Westmont Wire

On November 16^th, 2020, the Alaska Division of Insurance issued Bulletin B20-21 extending review periods for rate, form, and advertisement filings due to COVID related telework orders. Insurers will be permitted an additional 15-days to respond to objection letters for form and rate filings. Furthermore, file and use form filings will automatically be granted a 30-day extension. This is in addition to the standard 30-day review timeframe.

For more details relating to these extension periods, please review the Bulletin HERE.

For more information on this Bulletin, or any other regulatory compliance matter, please contact Westmont Associates, Inc.

Per Advisory Letter 2020-04 dated October 22, 2020 the Louisiana Department of Insurance is changing title agency eligibility.

Effective January 1^st, 2021 Louisiana will no longer allow non-resident licensees to obtain or maintain the Louisiana non-resident title license unless they meet the following criteria:

• Business Entities: Must have (1) a principal place of business in Louisiana suitable for conducting the business of title insurance and real estate closings, and (2) have a DRLP who is a resident of Louisiana and holds the title license in Louisiana
• Individuals: Must be a full time employee of a licensed agency whose principal place of business is in Louisiana.

For any questions Advisory Letter 2020-04, or any other title agency licensing needs, please contact Westmont Associates.