Compliance (6)

Florida Issues New Reporting Deadlines for Hurricane Debby Data Call

Aug 21, 2024 / by AAIS posted in Compliance, Data Call, Florida

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On August 20, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a follow-up Data Call Notice for Hurricane Debby, requiring certain insurers to submit simplified catastrophe reporting.

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Oklahoma Enacts Rule 365:15-1-26

Aug 16, 2024 / by AAIS posted in Compliance, Oklahoma

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Oklahoma has enacted Rule 365:15-1-26, requiring insurers to conduct a market survey of the prices charged by certain repair facilities to establish a competitive price for motor vehicle repairs. The surveys should be updated sufficiently to reflect current market conditions. Upon request from the Department, insurers must provide copies of the surveys within 20 days.

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California Issues Moratorium Following Wildfires

Aug 15, 2024 / by AAIS posted in Compliance, California

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On August 8, 2024, the California Department of Insurance (CDI) released Bulletin 2024-6 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.

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Florida Issues Follow-Up Data Call For Hurricane Debby

Aug 13, 2024 / by AAIS posted in Compliance, Data Call, Florida

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On August 12, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a follow-up Data Call Notice for Hurricane Debby, requiring certain insurers to submit simplified catastrophe reporting.

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Utah Issues Bulletin Regarding Motorboat Reporting Requirement

Aug 8, 2024 / by AAIS posted in Compliance, Utah

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On August 1, 2024, the Utah Insurance Department (UID) issued Bulletin 2024-9 to inform insurers that due to the passage of House Bill 184, those that offer motorboat insurance are required to report the motorboats that they insure to the Utah Uninsured Motorist Identification Database Program beginning on January 1, 2025. The bulletin provides the instructions for the reporting requirements.

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Florida Issues Data Call Following Hurricane Debby

Aug 7, 2024 / by AAIS posted in Compliance, Data Call, Florida

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On August 6, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a Data Call Notice following Hurricane Debby, requiring certain insurers to submit daily simplified catastrophe reporting.

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Texas Issues Disallowed Expenses Data Call

Aug 7, 2024 / by AAIS posted in Compliance, Data Call, Texas

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On August 1, 2024, the Texas Department of Insurance (TDI) issued Commissioner's Bulletin #B-0015-24 to announce their disallowed expenses data call. 

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Louisiana Enacts Senate Bill 323

Aug 6, 2024 / by AAIS posted in Compliance, Louisiana

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Louisiana has enacted Senate Bill 323, which, among other provisions, adds many requirements for claims settlement practices, including penalties for the failure of payments by insurers as specified. The bill also outlines that insurers owe their insureds a duty of good faith and fair dealing with their claims. Lastly, the bill provides catastrophic loss claims settlement practices and timelines that insurers must follow, along with the penalties that may apply. The bill became effective on July 1, 2024.

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Louisiana Enacts House Bill 879

Aug 2, 2024 / by AAIS posted in Compliance, Louisiana

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Louisiana has enacted House Bill 879, which provides changes to certain insurance policy and indemnity bond requirements for specific trucks and motor vehicles. Among these changes are the removal of a bond requirement from all common carriers of freight by motor vehicle, increases to the dollar requirement for public liability and property damage insurance on trucks carrying specific products and passenger-carrying vehicles, adjustments to the minimum dollar requirement for public liability and property damage insurance on trucks transporting waste, and an increase to the amount of required property damage insurance on passenger buses.

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Washington State Issues Low-Income Housing Data Call

Aug 2, 2024 / by AAIS posted in Compliance, Data Call, Washington

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On July 22, 2024, the Washington State Office of the Insurance Commissioner (WOIC) issued a data call with instructions and the worksheet that is to be submitted. Companies that may have provided any property and/or liability coverage with effective dates between January 1, 2019, and December 31, 2023, to housing providers receiving housing trust fund resources and serving extremely low-income households must complete the data call. If, after review, companies identify that they have not provided any such coverage, they only need to complete the first tab of the worksheet for submission. All responses should be emailed to datacall@oic.wa.gov by the close of business on August 27, 2024.

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