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- Insurance Regulatory Insights
Telos Actuarial brings you this week’s legislative and regulatory insurance insights from around the nation.
Bill “Status” is defined in the tables below by:
New: proposed law recently introduced for consideration by Legislature
Approved: passed by the Legislature and approved by the Governor
Movement: bill has progressed in legislative process
Fail: bill has died in committee or failed to pass
STLDI / Fixed Indemnity
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
TX | New | Insurers are required to include the STLDI federal disclosure in materials for coverage beginning on or after Sept 1, 2024. Insurers should delete the current consumer disclosure required under TIC Section 1509.002. Insurers are required to include the Fixed Indemnity federal disclosure in materials for coverage beginning on or after Jan 1, 2025. Insurers will be required to file any updated or new forms, including policies, certificates, contracts of insurance, applications, marketing, enrollment and reenrollment materials. | |
UT | New | Insurers must prominently display the STLDI notice on the first page of the policy and certificate, including any renewal or extension, and must be included in all marketing, application, and enrollment materials for policies or certificates issued Sept 1, 2024 and after. Insurers must prominently display the Fixed Indemnity notice in all marketing, application, and enrollment materials in both the individual and group markets for policies or certificates issued Jan 1, 2025 and after. Notices with associated changes must be filed with the commissioner for compliance. |
All Products
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
NY | New | Identifies the Department’s expectations that all insurers authorized to write insurance in New York develop and manage their use of external consumer data and information sources, artificial intelligence systems, and other predictive models in underwriting and pricing insurance policies. |
Medicare Advantage / Part D
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
All | Medicare Prescription Payment Plan: Final Part Two Guidance on Select Topics, Implementation of Section 1860D-2 of the Social Security Act for 2025, and Response to Relevant Comments | Final Guidance (Part 2) | Updates and finalizes requirements proposed in the draft part two guidance released in February 2024, and complements the final part one guidance released on February 29, 2024. |
Telos Actuarial’s team of experienced regulatory compliance professionals are ready to help YOU stay informed of legislative and regulatory changes. Reach out to us for more information!