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Recent changes
California AG Sues Over 3D Printed Ghost Gun Code Distribution
California Attorney General Rob Bonta, along with San Francisco City Attorney David Chiu, has filed a lawsuit against Gatalog Foundation Inc. and CTRLPew LLC for unlawfully distributing computer code for 3D printing ghost guns and other firearm components. The lawsuit seeks to halt the distribution of blueprints that facilitate the illegal manufacture of untraceable firearms.
Connecticut Insurance Department Updates Reserving Manual
The Connecticut Insurance Department has issued Bulletin FS-45 to announce the effective date of January 1, 2023, for changes made to the Principle-Based Reserving Valuation Manual. These changes were adopted by the NAIC and represent a significant update to reserving requirements for life, accident, and health insurance companies operating in Connecticut.
Connecticut Insurance Department: Annual and Quarterly Financial Reporting
The Connecticut Insurance Department has issued a bulletin requiring all authorized insurance companies, domestic surplus lines insurers, fraternal benefit societies, and health care centers to file their 2022 annual statements and 2023 quarterly financial reports by March 31, 2023. These filings must adhere to NAIC standards and be submitted electronically.
Connecticut Reinsurer Financial Filing Requirements
The Connecticut Insurance Department issued Bulletin FS-4AR-22 detailing the 2022-2023 financial filing requirements for accredited reinsurers. Key deadlines include March 1, 2023, for annual statements and April 1, 2023, for actuarial opinions.
Connecticut Health Insurance Filing Requirements Deadline
The Connecticut Insurance Department issued Bulletin HC-90-23, setting a June 1, 2023 deadline for all health insurance carriers to submit form filings for individual and small employer group health insurance policies subject to the Affordable Care Act. These filings are for plan years beginning January 1, 2024.
Health Insurance Rate Filing Submission Guidelines Bulletin
The Connecticut Insurance Department has issued Bulletin HC-81-23, providing updated guidelines for health insurance rate filing submissions. The bulletin outlines specific data and documentation requirements for insurers seeking to adjust rates, referencing federal regulations and state statutes.
Massachusetts Bulletin on Aerial Imaging for Underwriting
The Massachusetts Division of Insurance issued a bulletin clarifying guidelines for insurers using aerial imaging in underwriting. The bulletin addresses concerns about policy non-renewals, cancellations, or declinations based solely on aerial imagery, emphasizing the need for accuracy and appropriate use of such technology.
Massachusetts Bulletin: Vaccine Coverage Without Cost-Sharing
The Massachusetts Division of Insurance and Department of Public Health issued Bulletin 2025-03 to clarify expectations for health insurers regarding vaccine coverage. Carriers are expected to cover all vaccines and their administration costs without cost-sharing or utilization management for individuals covered by Massachusetts-issued insured health plans.
Massachusetts PBM Licensure Requirements for 2026
The Massachusetts Division of Insurance has issued Bulletin 2025-04 outlining the requirements for Pharmacy Benefit Managers (PBMs) to obtain licensure by January 1, 2026. This bulletin implements Chapter 342 of the Acts of 2024, which mandates PBM licensure and oversight by the Division.
Massachusetts Motor Vehicle Dealer Credit Insurance Rates 2026-2028
The Massachusetts Division of Insurance has issued Bulletin 2025-05, establishing deviated case rates for credit life and credit accident and health insurance sold by motor vehicle dealers. These rates are effective from January 1, 2026, through December 31, 2028, and specify new per-thousand-dollar rates for credit life and per-hundred-dollar rates for credit accident and health insurance based on policy terms.
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