Senate committee meetings continue under the Gold Dome as this report is published on Wednesday. With the Senate’s requirement that bills pass out of committee before the chamber convenes for Legislative Day 38, legislators...more
While legislators and lobbyists continued to nurse the hangover of Crossover Day, the most unlikely of events unfolded in the Georgia State Senate on Monday. Senate Majority Leader Steve Gooch (R-Dahlonega) awarded the...more
Work continues under the Gold Dome as this Report went live on Tuesday evening, with legislators in the House and Senate jockeying to get their bills and resolutions across the hall before the gavel falls on Crossover Day...more
We have previously reported on New Jersey’s effort to enact legislation prohibiting stranger-originated life insurance (STOLI) and the New Jersey case law leading up to that legislation. See June 2019, December 2019, and...more
IN RESPONSE TO RECORD-BREAKING FIRE LOSSES IN 2017, THE CALIFORNIA GOVERNOR SIGNED THE INSURANCE ADJUSTER ACT OF 2019 INTO LAW ON OCTOBER 3, 2019, WHICH NOW TAKES IMMEDIATE EFFECT TO GOVERN THE USE OF OUT-OF-STATE ADJUSTERS...more
New Hampshire Governor Chris Sununu recently signed the New Hampshire Insurance Data Security Law, which “establishes the exclusive state standards applicable to licensees for data security, the investigation of a...more
The Florida Legislature passed House Bill 7065 (“HB 7065” or the “Act”), which takes effect today, July 1, 2019, as Section 627.7152, Florida Statutes. The Act regulates post-loss assignment of benefits (“AOB”) contracts...more
Illinois has adopted a bill that includes a number of revisions to its laws regarding captive insurance companies. ...more
South Carolina passed new legislation making numerous and streamlining changes to its captive insurance law. Included in the changes are: modified capital and surplus requirements, a new definition of a captive’s principal...more
On April 12, 2018, Kansas Governor Jeff Colyer signed into law SB 410– a bill establishing the Captive Insurance Act, which creates two new types of captives – branch and special purpose – and specifies the regulatory...more