Category: New Insurance Regulations

 Purpose  This bulletin provides guidance to Oregon-based professional liability insurance producers regarding errors and omissions insurance coverage required for state investment advisors under Oregon Revised Statute (ORS) 59.175(5). In order to meet the requirements, policies may not exclude investment advice or other management services performed by the investment advisor.  Authority  ORS 59.175  ORS 746.075  OAR…
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RECENT CHANGES TO 3 AAC 23.208(9), 3 AAC 26.770, 3 AAC 26.775, 3 AAC 26.778, FOR CONTINUING EDUCATION REQUIREMENTS AND DISCLOSURES FOR ANNUITY TRANSACTIONS: The division recently promulgated regulations to update continuing education requirements and disclosures for annuity products in compliance with national standards. As this was adopted from NAIC Model Regulation #275, twenty-seven states…
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Emergency Order: All Insurers, HMOS, Premium Finance Companies, Surplus Lines and other entitites regulated by the Office of Insurance Regulation. THIS CAUSE having come before Commission of the Office of Insurance Regulation as a result of the state of emergencies created by Hurricane Nicole and Hurricane Ian, and being fully informed in the premises.

 The Wisconsin Office of the Commissioner of Insurance (OCI) will process all company appointments electronically through the National Insurance Producer Registry (NIPR). The appointment renewal invoice will include all resident/nonresident appointment renewals.  All agents will appear on the renewal list unless the agent was terminated by 11:59 p.m. CST on December 31, 2022.  DATES &…
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