Compliance (4)

North Carolina Issues Order Following Tropical Storm Helene

Oct 4, 2024 / by AAIS posted in Compliance, North Carolina

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On September 30, 2024, the North Carolina Department of Insurance (NCDOI) issued Bulletin Number 24-B-13 following Tropical Storm Helene, informing insurers of the order that activated the state of disaster automatic stay of proof of loss requirements, and premium and debt deferrals for policyholders in the affected counties listed in the bulletin.

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South Carolina Issues Tropical Storm Helene Catastrophe Claims Data Call

Oct 4, 2024 / by AAIS posted in Compliance, Data Call, South Carolina

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On October 2, 2024, the South Carolina Department of Insurance (SCDOI) issued a Notice of Catastrophe Claims Data Call following Tropical Storm Helene, requiring insurers that write private and/or excess flood insurance coverage to respond.

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Georgia Issues Directives Following Hurricane Helene

Oct 4, 2024 / by AAIS posted in Compliance, Georgia

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The Georgia Office of Commissioner of Insurance and Safety Fire (OCI) has issued Directive 24-EX-5 and Directive 24-EX-6 to all insurers in the state following Hurricane Helene.

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South Carolina Expects Insurers To Provide Relief Following Tropical Storm Helene

Oct 4, 2024 / by AAIS posted in Compliance, South Carolina

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On October 1, 2024, the South Carolina Department of Insurance (SCDOI) issued Bulletin Number 2024-12 advising insurers in the state that the department expects them to provide relief to those directly impacted by Tropical Storm Helene.

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Florida Issues Emergency Order Following Hurricane Helene

Oct 4, 2024 / by AAIS posted in Compliance, Florida

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On September 30, 2024, the Florida Office of Insurance Regulation (FLOIR) issued Emergency Order 400385-24 following Hurricane Helene, outlining the steps that insurers must take to help policyholders in the affected counties. 

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Colorado Enacts 1 CCR 204-10, Rule 7

Oct 2, 2024 / by AAIS posted in Compliance, Colorado

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Colorado has enacted 1 CCR 204-10, Rule 7, which, among other provisions, establishes motor vehicle reporting requirements for insurers that issue insurance policies under Part 6, Article 4 of Title 10. Insurers with any policies in place for the preceding six months must provide policy information every week for the immediately preceding week. The information must be reported no later than seven working days after the last date of the week reported on. This rule is effective on September 30, 2024.

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Montana Issues Advisory Memorandum Regarding Certification of Compliance

Oct 1, 2024 / by AAIS posted in Compliance, Montana

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On September 9, 2024, the Montana Commissioner of Securities and Insurance (CSI) issued a Supplemental Advisory Memorandumregarding the certification of compliance for all property and casualty statistical reporting filings.

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Texas Adopts New Notification for Termination Rule

Sep 26, 2024 / by AAIS posted in Compliance, Texas

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On September 23, 2024, The Texas Department of Insurance (TDI) issued an adoption order for a new rule that implements House Bill 1040. The rule requires insurers to send notices for nonrenewals or the discontinuation of coverage both electronically and nonelectronically to the insured. The rule becomes effective on October 12, 2024.

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Louisiana Enacts Emergency Rule 49

Sep 25, 2024 / by AAIS posted in Compliance, Louisiana

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Louisiana has enacted Emergency Rule 49. Among other provisions, the rule stipulates that no policy should be cancelled or nonrenewed solely due to a claim that is filed as a result of Hurricane Francine or its aftermath. The rule outlines the parishes and lines of insurance to which it is applicable.

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New Mexico Issues Underwriting Guidelines Data Call

Sep 18, 2024 / by AAIS posted in Compliance, Data Call, New Mexico

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On September 13, 2024, the New Mexico Office of Superintendent of Insurance (NMOSI) issued Corrected Bulletin 2024-016, requesting all insurers that have issued residential property insurance policies covering risks located in the state to file underwriting guidelines.

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