Insights

Each state Department of Insurance requires that insurance producers — brokers and agents — keep their information up to date in the DOI's records by timely notifying the DOI of any changes to the producer's information, usually within 30 days of the change.

Information data security has been a hot topic for the insurance industry in recent years, particularly the development of information security programs (“ISPs”) by insurers, producers, and other insurance licensees.

In 2020, the NAIC revised the Insurance Holding Company System Regulatory Act and Insurance Holding Company System Model Regulation to require that all insurance company holding systems annually report the system’s group capital calculation to its lead state commissioner.

To help address the high costs of air ambulance services, Congress included requirements regarding air ambulance services in the No Surprises Act. Learn more.