Westmont Wire
New West Virginia Senate Bill exempts certain Commercial Lines from Rate Filing
On March 10, 2018, the Legislature of West Virginia passed Senate Bill 485 regarding rating requirements for commercial insurance lines. Taking effect on June 8, 2018, the Bill amends ...
South Dakota Bulletin Changes Treatment of Defense Within Limits Provisions
On March 29, 2018, the South Dakota Division of Insurance issued Bulletin 18-01 which implements a significant change to the Department’s treatment of Defense Within Limits provisions for professional liability ...
New Federal Tax Rates Requires California Insurers to Review their Rates
The California Department of Insurance has issued a notice reminding insurers to ensure that their rates are compliant with Proposition 103. Due to the new Federal Tax Schedule for ...
Independent Adjuster – Homestate Designation
A homestate is defined as the principal place of business or the residence of an individual. Since all states do not license Independent Adjusters, some Independent Adjusters will need to ...
Louisiana Bulletin 2018-04
On February 22, 2018, the Louisiana Department of Insurance issued Bulletin No. 2018-04 reminding all health insurers and health maintenance organizations to submit an updated report of their health insurance ...
NAIC Releases Insurance Data Security Model Law
In an effort to set new standards for data security, investigation, and notification of data security practices for insurance providers, the National Association of Insurance Commissioners (NAIC) has drafted the ...
Louisiana Bulletin 2018-02
The Louisiana Department of Insurance has issued Bulletin No. 2018-02 to inform all risk bearing entities of the requirements of Act 10 of the 2017 Regular Session of the Louisiana ...
CALIFORNIA WILDLIFE RECOVERY LEGISLATION
A newly introduced California wildfire recovery legislative package proposes new requirements for property insurers. Among other obligations, the series of assembly and senate bills includes additional requirements for insurers to ...
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 ...