MAY 27, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
As reopening continues, state regulatory guidance has slowed significantly with the exception this week being guidance on coverage for COVID-19 testing. Download the current chart here.
TDI Announces CGAD Filing Not Required for Texas Domestic Insurers or HMOs
During the last legislative session, Texas enacted Insurance Code Chapter 831 to adopt the corporate governance annual disclosure (“CGAD”) annual filing requirement for all Texas domestic insurers and HMOs. The purpose of the CGAD filing is to have insurers or insurance groups disclose information…
MAY 12, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
Most bulletins this week revolved around extension of previously issued state regulatory guidance. Download the current chart here.
MAY 5, 2020 UPDATE: Survey of State Insurance Department COVID-19 Regulatory Actions
Even though certain states are starting to reopen, many insurers and producers continue to work remotely. Recognizing the practical challenges associated with a remote workforce, which are further complicated by social distancing requirements, more states are offering filing deadline extensions or…
Texas Supreme Court Creates New Exception to "Eight-Corners Rule"
In disputes concerning an insurer’s duty to defend, Texas courts may now consider extrinsic evidence of fraud and collusion designed to secure a defense. * * * On May 1, 2020, the Texas Supreme Court delivered its opinion in Loya Insurance Company v. Avalos, adopting a new exception to the “Eight…