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Regulatory News

The insurance department has a new a link on its Web site allowing online address changes for agent broker licenses. www.dced.state.ak.us/insurance/

Commissioner Steve Poizner names Tony Cignarale as acting deputy commissioner of Consumer Services and Market Conduct. Cignarale replaces Woody Girion, who was named deputy commissioner of rate regulation. Cignarale had served as chief of the Consumer Services Division since 2001 where he investigated consumer complaints. www.insurance.ca.gov/

Bulletin CL-01-07 explains new rules governing loss-of-use payments for all automobile insurance coverage. www.ct.gov/cid/lib/cid/bullCL1-07.pdf

Commissioner Kevin McCarty issues a consent order requiring Chubb to refund more than $13 million in excess profits to customers. The Office of Insurance Regulation determined that between 2002 and 2004 the insurer realized excess profits of $13.1 million for workers comp. www.floir.com/PressReleases/index.asp

New rules governing health insurance filings and supplemental filings can be found at
www.idfpr.com/Forms/Memo/071307CollectiveFileInsuranceRules.pdf. www.idfpr.com/DOI/Default2.asp

Insurance department issues Bulletin 07-04 clarifying proper use of certificates of authority by local producers. www.iid.state.ia.us/docs/bull0704.pdf

Commissioner Sandy Praeger names Cindy Hermes director of the Government and Public Affairs Division. Bob Hanson named public information officer. www.ksinsurance.org/gpa/news/2007/Hermes_Hanson.pdf

Kathy Horsley of the Office of Insurance has earned the NAIC’s first associate professional of insurance regulation designation. www.doi.state.ky.us/kentucky

The Department of Insurance has begun using its new complaint, rate and form tracking (CRAFT) system to receive and respond to consumer complaints as well as to submit rate, rule, and policy form filings. The department’s goals are to become paperless, have one comprehensive system for all filing types and provide speed to market. www.ldi.state.la.us/PFM/index.htm

Gov. Martin O’Malley names Ralph Tyler as insurance commissioner. Tyler was chief legal counsel for the governor. A longtime Baltimore resident, Tyler previously practiced law in Maryland and the District of Columbia as a partner in the Baltimore office of the international law firm of Hogan & Hartson. He replaces interim Commissioner Peggy Watson, who will continue serving as the governor’s deputy chief of staff. >> Regulators closed the public comment period and are now considering new rules governing surplus lines filing requirements. www.mdinsurance.state.md.us/

The Insurance Market Regulation Division says paper copies of life, health, property and casualty filings will no longer be retained by the department. All lines of life, health, property and casualty filings accepted by the division will be stored and viewed using an electronic paperless system using SERFF (System for Electronic Rate and Form Filings). Currently, 68% of filings received are filed through this system. The division is urging all companies to use SERFF to streamline the process. www.insurance.mo.gov/

Bulleting 07-05 provides interpretation of new statutory provisions governing consolidated insurance programs. www.doi.state.nv.us/Laws-B-07-005.pdf

Superintendent Eric Dinallo names four to new leadership positions. Dr. Hampton Finer is deputy superintendent for rates and competition and will direct rate review activities and manage policies for maintaining competitive, innovative and stable insurance markets. Steven Nachman is deputy superintendent for fraud and consumer services, overseeing handling of consumer complaints, licensing and fraud investigations. Louis Pietroluongo is deputy superintendent for disaster preparedness and business continuity planning. And Christopher Rulon is named deputy superintendent for operations, handling the day-to-day functions of the department. www.ins.state.ny.us

Deputy Insurance Commissioner Randy Rohrbaugh determines there is currently not evidence of sufficient market capacity to mandate a rate increase in medical malpractice limits. “We did not want to prematurely raise the limits before there is adequate capacity in the medical malpractice insurance marketplace,” he says. An actuarial study by Pricewaterhouse Coopers shows that, since the passage of Act 13 of 2002 and other reforms, there is insufficient evidence of additional capacity, so a legal threshold has not been met. www.ins.state.pa.us/ins/site/default.asp

The insurance department offers a 30-day update of workers comp changes on its Web site.

Regulations providing guidance on complying with the new Health Care Liability Reform Act are now in effect. The law, enacted in 2006, addresses patient safety, insurance industry reform and civil liability reform. In part, the reforms require licensed and surplus lines insurers, self-insurers—such as hospitals and large medical clinics—risk retention groups and claimants to report medical malpractice claims to the commissioner after they are settled. Reporting requirements take effect Jan. 1, 2008. The new regulations explain the procedures for insurers and providers as well as for attorneys and claimants. www.insurance.wa.gov/

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