The Louisiana Department of Insurance (LOI) is requiring all authorized property
and casualty insurers, including insurers that write private and/or excess flood insurance
coverage and surplus lines insurers, (collectively, insurers) to complete the claims
reporting Excel spreadsheet.
Check out Bulletin 2021-10 for more information.
The amended section of the regulation is intended to facilitate the transition to rate parity between policyholders of the same class and hazard to avoid unfairly discriminatory rating. The new section specifically addresses the practice of rate change limitations such as caps, ceilings, or floors to new and or existing policyholders.
Please see the Colorado Regulation Regulation 3 CCR 702 Reg. 5-1-20 s 1 for more information.
When insurers submit any amendments, changes to policies or endorsements, and revisions to a rule manual previously approved or filed by the Department – a red-lined version of the language and a memorandum or summary highlighting the changes must be submitted.
Arkansas Insurance Department requires insurance companies to pay a fee of fifty dollars ($50.00) for all property and casualty submissions.
Please see Bulletin 1-2021 to learn about the new filing requirements in Arkansas.
Texas 2020-6581, amends the notice that is to be provided with Workers’ Compensation policies, certificates or evidences of coverage. Effective July 1, 2021, The adopted amendment modifies the email address to [email protected] in the Spanish version of the notice (refer to Figure: 28 TAC §1.601(a)(2)(C) of §1.601).. The form of notice is not required to be filed with the Department.
In Bulletin 20-IB-3-11/23, The District of Columbia D.O.I. has announced the temporary postponement of all rate increases filed during the Public Health Emergency to provide further relief to policyholders. The postponement is effective immediately.
Martin & Company can help your company stay in compliance, please contact us today.
Michigan issues order requiring additional automobile insurance refund filings by July 24, 2020.
Please see Order No. 2020-13-M for more details.
Your Terrorism Notices need to be updated to comply with the Terrorism Risk Insurance Program Reauthorization Act of 2019.
Martin & Company’s State Filing Task Team is here to help get the proper forms and rules filed to remain compliant.
• We can assist with the development of revised materials
• Filing the necessary notices, corresponding rules, etc.
• Provide access to OneView that allows for easy tracking of filing activity in one repository
Contact anyone on our team today for assistance!
The CO Annual Report of Forms applies to all insurers providing claims made coverage. The filing is due every July 1st.
Please see C.R.S. 10-4-419 and Claims-Made Liability Form Certification Filing Checklist for more details.
Pennsylvania has issued a bulletin regarding Education Requirements for Licensees that cannot be met due to COVID-19. The Bullentin also states that until further notice, temporary extentions for renewal deadlines will be given.
Please see Bulletin 2020-06 for more details.
Minnesota released a circular stating the Terrorism Risk Insurance Program Reauthorization Act of 2019 was extended through December 31, 2027.
Please see WC Circular Letter 20-1760 for more details.
Martin & Company can help your company stay in compliance, please contact us today.