On December 18, 2024, the Vermont Department of Financial Regulation (DFR) released Insurance Bulletin No. 233 to issue a data call following severe flooding that impacted several communities.
Compliance
Vermont Issues Flood and Rain Events Claims Data Call
Dec 20, 2024 / by AAIS posted in Compliance, Data Call, Vermont
Colorado Issues Bulletin Regarding Payment of Registration Fees for Total Loss Vehicles
Dec 19, 2024 / by AAIS posted in Compliance, Colorado
On December 10, 2024, the Colorado Division of Insurance issued Bulletin No. B-5.51 to provide clarification regarding an insurer's payment of registration fees following the total loss of a motor vehicle.
Texas amended28 TAC § Rule 5.9327 to add specific filing requirements for personal automobile and residential property insurance forms.
Kentucky Issues Bulletin Regarding Rates for the Mine Subsidence Insurance Program
Nov 22, 2024 / by AAIS posted in Compliance, Kentucky
On September 6, 2024, the Kentucky Department of Insurance issued Bulletin 2024-07 regarding new premium rates for the Mine Subsidence Insurance Program. This bulletin amends the rates that were set forth in Bulletin 2024-05.
New York Issues Letter Regarding Annual Availability Survey
Nov 20, 2024 / by AAIS posted in Compliance, Data Call, New York
On November 15, 2024, the New York Department of Financial Services (DFS) issued a letter regarding the Annual Availability Survey, which includes the Annual Free Trade Zone Report and Special Homeowners Insurance Supplement.
California Issues Moratorium Following the Mountain Fire
Nov 18, 2024 / by AAIS posted in Compliance, California
On November 14, 2024, the California Department of Insurance (CDI) issued Bulletin 2024-13 to all admitted and non-admitted insurers in the state, mandating a moratorium on the cancellation and nonrenewal of residential property insurance following the emergency declaration due to the Mountain Fire.
Michigan Issues Superseding Bulletin Regarding Depreciation of Nontangible Items
Nov 15, 2024 / by AAIS posted in Compliance, Michigan
On November 8, 2024, the Michigan Department of Insurance and Financial Services (DIFS) issued Bulletin 2024-26-INS, which supersedes Bulletin 2024-18-INS, regarding the depreciation of labor and other nontangible items that may be included in some insurance policies' definition of Actual Cash Value (ACV).
Wyoming Issues Bulletin Regarding Motor Vehicle Insurance Coverage and Criminal Acts
Nov 15, 2024 / by AAIS posted in Compliance, Wyoming
On October 18, 2024, the Wyoming Department of Insurance (Department) issued Bulletin No. 10-2024 regarding motor vehicle insurance coverage and criminal acts.
Tennessee Extends Relief to Victims Following Severe Weather and Flooding
Nov 14, 2024 / by AAIS posted in Compliance, Tennessee
On November 6, 2024, Bill Lee, the Governor of Tennessee, issued Executive Order No. 107 to extend the state of emergency that was put in place on September 27, 2024, following severe weather and flooding in the state.
Montana Issues Advisory Memorandum Regarding Defense Within Limits Provisions
Nov 14, 2024 / by AAIS posted in Compliance, Montana
On November 6, 2024, the Montana Commissioner of Securities and Insurance (CSI) issued an Advisory Memorandum regarding defense within limits (DWL) provisions.
