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.
District of Columbia
District of Columbia Clarifies Unfair Trade Practices Regulations for Homeowners Insurance
Jun 13, 2024 / by AAIS posted in Compliance, District of Columbia
District of Columbia Enacts Emergency Act Related to Prior Approval Rate Filings
May 8, 2023 / by AAIS posted in District of Columbia
On March 24, 2023, the District of Columbia enacted the "Motor Vehicle and Homeowner Insurance Prior Approval Rate Filing Emergency Amendment Act of 2023" (D.C. Act 25-58). The bill amends existing regulations for motor vehicle and homeowner insurance rate filings and will impact property and casualty insurers in the following ways:
