Category: National News
May 18, 2011
The following proposed insurance-related Rules were recently filed with the State of Washington’s Code Revisers Office. Proposed Rules: Note: Rulemaking Hearings for the following proposed Rules are scheduled for 9:00 a.m. and 10:00 a.m., respectively, on May 26, …
May 17, 2011
The National Association of Insurance Commissioners (“NAIC”) Surplus Lines Implementation Task Force Clearinghouse Plan of Operation Subgroup (“Subgroup”) met via teleconference today, May 17, 2011, to review a draft plan of operation for the Nonadmitted Insurance Multi-State Agreement (“NIMA”) …
May 6, 2011
The Rhode Island Department of Business Regulation’s Division of Insurance (“Division”) recently issued Insurance Bulletin Number 2011-2, which advises that the State’s Long-Term Care statute and the Annuity Suitability regulation provide for substantive training of producers prior to the sale, solicitation …
Apr 26, 2011
During an April 21, 2011 teleconference, the National Association of Insurance of Insurance Commissioners (“NAIC”) Surplus Lines Task Force (“Task Force”) approved for a 21-day written comment period a model advisory bulletin designed to outline nationwide regulatory changes that will affect …
Apr 14, 2011
The following news release was issued by the National Association of Insurance Commissioners on April 14, 2011: NAIC Capital Markets Bureau: 2010 CMBS Assessments Produce Little Impact on Insurer Capital Requirements WASHINGTON, D.C. (April 14, 2011) – The Capital …
Apr 12, 2011
The following news release was issued by the National Association of Insurance Commissioners on April 12, 2011: Maryland Implements SBS WASHINGTON, D.C. (April 12, 2011) – The National Association of Insurance Commissioners (NAIC) announced today the State Based …
Apr 12, 2011
The following news release was issued by the National Association of Insurance Regulators on April 12, 2011: NAIC NY Office Name Change Reflects Expanded Services to Regulators, Public Capital Markets and Investment Analysis Office Adds Staff and Services …
Apr 4, 2011
Pursuant to a law enacted in 2010, the Washington State Insurance Commissioner is required to adopt regulations establishing licensing and education requirements for crop adjusters. The new Rules, effective June 27, 2011, relate to crop adjuster pre-licensing education, examination, …
Mar 22, 2011
The following news release was issued by the National Conference of Insurance Legislators on March 22, 2011. The complete news release is reprinted below. KENTUCKY FIRST ON SLIMPACT, NEW MEXICO, OHIO CLOSE BEHIND Washington, DC, March …
Mar 21, 2011
The National Association of Insurance Commissioners has advised that the March 27, 2011 Surplus Lines Implementation Task Force (“Task Force”) meeting has been canceled. The meeting was part of the NAIC’s March 26-29 2011 Spring National Meeting agenda. Instead, …