DC Insurance Bulletins

Homeowners Insurance Unfair Trade Practices Clarification

The District of Columbia Department of Insurance, Securities and Banking issued a clarification bulletin regarding unfair trade practices for homeowners insurance. It reminds insurers that increasing premiums, changing rating classifications, or imposing surcharges due to a first weather-related claim is prohibited, even if the policy is not non-renewed.

DC Bulletin: Depreciation of Labor in Property Insurance Policies

The District of Columbia Department of Insurance, Securities and Banking issued a bulletin clarifying that depreciating labor expenses in property insurance policies is considered an unfair claims settlement practice. Insurers are instructed not to approve policy forms that allow for the depreciation of labor.

DC Guidance on Insurer Immunization Coverage

The DC Department of Insurance, Securities and Banking (DISB) issued guidance clarifying insurer expectations for immunization coverage. Insurers are expected to cover all ACIP-recommended vaccines and their administration costs without cost-sharing or obstructive utilization management for individual, small, and large group markets.

Updated Notification on Coverage Requirement and Issuer Accommodation

The District of Columbia Department of Insurance, Securities, and Banking has issued an updated bulletin regarding coverage requirements and issuer accommodations. This notice clarifies existing requirements for insurers and healthcare providers within the District.