Insurance Compliance

IVASS Warns of Counterfeit Suretyship Policy From KLPP Insurance

IVASS has issued a consumer warning after identifying a counterfeit draft suretyship insurance policy (bozza di polizza fideiussoria contraffatta) purportedly issued by KLPP Insurance & Reinsurance Company Ltd, a Cyprus-based insurer. KLPP itself has disavowed the document, confirming it is fraudulent. The insurer is legitimate and subject to supervision by Cyprus's Insurance Companies Control Service (ICCS), but the specific policy document in circulation is unauthentic. IVASS urges heightened vigilance among consumers and intermediaries when evaluating insurance offers, particularly suretyship coverage.

Commissioner Schmidt Offers Severe Weather Insurance Claim Assistance to Six Kansas Counties

Kansas Insurance Commissioner Vicki Schmidt reminds residents, businesses, and agents affected by recent severe weather in Chase, Franklin, Linn, Lyon, Miami, and Osage Counties to contact the Kansas Department of Insurance for assistance with insurance claims. The Department has been in contact with local authorities and is offering help through its Consumer Assistance Division at 785-296-3071, by email at KDOI.complaints@ks.gov, or online at insurance.kansas.gov. This is informational outreach following storm damage, not a regulatory mandate.

Guidelines on Use of Aerial Imagery in Insurance Coverage Determinations

The Tennessee Department of Commerce & Insurance issued guidance bulletin AerialImageryBulletin25-03 directing insurance carriers on the permissible use of aerial imagery, including drone photography, when evaluating consumer properties for coverage decisions. The bulletin establishes that aerial imagery must not be the sole basis for policy non-renewal, cancellation, or claim denial; homeowners must be notified before imagery is used and given the opportunity to dispute its accuracy; and carriers must ensure imagery is recent, clear, and representative of current property condition. The guidance warns that denying claims based solely on low-resolution, outdated, or imprecise aerial imagery constitutes an unfair claims practice under Tenn. Code Ann. § 56-8-105.

Federal Assistance Available for Washingtonians Impacted by December 2025 Floods

FEMA has made individual disaster assistance available to Washington residents in Chelan, Grays Harbor, King, Lewis, Pacific, Pierce, Skagit, Snohomish, Thurston, and Whatcom counties, as well as tribal communities, following December 2025 flooding. The assistance covers temporary housing, home repairs, and low-cost loans for uninsured losses. The atmospheric rivers beginning December 8 prompted evacuation orders for more than 100,000 residents, damaged nearly 4,000 homes, and caused an estimated $182.5 million in public infrastructure damage. Residents can apply via DisasterAssistance.gov, the FEMA app, or 800-621-3362.

IBHS Wildfire Prepared Home Designations Now Available in Washington

The Insurance Institute for Business and Home Safety (IBHS) has expanded its Wildfire Prepared Home designation program to Washington and nine additional states, adding to existing availability in California, Nevada, New Mexico, and Oregon. Washington State Insurance Commissioner Patty Kuderer, who sponsored Senate Bill 6079 to create a grant program supporting home retrofits using IBHS standards, endorsed the expansion as a step toward physical and financial resiliency against wildfire threats.

Direct Acquisition of Bonita Springs Retirement Village by ACTS Acquisition Approved

The Florida Office of Insurance Regulation has issued Consent Order OIR 2026-29 approving the direct acquisition of Bonita Springs Retirement Village, Inc. (BSRV) by ACTS Acquisition and Development Company, LLC. BSRV, a Florida not-for-profit corporation operating a Continuing Care Retirement Community, was previously controlled by SantaFe HealthCare, Inc. The transaction involved the applicant acquiring 100% effective control of BSRV. The consent order imposes conditions including cooperation with future examinations, continuation of existing residency agreements, and a 30-day removal requirement for any individual deemed unacceptable under the Florida Insurance Code.

Surplus Lines Export List Adoption Following March 19 Public Hearing

Insurance Commissioner Trinidad Navarro completed his review of the proposed Export List presented at the March 19, 2026 public hearing and issued a Final Order adopting the Export List effective April 13, 2026 (Docket No. 5917-2026). Written comments were received from John Savant of Insurance Agents & Brokers and John Meetz of Wholesale & Specialty Insurance Association on March 17, 2026, with no objections filed by authorized insurers. The Export List identifies insurance coverages eligible for surplus lines placement without requiring a diligent search among admitted carriers.

ATRIO Health Plans Placed Under Supervision Due to Financial Condition

The Oregon Division of Financial Regulation (DFR) issued an order of supervision to ATRIO Health Plans, Inc., on April 13, 2026, citing excessive operating losses over the prior 12 months and inadequate capital and surplus. The order restricts ATRIO from withdrawing funds, lending, transferring property, incurring debt, merging, approving new premiums, or releasing policy reserves without DFR approval. Approximately 35,340 Oregonians enrolled in Medicare Advantage plans across 11 counties are affected; DFR has placed a representative on site to control financial decisions and protect consumers.

Commissioner Causey Reschedules Dwelling Rate Hearing to July 6

North Carolina Insurance Commissioner Mike Causey has rescheduled the public hearing on the N.C. Rate Bureau's proposed statewide dwelling insurance rate increase from May 4 to July 6, 2026. The Rate Bureau filed the proposed increase on October 30, 2025, seeking a Year 1 average statewide increase of 28.5% effective July 1, 2026, and a Year 2 increase of 30.9% effective July 1, 2027, for a combined proposed average increase of 68.3%. The Department and Rate Bureau indicate progress toward settlement, with the hearing to be held only if a settlement is not completed before July 6.

Oregon PDAB Community Forums on Prescription Drug Costs

The Oregon Prescription Drug Affordability Board is hosting seven community forums (four in-person, three online) in April and May 2026 to gather public testimony on prescription drug costs affecting Oregonians. The forums will inform PDAB's annual drug review process, which examines affordability challenges for medications including Jardiance, Mounjaro, Ozempic, Keytruda, and others treating diabetes, cancer, and autoimmune conditions. Oregonians can share experiences through in-person events at libraries and community centers, online sessions via Zoom, or written feedback forms submitted through the PDAB website.

NIPR Phishing Scam Warning - Fraudulent Emails Requesting Payment

The Nebraska Department of Insurance issued an alert on April 10, 2026 warning insurance agents about an active phishing email campaign impersonating the National Insurance Producers Registry (NIPR). The fraudulent emails reference past-due invoices and appear to come from trusted domains including @nipr.com, @naic.org, and @stripe, but were not sent from official NIPR accounts. NIPR and the National Association of Insurance Commissioners (NAIC) are jointly investigating the campaign and have posted warning alerts on NIPR's website and in the licensing application center.

Commissioner Causey Highlights Distracted Driving Dangers in Charlotte

Insurance Commissioner Mike Causey will join other traffic safety advocates to highlight the dangers of distracted driving at a news conference at Pearl Street Park in Charlotte on Tuesday, April 14, 2026, at 1:30 p.m. April is Distracted Driving Awareness Month, and the event will feature speakers including a distracted driving crash survivor, AAA representatives, a teen driving ambassador, and N.C. Highway Patrol. The conference is open to area media, which may RSVP at press@ncdoi.gov. While the event is informational rather than regulatory, it underscores the connection between distracted driving behaviors and auto insurance rate impacts.

Ultimate Health Plans Inc Final Order for HMO Contract Non-Compliance

The Florida Office of Insurance Regulation issued a Final Order against Ultimate Health Plans, Inc. (UHP), finding that UHP's administrative service agreements with Mirra Health Care, LLC and Customer Service and Technology Solutions, LLC failed to include statutorily mandated language required by section 641.234(3), Florida Statutes — specifically, a provision allowing the Office to cancel contracts upon issuance of an order. The Order requires UHP within 30 days to amend all non-compliant contracts to include the required language, cease reliance on non-compliant agreements, and submit all administrative service agreements to the Office for review by the 31st day. UHP is a Medicare Advantage HMO with 7,705 subscribers enrolled in C-SNP and D-SNP plans.

Ava Lakes LLC Consent Order - CCRC Provisional Certificate of Authority

The Florida Office of Insurance Regulation granted Ava Lakes LLC (a Maryland limited liability company affiliated with Erickson Living Holdings LLC) a Provisional Certificate of Authority and Certificate of Authority to operate a Continuing Care Retirement Community in Boynton Beach, Palm Beach County, Florida. The CCRC will consist of 738 independent living units and a healthcare center with 53 assisted living, 15 memory care, and 15 nursing units. The consent order imposes 22 binding conditions including a 30-day deadline to remove any unacceptable personnel identified by the Office, ongoing liquid reserve requirements, prior approval before any escrow withdrawals or construction loan execution, management change notification within 10 business days, and Office review of any new or refinancing transactions at least 30 days before closing.

Mirra Health Care LLC Immediate Certificate of Authority Suspension

On March 23, 2026, the Florida Office of Insurance Regulation issued an Immediate Final Order suspending Mirra Health Care LLC's certificate of authority effective immediately, pursuant to section 626.891(3), Florida Statutes. The suspension stems from Mirra Health's unauthorized delegation of claims-processing and other core administrative functions to four unlicensed offshore entities—Data Marshall, BluOne India, LLP, HOM India Private Limited, and Saibervet, LLC—operating in India and the Philippines, without securing required advance written approval from the three Florida HMOs it contracted with. Mirra Health also provided these unlicensed entities access to sensitive claims and enrollment data, and failed to produce all subcontracting contracts during the regulatory examination, violating section 626.884. The action directly affects 23,119 Florida Medicare Advantage enrollees across C-SNP, D-SNP, and I-SNP plans administered by Secur, Solis Health Plans, and Ultimate Health Plans.

Italian Auto Insurance Premiums Hit €13B in 2024

IVASS published its statistical bulletin on auto insurance activity covering 2024 and H1 2025. Supervised insurers collected €17.5 billion in total premiums in 2024, with r.c. auto and natanti reaching €13 billion (+6.5% year-on-year), representing 31.7% of non-life premium income. The average premium increased 7% to €338 and vehicle count declined 0.6%. Claim frequency held steady at 5% while average claim cost rose to €5,422 (+6.8%). The sector remained profitable due to financial management contributions despite worsening technical results from €581 million in 2023 to €362 million. For CVT coverage, premiums reached €4.5 billion (+14%), with SEE (EEA) insurers growing their market share to 11.2%.

IVASS Orders Blocking of 2 Unauthorized Insurance Websites

IVASS has ordered the blocking of two websites offering insurance services without authorization: assicurazionitridentine.it and rca.astra-fcagroup.it. The total number of unauthorized sites blocked by IVASS since November 2023 has risen to 359. The blocking orders are being executed by Italian internet service providers, though full implementation may take several days due to technical factors. IVASS warns consumers to be wary of insurance proposals initiated through instant messaging or requiring prepaid credit card payments.

Kansas Consumer Prescription Protection and Accountability Act Signed by Commissioner Schmidt

Kansas Insurance Commissioner Vicki Schmidt announced on April 9, 2026, that the Kansas Consumer Prescription Protection and Accountability Act has been signed into law. The legislation requires pharmacy benefit managers to pass all drug rebates to health plans, bans spread pricing where a PBM charges a health plan more than it reimbursed a pharmacy, and mandates equal reimbursement for all pharmacies. The Department of Insurance will implement the law on July 1, 2026, gaining tools for transparency and accountability in PBM practices.

Insurance Pop-Up Office and Town Hall in Franklin, April 22-23

The Louisiana Department of Insurance (LDI) announced it will hold a two-day Insurance Pop-Up Office in Franklin on April 22 and April 23, 2026, from 8:30 a.m. to 4 p.m., for residents of St. Mary Parish and surrounding areas. Commissioner Tim Temple will host a Town Hall on Wednesday evening at 6 p.m. at the Teche Theatre for the Performing Arts, 501 Main Street, to provide an update on Louisiana's insurance market and answer community questions. LDI staff will offer free in-person assistance with auto, homeowners, business, and other insurance policies.

NM OSI Bulletin 2026-009 Clarifies Medical Malpractice Premium Rate Filing Requirements Under Amended Act

The New Mexico Office of the Superintendent of Insurance issued Bulletin 2026-009 on April 9, 2026, clarifying that medical malpractice insurance carriers must file updated premium rates through SERFF following amendments to the Medical Malpractice Act effective May 20, 2026. The bulletin specifies new punitive damages caps of approximately $1 million for independent providers, $6 million for New Mexico-owned hospitals, and $15 million for large non-New Mexico-owned hospital systems, along with new statutory definitions for 'occurrence' and 'value of accrued medical care and related benefits.' Carriers that are not reducing premiums despite the statutory changes must file a notice of non-reduction in Case No. 2026-0088.

Technical Specifications on SNCU Calculation Criteria

EIOPA published technical specifications on 7 April 2026 clarifying the data points in relevant Quantitative Reporting Templates to identify Small and Non-Complex Undertakings and Groups (SNCUs/SNCGs) under Solvency II. The specifications are designed to support convergent implementation of the new proportionality framework across Member States from the effective date of the amended Solvency II Directive. The specifications apply to (re)insurers seeking SNCU status and the supervisory authorities evaluating eligibility.

Statistical Bulletin on Civil Liability Risks, 2024

IVASS published its Statistical Bulletin on General Civil Liability and Health Civil Liability Risks for 2024, reporting that premiums collected by supervised companies reached €4,157 million for general liability (up 3.5% year-on-year, representing 10.2% of total damage premiums) and €691 million for health liability (down 2.2% from 2023). The average claim cost rose to €7,574 for general liability and €38,341 for health liability, with public health facilities showing significantly higher average claims (€83,000) compared to private facilities (€35,000) and healthcare personnel (€20,000). The health liability market remains highly concentrated, with the top 10 insurers holding 94.6% of total premiums.

Homeowners Insurance Zip Code Reporting Requirements

The Minnesota Department of Commerce has issued Administrative Bulletin 2026-2 clarifying annual zip code reporting requirements for homeowners insurance insurers under Minn. Stat. §65A.28. Insurers writing homeowner's insurance for property in the seven-county metropolitan area (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties) or cities of the first class (Minneapolis, Saint Paul, Duluth, and Rochester) must file annual reports with the commissioner on or before May 1 of each year. The bulletin supersedes all prior Department communications on this topic and directs insurers to the Department's website for reporting templates and attestation forms.

Elite Insurance Company Limited Creditor Meeting Notice for Scheme Vote

IVASS announces that the Supreme Court of Gibraltar approved on March 13, 2026 the convening of creditors for voting on the Scheme of Arrangement proposed by Joint Administrators of Elite Insurance Company Limited, a Gibraltar-based insurer that operated in Italy's suretyship sector under freedom of establishment. Two creditor meetings are scheduled for May 7, 2026 at 10:15 CEST — one for creditors protected by the UK's FSCF and another for other direct insurance creditors. The deadline to cast votes via the dedicated portal is May 6, 2026 at 17:00 CEST. If the plan is not approved, Elite Insurance will be placed into liquidation; if approved, a first distribution to admitted creditors is currently projected by the end of Q1 2027.

Tennessee Insurance Division Earns NAIC Reaccreditation

The Tennessee Department of Commerce and Insurance announced on March 31, 2026 that its insurance division has received reaccreditation from the National Association of Insurance Commissioners (NAIC) during the NAIC 2026 Spring National Meeting. The reaccreditation confirms that Tennessee's insurance department meets NAIC financial solvency oversight standards for regulating multi-state insurers, with the review conducted every five years. Tennessee currently has 327,685 active licensed insurance producers and $67 billion in total premium volume written in 2024.

American Mobile Insurance Exchange Sixth Consent Order Extending Administrative Supervision

The Florida Office of Insurance Regulation issued its sixth consent order extending American Mobile Insurance Exchange's administrative supervision for 120 days from April 3, 2026. This follows five prior 120-day extensions and reflects the OIR's determination that conditions justifying supervision continue to exist. The supervision facilitates an orderly wind-down of the domestic property and casualty reciprocal insurer's remaining liabilities.

NAIC Study: Resilient Rebuilding Can Reduce Wildfire AAL by 35%

NAIC's Catastrophe Risk Management Center of Excellence, in partnership with the California Department of Insurance, published research demonstrating that rebuilding wildfire-impacted communities to Insurance Institute for Business & Home Safety (IBHS) Wildfire Prepared Home™ Standards can reduce projected wildfire Average Annual Losses (AAL) by up to 35% when adopted by all individual homeowners in the community. The study also found that rebuilding to the highest IBHS standard adds approximately 3% in costs to the project, an investment that can yield substantial insurance and safety benefits. While centered on Los Angeles, the findings underscore a national framework applicable across catastrophe-exposed regions.

Rockwell Man Charged with Unlicensed Public Adjusting and Insurance Fraud

Joseph Starr, 39, of Rockwell, was charged on March 24, 2026, with two counts of Acting as a Public Adjuster without a License and one count of Insurance Fraud—Presenting False Information (Class D Felony). Starr, an employee of Sibling Construction, allegedly negotiated insurance claims on behalf of clients with Farm Bureau Financial Services and Osage Insurance, and submitted invoices for work not yet completed. Starr was arrested and booked at Cerro Gordo County Jail on March 27, 2026, following an investigation by the Iowa Insurance Division's Fraud Bureau.

Wisconsin Insurance Administrative Actions March 2026

OCI published its monthly administrative actions for March 2026, listing 13 enforcement actions against insurance agents and 4 actions against insurance companies. Actions included license revocations for agents and firms for violations including owing delinquent Wisconsin taxes, fraudulent or dishonest practices, criminal convictions, and failure to respond or pay previous forfeitures. Several applicants had license applications denied for administrative actions taken by other states or criminal convictions. Forfeiture amounts ranged from $500 to $5,000.

Geary County Woman Sentenced for Insurance Fraud

Kansas Insurance Commissioner Vicki Schmidt announced that Kei'Anna Boykin, 31, of Geary County was sentenced on March 19, 2026, to 24 months of probation with 12 months of underlying prison time if probation is violated. Boykin pleaded guilty on January 15, 2026, in Geary County District Court to one felony count of insurance fraud after driving on a canceled insurance policy, being involved in an accident, reinstating the policy, and falsely claiming no loss occurred during the cancellation period. The Kansas Department of Insurance investigated the case, which was prosecuted by the Kansas Attorney General's Office.

Missouri DCI Refuses Insurance Producer License to Monarch Title Owner

The Missouri Department of Commerce and Insurance has refused to issue an insurance producer license to Mychal Walker, owner of Monarch Title Company, Inc., located in Columbia, Missouri, citing multiple violations of state law. The business entity producer license for The Walker Agency, LLC has also been refused by DCI Director Angela Nelson. Monarch Title Company closed in December 2024 after its sole insurer terminated its contract, leaving customers unable to access funds held in escrow accounts; DCI obtained a court order to take control of those accounts to prevent further consumer harm.

Requirements for Valuators Appointed for Resolution Purposes Under FSR Act

The SARB Prudential Authority issued Prudential Communication 4 of 2026 on March 23, 2026, establishing requirements, principles, and expectations for valuators appointed by the resolution authority for resolution purposes under the Financial Sector Regulation Act, 2017. The standard covers independence, competence, governance, methodologies, information access, and reporting obligations for appointed valuators.

Prudential Communication 6 of 2026 - Flavour of the Year for Co-operative Banks

The South African Reserve Bank Prudential Authority issued Prudential Communication 6 of 2026 on 24 March 2026, identifying the annual 'Flavour of the Year' supervisory theme for co-operative banks. This communication provides guidance on the specific focus area that co-operative banks should prioritise during 2026 for prudential compliance purposes. The communication is published as part of the PA Public Awareness series and includes a PDF attachment with full details of the topic.

Prudential Communication 7 of 2026: Flavour of the Year Topic for Mutual Banks

The South African Reserve Bank (SARB) Prudential Authority has published Prudential Communication 7 of 2026, informing mutual banks of the designated 'Flavour of the Year' supervisory topic for 2026. This annual communication identifies the key prudential focus area that mutual banks should prioritise in their compliance and supervisory engagements with the Authority during the year. The communication is attached as a PDF document for detailed reference.

NMS Insurance Services License Variation Notice

The South African Reserve Bank Prudential Authority has formally varied the license conditions of NMS Insurance Services (SA) Limited under section 26(1)(a) of the Insurance Act No. 18 of 2017. The variation took effect on 25 November 2024, as published in the official notice dated 24 March 2026. This is a routine administrative action updating the licensing conditions of an authorised insurer, with no indication of enforcement action or penalty.

Amendment of Insurance Group Designation - Absa Financial Services Limited

The Chief Executive Officer of the Prudential Authority, Ms Fundi Tshazibana, has given notice of the amendment to the designation of the Absa Financial Services Limited Insurance Group for the purpose of facilitating insurance group supervision, effective 24 March 2026. This administrative action was published on 30 March 2026 under section 10(5) of the Insurance Act 18 of 2017.

NMS Insurance Services SA Exempted Under Insurance Act Section 66

The South African Reserve Bank Prudential Authority has issued a Notice of Exemption for NMS Insurance Services (SA) Limited under section 66 of Insurance Act No. 18 of 2017. The exemption is effective from 25 November 2024 and will remain in force for a period of 4 years. The notice was published on the SARB website on 24 March 2026.

JIBAR to ZARONIA Transition Supervisory Expectations

The SARB Prudential Authority issued Joint Communication 1 of 2026 on 24 March 2026, establishing supervisory expectations for the 'No new JIBAR' initiative, which aims to support an orderly transition from the Johannesburg Interbank Average Rate (JIBAR) to the South African Rand Overnight Index Average (ZARONIA). Financial institutions that have not yet begun migrating JIBAR-linked contracts and systems to ZARONIA references should treat this communication as a formal signal to accelerate transition planning. The SARB expects regulated entities to align their transition activities with these supervisory expectations to ensure continuity of financial contracts and market stability.

SARB Prudential Authority Flavour-of-the-Year Topic for Life Insurers 2026

The South African Reserve Bank (SARB) Prudential Authority has issued Prudential Communication 8 of 2026, designating the 2026 Flavour-of-the-year topic for life insurers. The communication was published on 24 March 2026 and is accessible via an attached PDF document. The specific focus topic and any associated supervisory expectations for the year are detailed in the attached communication.

Prudential Communication 5 of 2026 – Flavour of the Year for Banks

The South African Reserve Bank Prudential Authority has published Prudential Communication 5 of 2026, informing banks of the designated 'flavour-of-the-year' supervisory focus topic for 2026. The communication was published on 24 March 2026 and is available as an attachment (PDF) on the SARB website. Banks should review this communication to understand the specific supervisory priorities and expectations that the Prudential Authority will emphasise during the 2026 examination cycle.

Proposed Directive - Revised Requirements Related to Interest Rates Risk in the Banking Book

The South African Reserve Bank Prudential Authority has issued a proposed directive to revise requirements related to Interest Rate Risk in the Banking Book (IRRBB), incorporating recalibrated shocks for banks' exposures to interest rate risk. The document, published on 1 April 2026, is open for consultation and includes the proposed directive and Annexure 1 detailing the revised shock parameters. Affected banks should review their current IRRBB frameworks against the proposed recalibrations and prepare submissions for the consultation process.

Proposed Directive on Securitisation Vehicle Risk Disclosures - BA501

The South African Reserve Bank Prudential Authority has published Proposed Directive BA501, seeking comment on enhanced risk disclosure requirements for securitisation vehicles. The proposed directive would direct issuer special purpose institutions (SPIs) to provide specified information to the PA under Directive 1 of 2012, and require auditors appointed by issuer SPIs to include verification of Annexure A information in annual auditing processes. The proposed directive is intended to replace Directive 4 of 2017 (dated 27 September 2017) and addresses risks revealed by the global financial crisis in securitisation structures.

Amendment of Insurance Group Designation - Santam Insurance Group

The Chief Executive Officer of the Prudential Authority, Ms Fundi Tshazibana, has issued notice of an amendment to the designation of the Santam Insurance Group. The amendment was published on 1 April 2026. This designation change affects Santam Insurance Group's regulatory classification under South African insurance prudential requirements.

UK Financial Services Regulatory Digest March 2026

The PRA Regulatory Digest summarises key regulatory developments and publications from March 2026, including final policy statements on operational resilience and third-party reporting (PS7/26), resolution planning and MREL reporting (PS9/26), resolution assessment thresholds and recovery plan reviews (PS10/26), and resolvability disclosures and capital distribution constraints (PS11/26). A consultation on modernising the liquidity policy framework (CP5/26) and speeches by Vicky White on data-driven supervision and Phil Evans on liquidity reform are also highlighted.

High Loan-to-Income Mortgage Lending Consultation

The PRA and FCA are consulting on proposed amendments to implement the Financial Policy Committee's July 2025 recommendation to modify the loan-to-income (LTI) flow limit for mortgage lending. The proposals would remove the current 15% high LTI flow limit for individual firms from PRA rules and FCA guidance, while maintaining the aggregate 15% limit. Lenders would gain additional flexibility to determine their high LTI lending strategies in line with their own risk appetite. The PRA would publish quarterly aggregate high LTI flow data and communicate any required adjustments toward the 15% limit. Responses are requested by 1 July 2026.

FSCS Management Expenses Levy Limit 2026/27 (£113 Million)

The PRA has published PS8/26 finalising the FSCS Management Expenses Levy Limit at £113 million for 2026/27, comprising £108 million for the FSCS management expenses budget and £5 million unlevied reserve. The PRA considered two responses to the prior consultation (CP1/26), maintaining its position that all firms including credit unions should proportionately contribute to the revolving credit facility costs. The MELL applies from 1 April 2026 to 31 March 2027.

Oklahoma SBE-FP Agent Broker Requirements PY 2026-2027

Oklahoma Insurance Department has issued a Special Notice confirming that agents and brokers assisting consumers with qualified health plan enrollment will experience no disruption as the state transitions from the Federally-facilitated Exchange to a State-based Exchange on the Federal Platform (SBE-FP) effective May 1, 2026. The notice clarifies that agent and broker registration, CMS training requirements for Marketplace participation, and producer licensing through OID will all remain unchanged during the transition period covering PY 2026 and PY 2027. Agents and brokers may continue current enrollment processes on HealthCare.gov without modification to existing workflows.

Health and Dental Insurance Agent Broker Requirements for PY 2026-2027

The Oklahoma Insurance Department issued a Special Notice on March 30, 2026, informing all licensed health and dental insurance agents and brokers that Oklahoma will transition from the Federally-facilitated Exchange to a State-based Exchange on the Federal Platform (SBE-FP) effective May 1, 2026. The notice clarifies that current enrollment responsibilities assisting consumers with qualified health plans on HealthCare.gov, the CMS registration and training process, and producer license applications through OID will remain unchanged during this transition. No new compliance obligations are imposed on agents or brokers.

Solvency II Supervisory Reporting and Disclosure ITS Amendments

EIOPA has published a final report containing amendments to two Implementing Technical Standards governing supervisory reporting and public disclosure under Solvency II. The amendments incorporate changes from the recent Solvency II review and support the European Commission's regulatory simplification agenda. The reporting burden is to be reduced by at least 25% across all sectors, with a more ambitious 35% reduction targeted for SMEs. Annexes include revised guidelines on financial stability reporting and supervision of third-country insurance branches.

Statewide Elected Officials Statement on Kelly v. Kobach Decision

Kansas Insurance Commissioner Vicki Schmidt, Secretary of State Scott Schwab, and State Treasurer Steven Johnson issued a joint statement on March 27, 2026 responding to the Kansas Supreme Court's decision in Kelly v. Kobach. The officials stated that the court's ruling fails to resolve the core dispute regarding the scope of the governor's executive authority over independently elected officials. The officials indicated they will maintain their position that the governor should not have supreme executive power over other independently elected state officers if and when the argument properly comes before the court again.