2021 Arkansas Insurance Legislation Summary: General
This is the first article in a series of summaries of Insurance legislation from the 93rd Arkansas General Assembly. The 93rd Arkansas General Assembly convened on January 11, 2021 and entered into an extended recess on April 27, 2021. The resolution authorizing the extended recess provides for the…
Texas Department of Insurance Adopts Changes to Prompt Pay Reporting Requirements
The Texas Department of Insurance (the “Department”) announced earlier today that it has formally adopted its proposed changes to 28 Tex. Admin. Code § 21.2821, which lays out the prompt pay reporting requirements for managed care carriers (“MCC”). As detailed below, the amendment expands the scope…
COBRA Subsidy Update: IRS provides penalty relief and instructions for applying Employment Tax credits
April 15, 2021
by Nathan A. Read
On Tuesday, the IRS published Notice 2021-24, which provides penalty relief for an employer’s failure to timely deposit Employment Taxes[1] related to the American Rescue Plan Act’s (ARPA) COBRA subsidy credits. The Notice includes instructions to employers on how to apply COBRA Credits in…
National Association of Insurance Commissioners (NAIC) 2021 Spring Meeting Summary
The Mitchell Williams Insurance Regulatory team of lawyers attended the National Association of Insurance Commissioners (NAIC) 2021 Spring National Meeting which was held April 7-14. Even though virtual, the Meeting had a robust agenda with over 20 separate individual Committee and Task Force…
DOL Publishes Model COBRA Notices and Premium Assistance Guidance
April 8, 2021
by Nathan A. Read
On April 7, 2021, the U.S. Department of Labor (DOL) posted model COBRA notices and issued FAQ guidance addressing the recently-enacted COBRA coverage subsidy. The FAQ guidance specifies that individuals may be eligible for premium subsidies from April 1, 2021 to September 30, 2021, if they are…