Regulatory Updates

Posted January 13, 2025, Alaska declared a catastrophe in response to severe windstorms that occurred the weekend of January 11, 2025. A nonresident independent adjuster not licensed by this state who is licensed by and in good standing with its resident state may act as an adjuster and adjust a single loss in this state during a calendar year, or may act as an adjuster and adjust losses arising out of a catastrophe as declared by the director. 

Please see the attachment for more information.

Posted January 9, 2025, California since 2007, has distributed notices to insurers, agents/brokers, and adjusters regarding significant California laws that pertain to residential property insurance policies. These notices focus on wildfire claims and can be found on the Department’s Wildfire Resources webpage. These cover a range of topics such as:  - Cost Calculation,  - Time Limit To Collect Cost,  - Land Value Deduction,  - Advance Payments (additional living expenses),  - and More  Please see the attachment for more information.

Posted January 9, 2025, California releases a guide for adjusting property claims after a major disaster. In this guide, the topics go over: - Registration,  - Required Documentation, - CE Requirements,  - The Departments Annual Notice and Guide for Adjusting Property Claims   After the state declares a state of emergency, licensed adjusters and qualified managers are to require the employees and non licensed adjusters under their supervision to read and understand the Department’s most recent Notice and this Guide no later than 15 calendar days from the date on which the employee began claims adjusting activity in California.

Effective December 1, 2024, Pennsylvania revised the 1609-PR Affidavit which can be found on the following link: PASLA The following fields have been removed on the affidavit: - Location of Risk - Street Address Only - Amount of Insurance - Property Amount - Amount of Insurance - Casualty Amount Please see the attachment for more information.

 Effective February 8, 2025, the Massachusetts Division of Insurance will be changing to the below address,

One Federal St., Suite 700 Boston, MA 02110

Posted January 9, 2025, California issued a mandatory pause on cancellations and non renewals of policies of residential property insurance for one year. “An insurer shall not cancel or refuse to renew a policy of residential property insurance for a property located in any ZIP Code within or adjacent to the fire perimeter, for one year after the declaration of a state of emergency"

On January 7, 2025, Governor Gavin Newsom proclaimed a state of emergency in the following ZIP Codes:  - Palisades Fire: 90049, 90265, 90272, 90290, 90402, 91301, 91302, 91320, 91356, 91361, 91364, 91436  - Eaton Fire: 91001, 91006, 91007, 91011, 91016, 91020, 91024, 91042, 91101, 91103, 91104, 91106, 91107, 91108, 91206, 91208, 91214, 91706, 91731, 91732, 91775, 91780, 93563 Please see the attachment for more information.

Posted January 8, 2025, Illinois Department of Insurance’s Chicago Office has relocated to the following address: 115 South LaSalle Street 13th Floor Chicago, Illinois 60603 Please see the attachment for more information.

Posted January 9, 2025, The Excess Line Association of New York (ELANY)  posted a bulletin providing information on the filing of "ZERO" premium tax statements through the Department of Financial Services (DFS) portal if they meet ALL of the following criteria: - No surplus lines business was written in New York for the year 2024 - No transactions were reported to Excess Line Association of New York (ELANY) for any endorsements/cancellations - No premium taxes or credits are due for 2024 and prior years. Please see the attachment for more information.

Posted January 8, 2025, Colorado clarified how Zero Reports and Annual Reports should be processed with Colorado moving to the SLIP system. Please see the attachment for more information.

Effective February 12, 2025, Pennsylvania has updated additional clarification and modernization for the following sections for both resident and nonresident: Licensing, Appointment, Termination, Fictitious names, and license renewal requirements.

A significant change involves General 'Business Entity' language and 'Managers and Exclusive General Agents'. See attached for more details.