Westmont Wire
Louisiana DOI Issues Bulletin Regarding New TRIA Guidelines
On January 20th, 2021, The Louisiana Department of Insurance issued Bulletin 2021-01 to advise insurers of the recent amendment and extension to the Terrorism Risk Insurance Act (TRIA). Additionally, the ...
Texas DOI issues Notice to all Texas Automobile Insurers
On December 28th, 2020, the Texas Department of Insurance issued a notice to remind automobile insurers of the new “class of driver” exclusion prohibition. Per Texas Insurance Code Section 1952.353, automobile ...
Connecticut DOI Financial Statement Bulletin to all Foreign surplus line insurers
On December 18th, 2020, the Connecticut Insurance Department issued Bulletin Number FS-4SL-20 requiring that every eligible foreign surplus line insurer submit to the Commissioner a report, in compliance with NAIC ...
NAIC Approves Amendments Permitting Value-Added Rebates to Consumers
On December 4th, 2020 the NAIC issued a revised Model Law addressing Unfair Trade Practices, which has adopted some baseline language regarding rebates. This Model Law does not have binding ...
New Mexico Moratorium on Filing of Commercial Insurance Forms
On December 4th, 2020 the New Mexico Office of Insurance issued Bulletin 2020-023 addressing the prior approval exemption of most commercial insurance products authorized by 13.8.3.9 NMAC. In light of ...
Montana CSI Recession of Advisory Memorandum
On November 2nd, 2020, the Montana Commissioner of Securities and Insurance released a notice which rescinded an Advisory Memorandum issued on January 23, 2013, titled “Form Provisions Limiting Coverage of ...
Alaska DOI issues Bulletin detailing new round of COVID-related extensions.
On November 16th, 2020, the Alaska Division of Insurance issued Bulletin B20-21 extending review periods for rate, form, and advertisement filings due to COVID related telework orders. Insurers will be ...
1-year Moratorium on Residential Property Insurance affected by California Wildfires
On November 5, 2020, the California Insurance Commissioner declared a 1-year moratorium on the cancellation or non-renewal of residential property insurance policies for properties located in any California ZIP code ...
Louisiana Department of Insurance is changing title agency eligibility.
Per Advisory Letter 2020-04 dated October 22, 2020 the Louisiana Department of Insurance is changing title agency eligibility. Effective January 1st, 2021 Louisiana will no longer allow non-resident licensees to ...