Category: National News

  Delaware Insurance Commissioner Karen Weldin Stewart issued Surplus Lines Bulletin No. 13 on June 30, 2014 to address the addition of a notary signature form to the current Statement of Diligent Effort (Form SL-1923 or “Form”).  The addition was …

    The National Conference of Insurance Legislators’ (“NCOIL) 2014 Summer Meeting in Boston, Massachusetts concluded on July 13.  During the three-day gathering, legislators and interested parties explored a variety of key issues.  Their actions included: Unanimous adoption of a …

Above:  NAIC CEO Ben Nelson Announced the Launch of a State-Based Insurance Regulation Education Campaign Today   The National Association of Insurance Commissioners (“NAIC”) announced today, July 16, 2014, that it has launched “Protecting the Future,” an educational initiative about …

The National Association of Insurance Commissioners (“NAIC”) Executive Committee recently voted unanimously to accept the recommendation from its Governance Review Task Force to retain a consultant to assist in a comprehensive review of NAIC governance.  To view specific actions to …

  The latest edition of the National Conference of Insurance Legislators (“NCOIL”) newsletter, “NCOILetter,” was published today, July 7, 2014.  To view the newsletter, click here. Articles in this issue include: NCOIL International Issues Task Force Plans Decisive Action Congress Moves …

  A full slate of insurance-related issues and proposals is on the agenda for this week’s National Conference of Insurance Legislators’ (“NCOIL”) 2014 Summer National Meeting, which runs from July 10 through July 13 in Boston, Massachusetts: Among the topics …

  Maryland Insurance Commissioner Therese M. Goldsmith announced the appointment of Ms. Nancy Grodin as Deputy Insurance Commissioner, effective today, July 1, 2014.  As Deputy Commissioner, Ms. Grodin will oversee day-to-day operations of the Maryland Insurance Administration (“MIA”).  Appointed as …

  As originally set forth by its 2008 Reinsurance Regulatory Modernization Framework Proposal, the National Association of Insurance Commissioners (“NAIC”) has once again committed to re-examine the amounts of reinsurance collateral required of certified reinsurers that are licensed and domiciled …

  Public comments are due to the Texas Department of Insurance (“DOI”) by September 3, 2014 on proposed Rules pertaining to the Texas Windstorm Insurance Association’s (“TWIA”) claim-filing deadline. The DOI proposes to amend 28 TAC §5.4200, “Definitions,” and add …

  In its ongoing discussions on the the appropriate scope, form, and accounting basis for group-wide financial reporting and the use of such reports, the National Association of Insurance Commissioners (“NAIC”) Group Solvency Issues Working Group (“Working Group”) has narrowed …