News & Analysis as of

Insurance Regulations Comment Period

Cozen O'Connor

Claims Notes: August 2025

Cozen O'Connor on

Umpire Not Immune from Insurer’s Suit for Undisclosed Conflicts - A toilet supply line leak damaged Rike’s home. She submitted a claim to her property insurer and demanded an appraisal. Rike and the insurer selected their...more

Kennedys

Proposed Washington code amendments modify insurer claims handling requirements

Kennedys on

Proposed Washington Administrative Code amendments would tighten the deadlines and increase insurers’ requirements while simultaneously finding a single misstep a basis for a violation....more

Carlton Fields

NAIC Annuity Suitability Working Group Issues Guidance on Insurers’ Oversight of Third-Party Supervising Entities

Carlton Fields on

On August 7, 2025, the National Association of Insurance Commissioners’ Annuity Suitability (A) Working Group issued draft safe harbor regulatory guidance with a comment period that ends on September 22, 2025. The draft...more

Mayer Brown

New York State Department of Financial Services Issues Proposed Artificial Intelligence Circular Letter

Mayer Brown on

On January 17, 2024, the New York State Department of Financial Services (“NYSDFS”) released a proposed circular letter addressing the use of external consumer data and information sources (“ECDIS”) and artificial...more

Stikeman Elliott LLP

British Columbia Conducts Consultation on Restricted Licence Regime for Incidental Sellers of Insurance

Stikeman Elliott LLP on

British Columbia’s Ministry of Finance is conducting a consultation on the adoption of its proposed restricted insurance agent licensing regime for incidental sellers of insurance. The proposal is similar to what is already...more

Carlton Fields

ASB Airs Summer Rerun: Seeks Round 2 of ASOP 2 Comments

Carlton Fields on

When last we left the Actuarial Standards Board (ASB), the board was considering comments on the first exposure draft of proposed changes to Actuarial Standard of Practice No. 2 (ASOP 2), now titled “Nonguaranteed Elements...more

Carlton Fields

Is It Time to Come Out and Play? New Rules Proposed on What Constitutes Rebating

Carlton Fields on

While everyone was working from home, the NAIC's Innovation and Technology (EX) Task Force (Innovation TF) was busy creating proposed new game rules on rebating. ...more

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

Washington State Opens Rule Making Process for Increasing Allowable Amount for Risk Reduction Goods and Services

The Washington State Office of the Insurance Commissioner announced it would start a rule making process for increasing allowable amount for risk reduction goods and services in the State of Washington. The insurance industry...more

Hogan Lovells

The FCA consults on amendments to the SMCR: Excludes Head of Legal from the Senior Managers Regime and clarifies the scope of the...

Hogan Lovells on

On 23 January 2019, the Financial Conduct Authority (FCA) published a consultation paper (CP19/4) on optimising the Senior Managers and Certification Regime (SMCR). This paper consults on a range of proposed amendments and...more

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