance, Florida
On May 29, 2025, the Florida Office of Insurance Regulation issued a Notice to Industry to inform insurers of the 2025 Catastrophe Reporting Form (CRF) in preparation for the Atlantic Hurricane Season, which begins on June 1, 2025.
Georgia has enacted Senate Bill 201, which, among other provisions, states that no insurer should sell homeowners insurance policies that allow for the assignment of proceeds to a contractor within one year of a natural disaster which causes damage to the insured's property.
Maryland has enacted House Bill 1148, stating that if an applicant for residential condominium unit insurance experiences a lapse in coverage due to an insurer withdrawing from the market, then as outlined in the bill, an insurer may not refuse to issue a policy based solely on the applicant's lapse of coverage.
Louisiana Issues Bulletin Regarding the Fortify Homes Program
May 28, 2025 / by AAIS posted in Compliance, Louisiana
On May 21, 2025, the Louisiana Department of Insurance issued Bulletin 2025-03 regarding the Louisiana Fortify Homes Program.