On May 24, 2024, the Washington State Office of the Insurance Commissioner (WOIC) issued a reminder to insurance companies of their obligation to let policyholders know why their premiums have gone up.
Compliance (11)
Washington Issues Reminder on Premium Change Transparency Rule
Jun 18, 2024 / by AAIS posted in Compliance, Washington
South Carolina Issues Liability Data Call
Jun 14, 2024 / by AAIS posted in Compliance, Data Call, South Carolina
On June 7, 2024, the South Carolina Department of Insurance (SCDOI) issued a Notice of Liability Data Call to all insurers licensed or authorized to write property and casualty insurance coverage in South Carolina.
New York Issues Disaster Preparedness Circular Letter
Jun 13, 2024 / by AAIS posted in Compliance, New York
On June 5, 2024, the New York State Department of Financial Services (DFS) issued Insurance Circular Letter No. 4 regarding disaster planning, preparedness, and response by the property and casualty insurance industry.
District of Columbia Clarifies Unfair Trade Practices Regulations for Homeowners Insurance
Jun 13, 2024 / by AAIS posted in Compliance, District of Columbia
On May 31, 2024, the District of Columbia Department of Insurance, Securities, and Banking (DISB) issued Bulletin 24-IB-003-05/31 to all property and casualty insurance companies licensed to do business in the District of Columbia to remind them of their obligations under the Unfair Trade Practices Regulations.
Maryland Issues Bulletin Regarding House Bill 1482 to Address Form Filing Requirements
Jun 5, 2024 / by AAIS posted in Compliance, Maryland
On May 29, 2024, the Maryland Insurance Administration (MIA) issued Bulletin 24-14 regarding form filing requirements related to the passage of Maryland House Bill 1482.
New Jersey Increases Minimum Limits of Liability Insurance for Certain Commercial Vehicles
Jun 4, 2024 / by AAIS posted in Compliance, New Jersey
On May 24, 2024, the New Jersey Department of Banking and Insurance (NJDOBI) issued Bulletin No. 24-07 regarding the new minimum limits of liability insurance for certain commercial motor vehicles and/or autocabs.
Mississippi Enacts Senate Bill 2130
May 31, 2024 / by AAIS posted in Compliance, Mississippi
On May 13, 2024, Mississippi enacted Senate Bill 2130. This bill establishes that a homeowners' insurer who has issued a policy or binder on a residential structure shall not cancel the policy or binder, or deny coverage, based solely on the age of the structure's roof.
New Jersey Reminds Private Passenger Automobile Insurers of Policy Limit Disclosures
May 30, 2024 / by AAIS posted in Compliance, New Jersey
On May 21, 2024, the New Jersey Department of Banking and Insurance (NJDOBI) released Bulletin No. 24-06 to all New Jersey auto insurers issuing private passenger automobile policies. The bulletin reminds these insurers of their requirement to disclose policy limits upon request by an attorney under certain circumstances, within 30 days.
Arkansas Issues Moratorium Against Cancellation and Non-Renewal
May 29, 2024 / by AAIS posted in Compliance, Arkansas
On May 28, 2024, the Arkansas Insurance Department (ARID) issued Bulletin No. 7-2024 following severe weather that occurred in northwest and north central Arkansas. The weather occurred between May 24, 2024, and May 26, 2024, and resulted in a state of emergency being declared on May 26.
Texas Issues HelpInsure.com Price Comparisons Data Call
May 24, 2024 / by AAIS posted in Compliance, Data Call, Texas
On May 21, 2024, the Texas Department of Insurance (TDI) issued Commissioner's Bulletin #B-0005-24 to insurers writing personal automobile and residential property policies in Texas. TDI is issuing the data call to gather information for the HelpInsure.com website.
