On November 14, 2024, Oklahoma issued Bulletin 2024-11: Use of Artificial Intelligence Systems in Insurance. The Bulletin is applicable to all insurers that hold a certificate of authority to do business in the state and is based upon the NAIC Model Bulletin on the Use of AIS by Insurers.
Stephanie O’Neill Macro
West Virginia Issued Bulletin No. 24-06 RE: Artificial Intelligence
By Paige Waters & Stephanie O’Neill Macro on
Posted in Artificial Intelligence, United States
On August 9, 2024, the West Virginia Office of the Insurance Commissioner issued Bulletin 24-06 on Artificial Intelligence Systems (“Bulletin”). The Bulletin is applicable to “all insurers authorized to do business in West Virginia.” The Bulletin does not adopt the entire NAIC Model Bulletin on the Use of AIS by Insurers (“NAIC Bulleting”) verbatim; however, the language and concepts included in the Bulletin and largely track the NAIC Bulletin and often verbatim.…
Michigan Issued Bulletin 2024-20-INS RE: Use of AIS in Insurers
By Paige Waters & Stephanie O’Neill Macro on
Posted in Artificial Intelligence, United States
On August 7, 2024, Michigan issued Bulletin 2024-20-INS on the Use of Artificial Intelligence Systems By Insurers. The Bulletin is applicable to all Insurers, Nonprofit Health Services Plans, HMOs, and Dental Plan Organizations (collectively, “Insurers”) holding certificates of authority to do business in Michigan and is based upon the NAIC Model Bulletin on the Use of AIS by Insurers. …
Arkansas Issued Bulletin 13-2024 RE: Use of AIS in Insurance
By Paige Waters & Stephanie O’Neill Macro on
Posted in Artificial Intelligence, United States
On July 31, 2024, Arkansas issued Bulletin 13-2024 on the Use of Artificial Intelligence Systems in Insurance. The Bulletin is applicable to all companies licensed to do business in Arkansas and is based upon the NAIC Model Bulletin on the Use of AIS by Insurers.…
Virginia Issued Administrative Letter 2024-01 RE: Use of AIS
By Paige Waters & Stephanie O’Neill Macro on
Posted in Artificial Intelligence, United States
On Monday, July 22, 2024, the Virginia Bureau of Insurance (“Bureau”) issued Administrative Letter 2024-01 on the Use of Artificial Intelligence Systems which is applicable to all companies licensed to conduct the business of insurance in Virginia and all interested parties.…
Nebraska Adopts AI Guidance
By Paige Waters & Stephanie O’Neill Macro on
Posted in Artificial Intelligence, United States
On June 11, 2024, the Nebraska Insurance Department issued Guidance IGD-H1 on the Use of AI By Insurers. This brings the total to 13 jurisdictions that have adopted the NAIC Model Bulletin on the Use of AI Systems in Insurance.…
DC Adopts Bulletin 24-IB-002-05/21 on the Use of Artificial Intelligence Systems in Insurance
By Paige Waters & Stephanie O’Neill Macro on
Posted in Artificial Intelligence, United States
On May 21, 2024, the DC Insurance Commissioner, Karima M. Woods, issued Bulletin 24-IB-002-05/21 on the Use of Artificial Intelligence Systems in Insurance to all Insurers licensed to do business in the District of Columbia. …
Join Us for Our Next InsurTech Legal Academy Webinar: Artificial Intelligence Regulation for InsurTech
By Paige Waters & Stephanie O’Neill Macro on
Join Locke Lord, InsurTechNY and InsurTech Hartford for their next InsurTech Legal Academy webinar series on legal and regulatory issues impacting the InsurTech industry. Each quarter, we tackle a new important topic impacting InsurTechs. This webinar will address the potential impact of AI Regulation on InsurTechs and give an overview of recent AI regulatory initiatives at the NAIC, state and federal levels.…
Washington Issues Technical Assistance Advisory 2024-02 Regarding the Use of AI in Insurance
By Paige Waters & Stephanie O’Neill Macro on
On April 22, 2024, the Washington Office of the Insurance Commissioner issued Technical Assistance Advisory 2024-02 regarding “The Use of Artificial Intelligence Systems in Insurance” (the “Advisory”).…
Maryland Issues Bulletin No. 24-11 on the Use of AI in Insurance
By Paige Waters & Stephanie O’Neill Macro on
Commissioner Kathleen Birrane, Maryland Insurance Administration, on April 22, 2024 issued Bulletin No. 24-11, The Use of Artificial Intelligence Systems in Insurance (the “Bulletin”).…