Compliance (4)

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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Connecticut Issues Storm Water Coverage and Flood Insurance Fact Sheet

Sep 12, 2024 / by AAIS posted in Compliance, Connecticut

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On September 3, 2024, the Connecticut Insurance Department (CID) issued a Storm Water Coverage and Flood Insurance Fact Sheet following a severe rain event that caused storm and flood damage. The fact sheet provides general homeowner and commercial insurance coverage information and describes the claim process under a typical homeowners policy, along with other helpful information.

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Iowa Issues Proclamation of Disaster Emergency for Des Moines County

Sep 11, 2024 / by AAIS posted in Compliance, Iowa

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On August 28, 2024, Iowa Governor Kim Reynolds issued a Proclamation of Disaster Emergency for Des Moines County in response to the severe weather that occurred on August 27, 2024.

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California Amends Title 13 CCR Section 82.00

Sep 10, 2024 / by AAIS posted in Compliance, California

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California has amended Title 13 CCR Section 82.00. Among other provisions regarding form content, document size, and ink color, the amended rule allows electronic evidence of liability insurance for covered vehicles. The electronic version must contain all the same titling and content that is outlined in the rule for issuing the California evidence of liability insurance document. This becomes effective on October 1, 2024.

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Alaska Requests Insurers to Provide Relief Following Storm

Sep 3, 2024 / by AAIS posted in Compliance, Alaska

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On August 26, 2024, Alaska Governor Mike Dunleavy issued a disaster declaration following heavy rain and landslides in Ketchikan, activating the State Emergency Operations Plan. The Alaska Division of Insurance (AKDOI) issued Bulletin B24-10 to provide guidelines for insurers to follow.

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