News & Analysis as of

Insurance Industry New Legislation State and Local Government

Saul Ewing LLP

Pennsylvania Enacts New Insurance Legislation That Significantly Expands the Permissible Fees Charged by Surplus Lines Licensees...

Saul Ewing LLP on

Pennsylvania recently enacted two new insurance laws that significantly expand the permissible kinds of value-added products and services that may be provided by insurance licensees in general and the fees that may be charged...more

Jenner & Block

Client Alert: Understanding Florida’s Insurer Accountability Act

Jenner & Block on

In a move aimed at strengthening consumer protection and improving insurer transparency, the state of Florida has implemented the Insurer Accountability Act, a bipartisan insurance law that introduces a range of new duties...more

Brooks Pierce

Brooks Pierce Capital Dispatch: Members are Busy as Crossover Approaches

Brooks Pierce on

Legislators considered dozens of policy bills this week in advance of the May 4 crossover deadline (the date by which policy bills must pass one chamber to remain eligible)....more

Sheppard Mullin Richter & Hampton LLP

Kentucky and Maryland Enact Insurance Data Security Laws

In April, Kentucky (HB 474) and Maryland (SB 207) adopted insurance data security legislation based on the National Association of Insurance Commissioners (NAIC) model law. A total of 15 states have adopted the NAIC Model...more

Mitchell, Williams, Selig, Gates & Woodyard,...

LEGAL ALERT: Big Licensing Changes for Texas Insurance Professionals

On September 1, 2021, Texas HB 4030 went into effect, bringing with it several significant changes for Texas licensed (resident and non-resident) insurance professionals. As summarized below, HB 4030 implements several...more

Locke Lord LLP

Arkansas Implements New Insurance Business Transfer Law

Locke Lord LLP on

On July 28, 2021, Arkansas will implement its recently enacted Insurance Business Transfer Act (“IBTA”). The purpose of the law is to provide insurance carriers a process for the transfer of blocks of business from any...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report — Legislative Day 33

Seven legislative days remain in the 2021 Legislative Session, but you would not believe it based on House and Senate floor action today. Neither chamber held floor votes on any legislation, with the sole bill on the House...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report — Legislative Day 22

Wednesday marked a widely welcomed halfway point to a full legislative week under the Gold Dome. Legislators gave approval to two measures of education interest — Representative Tim Barr’s alternative student transportation...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report — Legislative Day 21

The Georgia State Senate kicked off the second half of the 2021 Legislative Session on Tuesday by considering four measures on the hot topic of the year — Georgia’s election laws. Each bill passed, although three of four were...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report — Legislative Day 14

Legislative Day 14 was a bit like Christmas for lawmakers and lobbyists under the Gold Dome. Everyone got something — a Senate vote on the Amended FY21 Budget (which now proceeds to the House for reconciliation), a House vote...more

McDermott Will & Emery

Federal Pandemic Risk Reinsurance Program: Updated Discussion Draft of Proposed Legislation

McDermott Will & Emery on

As proposed legislation to establish a Federal Pandemic Risk Reinsurance Program remains under review by the US House of Representatives’ Financial Services Committee and Oversight and Reform Committee, a number of...more

Locke Lord LLP

LL Surplus Lines Series (Entry 22): Illinois Introduces Changes to Surplus Lines Laws Regarding Declinations and Group Policies

Locke Lord LLP on

On February 14, 2020, Illinois introduced legislation (SB3783) that would make significant changes in the manner certain surplus lines placements are made in Illinois. Illinois would be the latest state to amend their...more

Ballard Spahr LLP

Delaware and New Hampshire Join Growing List of States With New Insurance Data Security Laws

Ballard Spahr LLP on

Delaware (July 31, 2019) and New Hampshire (August 2, 2019) have become the latest states to add to the insurance cybersecurity landscape by enacting information security laws.  These laws come on the heels of Connecticut’s...more

Locke Lord LLP

LL Surplus Lines Series (Entry 11): Vermont authorizes Domestic Surplus Lines Insurers; Standardizes Premium Tax rates; Repeals...

Locke Lord LLP on

On June 10, 2019, Governor Phil Scott of Vermont signed Senate Bill 131 (the “Bill”) into law, permitting domestic surplus line insurers to offer and sell surplus lines insurance under a surplus lines certificate of authority...more

Locke Lord LLP

LL Surplus Lines Series (Entry 10): Nevada Joins List of Domestic Surplus Lines Insurer States; Revises Broker Fee Statute; Other...

Locke Lord LLP on

Add Nevada to the growing list of states that have adopted domestic surplus lines legislation. Senate Bill 86 (the “Bill”) was signed into law on June 1, 2019, with most provisions effective October 1, 2019. Of perhaps most...more

Akerman LLP - Health Law Rx

Georgia Leads the Way with Enactment of Pharmacy Anti-Steering Law

With an overwhelming amount of bi-partisan support, on May 7, 2019, Georgia enacted the Pharmacy Anti-Steering and Transparency Act, O.C.G.A. §26-4-119 (the GA Act). The GA Act goes into effect as of January 1, 2020....more

Brooks Pierce

North Carolina Legislative Update - May 2019 #2

Brooks Pierce on

Legislators considered dozens of bills this week in advance of the bill crossover deadline. Both chambers are taking a short break before the Senate gears up to release and pass their version of the budget by the end of the...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - March 2019 #2

While West Georgia is in recovery mode due to the brutal storms on Sunday, lawmakers returned to a blustery Atlanta to work through several bills on Rules Calendars in the House and Senate....more

Pierce Atwood LLP

Under the Dome Special Edition: 2018 Supplemental Summary of New Maine Laws

Pierce Atwood LLP on

We are pleased to provide you with our 2018 Supplemental Summary of New Maine Laws resulting from the Second Special Session of Maine’s 128th Legislature, which adjourned sine die on Thursday, September 13, 2018. The general...more

Downs Rachlin Martin PLLC

Captive Insurance Update | Issue No. 2 | 2018 - A summary of state and federal developments in the captive insurance industry

Vermont's Leadership Team - Vermont’s leadership team largely stayed the course in 2017. Governor Phil Scott and Michael Pieciak, the Commissioner of the Department of Financial Regulation (the “DFR”), each completed a...more

Carlton Fields

Alaska Follows Other States In Adopting Law Based On Updates To NAIC Credit For Reinsurance Model Law

Carlton Fields on

On July 13, 2018 Alaska became the last state to incorporate amendments to the NAIC Credit for Reinsurance Model Law into its insurance code when Governor Bill Walker (I) signed House Bill 401 into law....more

Robinson+Cole Data Privacy + Security Insider

Massachusetts PATCH Act, Requires Additional Protection for Certain Confidential Health Care Information

Earlier this year, Governor Charlie Baker signed into law an Act to Protect Access to Confidential Healthcare (the PATCH Act), which prevents information regarding “sensitive health care services” from being shared with...more

Carlton Fields

Unclaimed Life Insurance Benefits: The First Half of 2018 in Review

Carlton Fields on

The pace of developments in the unclaimed life insurance benefits space remained active in the first six months of 2018, with new judicial decisions and state legislative enactments making an impact....more

Locke Lord LLP

Connecticut’s Move to Authorize Agency Captive Insurance Companies

Locke Lord LLP on

On May 9, 2018, SB 377, “An Act Authorizing Agency Captive Insurance Companies,” introduced by Connecticut Senators Larson and Kelly, was passed into law. SB 377 allows licensed insurance agents and producers to establish an...more

Carlton Fields

Michigan Amends Reinsurance Credit Statute To Conform To NAIC Model Law

Carlton Fields on

On April 10, 2018 Michigan Governor Rick Snyder (R) signed Michigan Senate Bill 638 into law to amend the state’s insurance code to conform to the National Association of Insurance Commissioner (“NAIC”)’s model law on...more

35 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide