Westmont Wire
Attending the AICP Annual Conference?
The Association of Insurance Compliance Professionals’ annual conference begins on Sunday, October 1st at the Sheraton Seattle Hotel in Seattle, Washington. If you will be in attendance, we welcome you to visit our booth, meet ...
Texas State Legislators Urge Residents to Submit Hurricane Damage Relief Claims Ahead of House Bill 1774 Effective Date
House Bill 1774, which applies to all insurers covering damage to real property caused by forces of nature, creates a new section of the Texas Insurance Code, §528A, designed to ...
Review of Data Security Model Law Proceeds Through NAIC Panel
A revised Data Security Model Law has passed a National Association of Insurance Commissioners (NAIC) cyber-security panel prior to further review and approval at the NAIC Task Force and ...
NAIC Votes to Conduct Auto Insurance Data Call
The National Association of Insurance Commissioners’ Auto Insurance Working Group Panel recently voted to conduct a data call to evaluate the availability and affordability of auto insurance. The Panel wants ...
Delaware Department of Insurance to Increase Fee Structure Across the Board
On July 5, 2017, Delaware Insurance Commissioner Trinidad Navarro issued Universally Applicable Bulletin No. 2 affecting all parties engaged in the business of insurance in Delaware. Bulletin No. 2, ...
Oregon Governor Signs Senate Bill 985 Exempting Some Insurance Lines From Rate and Form Filings
Effective January 1, 2018, Oregon Bill 985 will exempt certain lines of business from filing rates and forms in an effort to improve speed to market and provide opportunities for new ...
Maryland Releases Draft Bulletin on Commission Expense Reduction Plans
The Maryland Insurance Administration has released a draft bulletin to advise property and casualty insurance companies and producers of possible upcoming changes to the regulation of Commission Expense Reduction Plans ...
Stop Loss Insurance in New Mexico No Longer a Health Product, Now a Casualty Product
On May 10, 2017, the Office of the New Mexico Superintendent of Insurance issued Bulletin 2017-005 in response to inquiries from industry representatives regarding the future regulation of stop loss ...
ELANY’S NEW ELECTRONIC PART C AFFIDAVIT
On June 12, 2017 the Excess Line Association of New York (ELANY) released new instructions for electronic filing for Part C Affidavit.