State Insurance Department Updates

On the heels of our last post regarding Alaska’s reinstatement of its “filing for prior approval” requirement, here’s some other recent insurance department news on the state filing front:

Arkansas issued Bulletin No. 9-2010 dated November 2nd to advise that SERFF and EFT will be required for rate and form filings effective March 1, 2011….Connecticut alerted the industry informally this week that it will be releasing a bulletin soon to implement a SERFF requirement as of some yet to be determined effective date…. Delaware released Forms and Rates Bulletin No. 33 informing insurers that the department will only accept EFT for payment of fees in connection with rate, form, rule and advertisement filings.

Also, Michigan continues to work with trade groups to refine requirements for its anticipated data call for policies sold since January 1, 2000. And Alaska issued Bulletin B-10-07 on October 28th requesting that insurers provide an updated general email address specifically for the purpose of receiving email notifications from the department, to avoid situations where notification emails from the department are returned as undeliverable due to staffing changes at insurers.