Louisiana has enacted multiple bills in this year's legislative session. Summaries of some of the recent bills follow.
Compliance (9)
Florida Issues Data Call Following Flash Flooding
Jun 21, 2024 / by AAIS posted in Compliance, Data Call, Florida
On June 20, 2024, the Florida Office of Insurance Regulation (FLOIR) issued a Data Call Notice following Invest 90L South Florida Flash Flooding, requiring certain insurers to report claims data.
West Virginia Issues Bulletin Regarding Inquiries About Rate Increases
Jun 20, 2024 / by AAIS posted in Compliance, West Virginia
On June 5, 2024, the West Virginia Offices of the Insurance Commissioner (OIC) issued West Virginia Insurance Bulletin No. 24-04, addressing consumer inquiries regarding recent premium rate increases, particularly in home and auto insurance.
Washington Issues Reminder on Premium Change Transparency Rule
Jun 18, 2024 / by AAIS posted in Compliance, Washington
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.
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.
