The Legal Description > News > California Department of Insurance issues bulletin of transaction of insurance in other states
California Department of Insurance issues bulletin of transaction of insurance in other states
|
Regulatory Updates
Monday, July 8, 2024
|
|
California Insurance Commissioner Ricardo Lara issued Bulletin No. 2024-4 regarding the transaction of insurance in other states and territories.
It states, “Please take notice that, pursuant to the provisions of Section 706.7 of the California Insurance Code, the following States and Territories of the United States are hereby recognized as ‘reciprocal states’ within the meaning of said section:
- Alaska (§21.69.420, Alaska Statutes)
- Colorado (§10-1-117, Colorado Revised Statutes)
- Delaware (Title 18, §4925, Delaware Code)
- Florida (Title 37, §628.291, Florida Statutes Annotated)
- Hawaii (§431:4-127, Hawaii Revised Statutes)
- Idaho (§41-2851, Idaho Code)
- Kansas (§40-214, Kansas Statutes Annotated)
- Louisiana (§22:1905, Louisiana Revised Statutes) 9. MAINE (Title 24-A, §3421, Maine Revised Statutes)
- Maryland (§3-128, Maryland Ins. Code)
- Michigan (§500.5208(1), Michigan Compiled Laws)
- Mississippi (§83-19-69, Mississippi Code Annotated)
- Montana (§33-3-502, Montana Code Annotated)
- Nebraska (§44-2501, Nebraska Revised Statutes Annotated)
- New Hampshire (§402:54, New Hampshire Revised Statutes Annotated)
- New Mexico (§59A-34-33, New Mexico Statutes Annotated)
- North Carolina (§58-14-5, North Carolina General Statutes Annotated)
- North Dakota (§26.1-05-34, North Dakota Ins. Code)
- Ohio (§3905.44, Ohio Revised Code)
- Oregon (Title 56, §731.454, Oregon Revised Statutes)
- Puerto Rico (Title 26, §2932(3), Laws of Puerto Rico Annotated)
- South Dakota (§58-5-100, South Dakota Codified Laws)
- Utah (§31A-5-602, Utah Code Annotated)
- Virgin Islands (Title 22, §314, Virgin Islands Code)
- Virginia (§38.2-3102, Virginia Code Annotated [Life & Annuities Only])
- Washington (§48.07.150, Revised Code of Washington Annotated)
- West Virginia (§33-4-19, West Virginia Code)
- Wyoming (§26-24-140, Wyoming Statutes)”
The bulletin stated the department notified the respective insurance commissioners, directors, or superintendents of these states that their jurisdictions constitute reciprocal states under the provision of California law and requested those commissioners, directors or superintendents notify the department of any and all violations by any California domestic insurers with respect to matters occurring in their respective jurisdictions.
Today's other top stories
Popularity:
This article has been viewed
514 times.