On September 6, 2024, the Kentucky Department of Insurance issued Bulletin 2024-07 regarding new premium rates for the Mine Subsidence Insurance Program. This bulletin amends the rates that were set forth in Bulletin 2024-05.
Compliance (10)
Kentucky Issues Bulletin Regarding Rates for the Mine Subsidence Insurance Program
Nov 22, 2024 / by AAIS posted in Compliance, Kentucky
New York Issues Letter Regarding Annual Availability Survey
Nov 20, 2024 / by AAIS posted in Compliance, Data Call, New York
On November 15, 2024, the New York Department of Financial Services (DFS) issued a letter regarding the Annual Availability Survey, which includes the Annual Free Trade Zone Report and Special Homeowners Insurance Supplement.
California Issues Moratorium Following the Mountain Fire
Nov 18, 2024 / by AAIS posted in Compliance, California
On November 14, 2024, the California Department of Insurance (CDI) issued Bulletin 2024-13 to all admitted and non-admitted insurers in the state, mandating a moratorium on the cancellation and nonrenewal of residential property insurance following the emergency declaration due to the Mountain Fire.
Michigan Issues Superseding Bulletin Regarding Depreciation of Nontangible Items
Nov 15, 2024 / by AAIS posted in Compliance, Michigan
On November 8, 2024, the Michigan Department of Insurance and Financial Services (DIFS) issued Bulletin 2024-26-INS, which supersedes Bulletin 2024-18-INS, regarding the depreciation of labor and other nontangible items that may be included in some insurance policies' definition of Actual Cash Value (ACV).
Wyoming Issues Bulletin Regarding Motor Vehicle Insurance Coverage and Criminal Acts
Nov 15, 2024 / by AAIS posted in Compliance, Wyoming
On October 18, 2024, the Wyoming Department of Insurance (Department) issued Bulletin No. 10-2024 regarding motor vehicle insurance coverage and criminal acts.
Tennessee Extends Relief to Victims Following Severe Weather and Flooding
Nov 14, 2024 / by AAIS posted in Compliance, Tennessee
On November 6, 2024, Bill Lee, the Governor of Tennessee, issued Executive Order No. 107 to extend the state of emergency that was put in place on September 27, 2024, following severe weather and flooding in the state.
Montana Issues Advisory Memorandum Regarding Defense Within Limits Provisions
Nov 14, 2024 / by AAIS posted in Compliance, Montana
On November 6, 2024, the Montana Commissioner of Securities and Insurance (CSI) issued an Advisory Memorandum regarding defense within limits (DWL) provisions.
Nevada Issues Bulletin Regarding Requirement to File Supplementary Rate Information
Nov 13, 2024 / by AAIS posted in Compliance, Nevada
On August 27, 2024, the Nevada Division of Insurance (Division) issued Bulletin 24-002 to remind insurers of their requirement to file any mathematical model used in underwriting or rating for any property and casualty lines of insurance subject to the specified regulation of rates.
Montana Issues New Certification of Compliance for Anti-Stacking Statute
Nov 13, 2024 / by AAIS posted in Compliance, Montana
On November 4, 2024, the Montana Commissioner of Securities and Insurance (CSI) issued an Addendum to Advisory Memorandum regarding a new certification for compliance with § 33-23-203, Mont. Code Ann.
California Issues Moratorium Following the Shelly and Bear Fires
Nov 12, 2024 / by AAIS posted in Compliance, California
On November 8, 2024, the California Department of Insurance (CDI) issued Bulletin 2024-12 to all admitted and non-admitted insurers in the state, mandating a moratorium on the cancellation and nonrenewal of residential property insurance following the emergency declarations due to the Shelly and Bear fires.
