Westmont Wire
States Continue to Roll Out Data Security Initiatives
Two additional states recently adopted versions of the NAIC Data Security Model Law. On April 30, 2021, Iowa governor Kim Reynolds signed HF 719, and on May 6, 2021, Tennessee ...
Kansas Producer Licensing Reform
On May 25, 2021, the Kansas Insurance Department notified licensees of Senate Bill 37, which impacts producer licensing, appointments, affiliations, and resident licensee requirements. The bill has many different impacts, ...
NJ Insurers Required to Clarify Commercial BI Coverage
On May 12, 2021, New Jersey Governor Phil Murphy signed Assembly Bill 4805, requiring insurance companies to provide clear and explicit explanations of when business interruption coverage applies and under ...
PA Issues Notice Regarding the Need to Assess the Impacts of COVID-19 Pandemic in Property and Casualty Rate Filing
On April 24, 2021, the Pennsylvania Insurance Department issued Bulletin No. 51 Pa.B. 2363 reminding insurers that they need to continue to account for the impacts of the COVID-19 pandemic ...
Montana to Allow Use of Gender and Marital Status in Underwriting
On April 19, 2021, Montana Governor Greg Gianforte signed House Bill 379, permitting the use of gender and martial status as part of the insurance underwriting process. Prior to HB ...
WA OIC issues Emergency Rule banning credit scoring
On March 22nd, the Washington Office of Insurance Commissioner (“OIC”) issued an Emergency Rule banning credit scoring on all personal insurance policies related to private passenger automobile coverage, renter’s coverage, ...
Oregon DFR issues reminder regarding TRIA extension
On March 19th, the Oregon Division of Financial Regulation issued a reminder to insurers regarding the Terrorism Risk Insurance Act (TRIA) extension. The TRIA extension of coverage will last until ...
GA DOI issues Bulletin providing Certificate of Insurance guidance
On March 11th, 2021 the Georgia Department of Insurance issued Bulletin 21-EX-5 to provide some clarifying guidance relating to Certificates of Insurance in Georgia. The law governing certificates and relevant ...
PR OCI issues Ruling Letter relating to Health insurer Form and Rate submissions
On March 9th, the Puerto Rico Office of the Commissioner of Insurance (“OCI”), issued a Ruling Letter directed toward Disability and Health insurers that write group health plans in Puerto ...