The National Association of Insurance Commissioners (NAIC) announced the Market Conduct Annual Statement (MCAS) system will be revised. The updated system will allow users to access data on a state [...]
The National Conference of State Legislatures (NCSL) has weighed in on the debate of which surplus lines proposed reform should be accepted. The challenge is establishing allocation formulas to help [...]
Effective January 1, 2011, the Pennsylvania Insurance Department will have an additional process in its Electronic Filing System (EFS) that will allow surplus lines licensees to file incomplete filings.
Minnesota Catastrophe or Emergency Adjuster Law went into effect in August 1, 2010. An insurer must file a written statement to the department for an emergency adjuster. The statement may [...]
Effective January 1, 2011, the California credit licensing laws will change allowing current credit insurance licensees may sell GAP insurance. Under California law, GAP Insurance is insurance that a person [...]
Effective January 1, 2011, California adjuster licensing laws will change as follows: Current independent and public adjuster licensees who renew their license (that expires May 31 2012) are required to [...]
Effective December 15, 2010, the Florida Department of Financial Services, Division of Agent and Agency Services, will no longer accept VISA-branded credit or debit cards for payment. VISA’s regulations prevent [...]
Is a surplus lines reform compromise in the works? The objective is to provide uniform surplus lines regulatory standards as well address the collection and allocation of surplus lines taxes. [...]
The Connecticut Insurance Department has two important announcements. Effective immediately, resident licensees may apply for a new or renewal resident insurance license on the NIPR website at www.nipr.com. Effective December [...]
Surplus Lines remains an area of insurance yet to be modernized. Recently there has been a lot of activity to create uniform requirements, forms and procedures including state tax filings. [...]
