With the frantic pace and high volume of bills being introduced into legislative sessions each year—along with steady promulgation of insurance rules and regulations—it may be easy to overlook yet another type of important regulatory material.
Regardless of the name—be it “bulletin,” “circular letter,” “administrative letter,” “directive,” or “notice”—the communications you receive from departments of insurance typically convey extremely time-sensitive information and require action by insurers.
In the first half of 2011, we saw a number of important communications. Have you been following them closely?
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