Can You Mandate Employee Vaccination?
Now is the time to consider a workplace vaccination program, as COVID-19 vaccine distribution ramps up.
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Maryland News
W-2s May Need Correction
The IRS is reminding employers of the new requirement to report wages paid for leave taken under the Families First Coronavirus Response Act (FFCRA) on employees’ W-2 forms. W-2s, which must be provided to employees by Jan. 31, can be corrected if they’ve already been issued. The IRS issued specific guidance on how employers are
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Report IDs State Regulators’ Strengths, Weaknesses
Pennsylvania, Maryland, and Delaware all held steady grades from 2019 to 2020 in the R Street Institute’s Insurance Regulation Report Card. The annual report looks at restrictions on consumers and insurers, as well as “how effectively are states discharging their duties to monitor insurer solvency and foster competitive, private insurance markets?” Pennsylvania maintained a B
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IA&B Testifies in Support of COVID-19 Immunity Bill
As state lawmakers begin considering numerous pieces of legislation addressing the pandemic, IA&B this week went on record in support of Senate Bill 210, a bipartisan bill which would provide limited immunity from COVID-19 related lawsuits. Your IA&B government affairs team submitted testimony in advance of Tuesday’s bill hearing in the Judicial Proceedings Committee supporting
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New York to Go Paperless for Disability Policies
Licensees conducting business in New York should expect to receive notification directly from the New York State Insurance Fund (NYSIF) that, effective Feb. 28, 2021, it plans to discontinue its practice of mailing paper copies of New York State Disability Benefits Law (DBL) insurance policies and bills to insurance agents/brokers. It is IA&B’s understanding that
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Review Latest HR Updates
Take note of recent HR-related news, stemming from governmental mandates and case law. The following are documented as bulletins in our online HR resources. Federal Bulletins FED #109 – Remote I-9 Form Verification ExtensionFED #110 – IRS Extends Form 1095 Distribution Deadline to March 2FED #111 – 2021 Wage Cap Rises Modestly for Social Security
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FHA Proposes Private Flood Insurance Option
The Federal Housing Administration (FHA) last week published a proposed rule which would allow consumers the option to purchase private flood insurance instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by the FHA. Specifically, these changes would allow lenders to begin accepting private flood insurance policies for single-family
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COVID-19: FFCRA, Other Employer Considerations
As the number of COVID-19 cases rise, member agencies are reporting circumstances where an employee tests positive – or is exposed to (and possibly living with) someone who has COVID-19. Under either scenario, employers’ responsibilities under the paid leave provisions of the Families First Coronavirus Response Act (FFCRA) may come into play.For employers with fewer
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COVID-19 Disrupts Professional Liability Market
The events of 2020 “have put considerable added pressure on professional liability insurers,” according to AM Best. The agency just released Best’s Special Report, “Professional Liability Insurers Navigate Uncertain Terrain Amid a Pandemic,” which included a survey of underwriters.Per AM Best’s announcement, results from the survey include: Two-thirds of respondents placed the severity of COVID-19
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How to Comply with New PA Training Requirement
Meet Pennsylvania’s new annuities suitability training requirement with ease during our live, four-hour Annuities – Consumer Protection and Suitability webinar. Filed for 4 hours of Annuity CEs in Pennsylvania, Maryland, and Delaware, this webinar will be offered:Monday, Dec. 7 | 9:00 AM – 1:00 PM Register About The New Requirement As previously reported in Agent
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