Westmont Wire
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On November 2nd, 2020, the Montana Commissioner of Securities and Insurance released a notice which rescinded an Advisory Memorandum issued on January 23, 2013, titled “Form Provisions Limiting Coverage of ...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 ...
Delaware Department of Insurance Issues Updated Bulletin No. 5
On October 8th, 2020, the Delaware Department of Insurance released an updated Bulletin No. 5, which requests the submission of an annual certification of compliance with the Delaware Insurance Data ...
NAIC Request for Information
On September 28th, 2020, the NAIC Innovation and Technology task force sent out a request for information pertaining to regulatory relief related to innovation and technology in response to COVID-19. ...
New York State Amended Producer Licensing Certification Process
The New York Department of Financial Services (DFS) and the New York State of Health (NYSOH) has announced that, effective August 31st, 2020, producers seeking certification must now visit the ...