On August 6, the Virginia Bureau of Insurance (BOI) issued Administrative Letter 2025-03 (the Letter) to all companies seeking to be licensed as insurers in Virginia. The Letter addresses requirements for domestic, foreign,...more
On July 22, the Virginia Bureau of Insurance (BOI) issued Administrative Letter 2025-02 (the Letter) to all licensed insurers writing Managed Care Health Insurance Plans (MCHIPs) in Virginia. The Letter clarifies what...more
The Maryland Insurance Administration (MIA) recently proposed to revise a regulation regarding the use and disclosure of credit history in underwriting and rate making for personal automobile policies. Specifically, the...more
8/4/2025
/ Auto Insurance ,
Consumer Reporting Agencies ,
Credit Reports ,
Disclosure Requirements ,
Fair Credit Reporting Act (FCRA) ,
Insurance Industry ,
Insurance Regulations ,
Maryland ,
Proposed Regulation ,
Regulatory Requirements ,
State Insurance Administrations
On July 30, an 8.8 magnitude earthquake occurred off of Russia’s Eastern Kamchatka coast, subsequently triggering tsunami warnings in, among other places, Japan and Hawaii. Some have postulated that rising sea levels could...more
In its recently issued Final Rule (CMS-9884-F; 90 FR 27074-01; the Final Rule), the Centers for Medicare and Medicaid Services (CMS) finalized revisions to 45 C.F.R. § 155.220(g)(2) to specify a standard of proof for...more
7/31/2025
/ Administrative Proceedings ,
Affordable Care Act ,
Agents ,
Brokers ,
Centers for Medicare & Medicaid Services (CMS) ,
Consumer Protection Laws ,
Department of Health and Human Services (HHS) ,
Enforcement Actions ,
Final Rules ,
Health Insurance ,
Healthcare Reform ,
Insurance Industry ,
Preponderance of the Evidence ,
Regulatory Requirements
In the course of corporate development, either by an extant insurance holding company structure or in another context such as private equity, the question may arise: “How do we diligence an insurance company?” This Article...more