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DC Adopts Bulletin 24-IB-002-05/21 on the Use of Artificial Intelligence Systems in Insurance

InsureReinsure Blog
May 23, 2024

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.

Read the Bulletin.

  • This brings the total to 12 jurisdictions that have adopted the NAIC Model Bulletin on the Use of AI Systems in Insurance. The following have also been adopted:
    • Alaska: Bulletin B 24-01 – Adopted February 1, 2024
    • Connecticut: Bulletin No. MC-25 – Adopted February 26, 2024
    • Illinois: Company Bulletin 2024-08 – Adopted March 13, 2024
    • Kentucky: Bulletin No. 2024-02 – Adopted April 16, 2024
    • Maryland: Bulletin No. 24-11 – Adopted April 22, 2024
    • Nevada: Bulletin 24-001 – Adopted February 23, 2024
    • New Hampshire: Bulletin Docket #INS 24-011-AB – Adopted February 20, 2024
    • Pennsylvania: Insurance Notice 2024-04, 54 Pa.B. 1910 – Issued April 6, 2024
    • Rhode Island: Insurance Bulletin No. 2024-03 – Issued March 15, 2024
    • Vermont: Insurance Bulletin No. 229 – Adopted March 12, 2024
    • Washington: Technical Assistance Advisory 2024-02 – Adopted April 22, 2024

The post DC Adopts Bulletin 24-IB-002-05/21 on the Use of Artificial Intelligence Systems in Insurance appeared first on Insurance & Reinsurance.

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