On February 24, 2025, the Michigan Department of Insurance and Financial Services (DIFS) issued Bulletin 2025-07-INS, which supersedes Bulletin 2023-11-INS, to issue a revised version of the Michigan Selection of Personal Injury Protection (PIP) Medical Coverage Form and reissue the Choice of Bodily Injury Liability Form.
Michigan Issues Bulletin Regarding PIP Choice and Bodily Injury Coverage Limits Forms
Mar 13, 2025 / by AAIS posted in Compliance, Michigan
Iowa has adopted IAC 761-641.1 through .6 to establish requirements for financial liability coverage cards to provide consistency for cards issued by insurers in the state. The rules stipulate the content that should be included on financial liability coverage cards that are issued to the owner of a fleet of vehicles and on cards issued for motor vehicles that are not insured as part of a fleet. Additionally, the rules state the responsibilities of the insurer, including issuing a card to the named insured for each motor vehicle insured for every new and renewal policy. This becomes effective March 26, 2025.
Maryland Amends COMAR 31.08.03.04, .05, .07, and .08
Mar 10, 2025 / by AAIS posted in Compliance, Maryland
Maryland has adopted the proposed amendments to COMAR 31.08.03.04, .05, .07, and .08. Among other revisions, the amendments add that a notice of cancellation or nonrenewal or a reduction of coverage may be sent to an electronic mail address to which the insured consented to receive mail, or posted to an electronic network with a separate notice to the insured directed to the electronic mail address to which they consented to receive such notice.
Colorado Amends 3 CCR 702-5, Regulation 5-2-16
Mar 7, 2025 / by AAIS posted in Compliance, Colorado
Colorado has amended 3 CCR 702-5, Regulation 5-2-16 to stipulate summary disclosure requirements and require that the summary disclosure form be provided in English and the summary document form be provided in Spanish for private passenger automobile insurance. The regulation provides the requirements and information that must be included in both summary forms. Additionally, every insurer should update and file a summary disclosure form and summary document form in SERFF to reflect any changes in major coverages and exclusions for private passenger automobile policies. Lastly, for policies effective on or after January 1, 2026, insurers must provide a language selection form to any new applicants at the time of application and to renewal policyholders at the first renewal following January 1, 2026.
North Carolina Issues Consent to Rate Data Call
Mar 6, 2025 / by AAIS posted in Compliance, Data Call, North Carolina
On February 18, 2025, the North Carolina Department of Insurance (NCDOI) issued Bulletin Number 25-B-04 to all property and casualty insurers writing nonfleet private passenger motor vehicle physical damage and homeowners insurance coverage in the state, requesting data on Consent to Rate policies.
California Expands Wildfire Moratorium to Include Hughes Fire
Mar 3, 2025 / by AAIS posted in Compliance, California
On February 25, 2025, the California Department of Insurance (CDI) released Bulletin 2025-6 to all admitted and non-admitted insurers in the state to issue a mandatory moratorium on the cancellation and nonrenewal of residential property insurance following the emergency declarations due to wildfires in certain counties.
Florida Issues Memorandum Regarding Wind and Water Claims and NFIP Data Call
Feb 28, 2025 / by AAIS posted in Compliance, Data Call, Florida
On February 20, 2025, the Florida Office of Insurance Regulation (FLOIR) issued an informational memorandum containing guidance on wind and water claims and also requiring all residential property and casualty insurers to report information regarding the National Flood Insurance Program's (NFIP) claims handling process and NFIP Write Your Own Program (WYO) policies.
Texas has issued an adoption order for amended rule 28 TAC §5.205 regarding the Motor Vehicle Crime Prevention Authority (MVCPA) fee.
New Hampshire Issues Bulletin Regarding Aerial Imagery
Feb 26, 2025 / by AAIS posted in Compliance, New Hampshire
On February 19, 2025, the New Hampshire Insurance Department issued Bulletin INS 25-016-AB to provide clarity on the use of aerial imagery as an underwriting tool.
MCCA Issues New Assessment Fee for 2025-2026
Feb 25, 2025 / by AAIS posted in Compliance, Michigan
The Michigan Catastrophic Claims Association (MCCA) has released their annual assessment fee notice. The below message was sent out in SERFF regarding the assessment fee: