Northeast Zone
Connecticut
In the Notice dated September 12, 2024 the Connecticut Insurance Department (CID) alerts insurance companies that the “coverage standards for paid family and medical leave products (CT PFML policies) established by the Paid Family and Medical Leave Insurance Authority have been amended pursuant to Public Act 24-5.” Effective October 1, 2024 these standards were expanded to provide coverage to sexual assault victims who satisfy certain requirements for leave. The CID has published a revised filing checklist for CT PFML policies on its website and reminds carriers with CT PFML policy forms that have previously been approved by the CID to file amendments through SERFF.
New York
Pennsylvania
Notice 2024-15, dated September 14, 2024, addresses the “Filing of Rate Ranges” and indicates that “except for the use of schedule rating (which is confined to commercial lines products), product filings should not be submitted containing rate ranges.” While this is not a new requirement, the Department states that, “entities are not required to resubmit previous filings that contained rate ranges, but that it will not accept new filings that include manual pages previously submitted containing rate ranges."
Rhode Island
Bulletin 2024-8, dated September 9, 2024, addresses the use of various types of vehicle history scores in private passenger automobile insurance rating. The Bulletin reminds insurers of the wording found in 230-RICR-20-05-3 Automobile Insurance Rating section 3.7 and the requirements for the criteria of a Chargeable Accident as well as the allowed three year look back period. Bulletin 2024-8 further states that “any insurer currently utilizing a non-compliant vehicle history score must submit a filing to the Division via SERFF removing the non-compliant elements no later than November 30, 2024. These non-compliant rating elements shall not be included in future filings.”
Southeast Zone
Midwest Zone
Western Zone
Kathy Donovan is Senior Compliance Counsel, insurance with Wolters Kluwer Financial Services. Kathy has more than two decades of experience in insurance compliance. Her expert commentary on legal and regulatory issues affecting the insurance industry is widely published and she is a regular presenter at various industry events.
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