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Insurers must comply with the SIU and claims regulations by September at the latest



SIU regulations

Insurers licensed or operating in California must file their SIU annual reports by Wednesday, September 28, 2022 or face fines.

Insurance companies licensed or operating in California must file their SIU annual reports by Wednesday, Sept. 28, Insurance Commissioner Ricardo Lara recently reminded insurers. Failure to submit a report by 23:59 may result in fines or other regulatory action. Information about the annual report requirement is available on CDI’s website. Insurers can access an electronic portal to submit reports.

If you are not ready, you need the information and forms from my book California SIU Regulations 2020 which includes the educational materials required to meet the educational requirements of the SIU Regulations before the deadline.

For further information see my book in Kindle or Paperback at amazon.com and at this link for: California SIU Regulations 2020

Fair Claims Settlement Practices Regulations 2022

Insurers licensed or operating in California must ensure that all of their claims personnel have read, understood or been trained in the California Fair Claims Settlement Practices Regulations by September 1 of each year and be prepared to swear under oath that the regulation has been followed by insurers.

Knowledge of the requirements of the regulations is important for anyone involved in the insurance business, whether they are insurance adjusters, insurance claims adjusters, public insurance adjusters, policyholders, defense attorneys, insurance coverage attorneys, and policyholder attorneys.

One way for claims professionals to meet the requirements of the law can read my bookCalifornia Fair Claims Settlement Practices Regulations 2022” which is now available as a Kindle book and available as a paperback.

All my books are at zalma.com/blog/insurance-claims-library/

About Barry Zalma

An insurance coverage and claims management writer, consultant and expert witness with more than 48 years of practical and courtroom experience.

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