Arizona — Open for Business
Arizona’s Acting Insurance Commissioner Darren Ellingson says the state’s insurance department is modernizing and open for business. Ellington — who has been the department’s deputy commissioner until the resignation of Germaine Marks — said, “The agency has just completed an efficiency review of our producer licensing unit. We have reduced the amount of time it takes a producer to get a license by over 50%. Within the next year, we will conduct the efficiency review for every license and permit the agency issues.”
Modernization — he says — will continue. Electronic filing and payment methods are next via use of the the National Association of Insurance Commissioner’s State Based Systems.
He’s the acting director and has overseen the day-to-day operation of the Arizona Department of Insurance since 2013. So he’s quite qualified to become the state’s next department commissioner. But does he want the job?
“I am willing to support Governor [Douglas] Ducey in any way that he sees fit to use me.”
Source link: Insurance Business America
Idaho — Job Opening
The Idaho Department of Insurance has the following open position:
Consumer Services / Consumer Affairs / Consumer Affairs Officer
This position is open for all qualified individuals to apply through September 27, 2015. Please apply through the standard application process via the Division of Human Resources website. Be sure to indicate Department of Insurance under “Agencies”, and Boise under “Cities.” There is an online exam associated with this position to ensure minimum qualifications are met. Feel free to pass this information along to anyone you believe may be interested.
The Idaho Department of Insurance is an equal opportunity employer.
Nevada — Rideshare Firms Get Licenses
After months of haggling and bitter back and forth, and efforts by the Legislature and new laws, ridesharing is a reality in Nevada. Late last week the Nevada Transportation Authority got the job done and issued licenses for Uber and Lyft.
Local licenses are next.
Lyft says it will have 2,500 cars in operation in the next two-years. Uber didn’t outline its plans other than to say it will be in operation.
Source link: Las Vegas Review-Journal
Oregon — Rulemaking
Rulemaking to Implement House Bill 2467 – Regulating Penalties , Fees and Other Charges Imposed for Early Withdrawal from Individual Deferred Annuities
The State of Oregon Insurance Division of the Department of Consumer and Business Services (DCBS) will engage in rulemaking to implement rules to regulate the surrender and withdrawal charges that an insurer imposes on individual deferred annuity policies as directed in House Bill 2467 in the 2015 Legislature.
We are seeking interested participants for the external advisory committee that will consider these rules and offer comments and suggestions about the rules and any potential fiscal impact of the rules. The first meeting will take place on Thursday, October 1, 2015 in Conference Room E in the Labor & Industries Building at 350 Winter Street in Salem. We look forward to hearing from you.
A number of you have indicated that you wish to participate. We are hopeful that we can reach agreement in the October 1 meeting and would like to have you join us in person. If an additional meeting is needed, we have set aside a tentative date on October 12, 2015 in Conference Room 1B from 10:00 AM to 12:00 PM. If you have any questions about participating, please contact Karen Winkel at email@example.com.
Prior to the first meeting we will send out the proposed rules and the Statement of Need and Fiscal Impact for your review as well as an agenda for the first meeting and instructions to travel to the Labor & Industries Building in Salem and the parking arrangements near the building.
Oregon — Lower Limits
ID 06-2015 (temporary): Election of Lower Limits for Uninsured Motorist Coverage
OAR 836-054-000(2) currently incorporates by references a specific exhibit that does not correctly explain the law that will apply to automobile policies that will be issued or renewed after January 1, 2016. The changes to the rule remove the reference to a specific exhibit and direct the reader to the website for a sample form that has been approved by the Insurance Division of the Department of Consumer and Business Services. The language for the amended rule is consistent with the statutory language of ORS 742.502(2)(b). The changes to the rule will allow the Insurance Division to respond more quickly to changes required to the form by eliminating the need to conduct rulemaking to change the form.
Adopted: September 14, 2015
Effective: September 14, 2015 through January 1, 2016
For more information, please visit the Division's website:
Oregon — Industry Notice
Application of an incurred but not reported (IBNR) factor
This industry notice provides information about the Workers’ Compensation Division’s decision to begin applying an incurred but not reported (IBNR) factor to security deposit calculations for self-insured employers and employer groups beginning in 2017: http://www.cbs.state.or.us/wcd/communications/industry_notices/ibnr_final.pdf
If you have questions about this notice, please contact Self-Insurance, Registration, and Reimbursements Manager Adam Breitenstein at 503-947-7751 or firstname.lastname@example.org
Oregon — Rule
The Oregon Insurance Division recently adopted the following rule:
ID 08-2015 (temporary): Implementing Requirements of House Bill 2758 Related to Oregon Confidential Communications Request Form
Adopt: 836-053-0600, 836-053-0605, 836-053-0610, 836-053-0615
These rules implement the provisions of House Bill 2758 (2015 Legislative Session). The rules set forth the requirements imposed on carriers and third party administrators related to the use of the uniform "Oregon Confidential Communication Request Form" developed as specified in the legislation. The rules also set forth carrier reporting requirements related to confidential communication requests and the use of the new form.
Temporary rules are necessary to provide direction to interested stakeholders as soon as the form becomes available to the public. The legislation specifies the form must be available not later than 90 days after the effective date of the legislation, September 16, 2015. The temporary rules are also critical to provide notice to carriers and third party administrators of the baseline reporting requirements of information first reportable not later than December 1, 2015.
Adopted: September 15, 2015
Effective: September 15, 2015 through March 4, 2016
For more information, please visit the Division's website: