Month: March 2018

SB 189 effective July 1, 2018

March 29, 2018

On July 1st, 2018, Senate Bill 189 (SB 189) will officially come into effect in its entirety. A small portion of SB 189 was effective 01/01/18 which allowed insurance carriers to backdate officer exclusion waivers if they met certain parameters. That backdate period has ended and the rest of the SB 189 language will come into effect on 07/01/18 for policies incepting or renewing on 07/01/18 and thereafter. SB 189 will not affect all policyholders on 07/01/18 like AB 2883 did on 01/01/17.

 

Click here to read a bulletin from the WCIRB in conjunction with the Department of Insurance which clearly lays out the upcoming changes for SB 189 on 07/01/18 along with frequently asked questions answered by the DOI.  Below are highlights of some of the changes and guidelines:

 

  • Revocable Trusts (trustee): a person holding the power to revoke a trust with respect to shares of a private corporation held in trust, or general partnership or limited liability company interests held in trust will be eligible for exclusion
  • Corporations: the stock ownership requirement for an officer to be eligible for exclusion is being lowered from 15% to 10%
  • Corporations and the “family rule”: if an officer owns at least 1% of the issued and outstanding stock of the corporation and has health insurance coverage and his or her parent, grandparent, sibling, spouse or child owns at least 10% of the stock of the corporation- that individual would be eligible for exclusion.
  • Professional Corporations: an owner of a professional corporation will be eligible for exclusion if they are covered by a health insurance plan and if they sign an officer exclusion waiver
  • Backdating: Carriers will have the ability to backdate waivers up to 15 days prior to the date of receipt of the waiver
  • LLCs and Partnerships: only Managing Members and General Partners are eligible for exclusion

 

Click here to read the complete legal text of SB-189. Please maintain this information for reference as we begin to work on 07/01/18 accounts that will be impacted by SB-189. Let Steve Gutilla Jr. know if you have any questions.

Social Media

March 21, 2018

Producers: Are you using social media? If not, what are you waiting for? A great way to get started is to share content directly from the D&D pages on Facebook and Instagram.

Click here to read up on some of the benefits of using social media for your business.

Call for Submissions

March 15, 2018

Are you involved in the community? Have you and your team recently gone out to a fun lunch together? We want to hear about it! Send us a picture to post on The D&D Connection and D&D’s social media. Email [email protected].

Not So Auction/Auction: Wednesday, March 7

March 6, 2018

The Not So Auction/Auction is back!!!! Please click here for our flyer with the details. There is still room to participate. Please RSVP to Kim Combs at [email protected].

Invite your family, friends, coworkers, employers for a night of food, fun and bidding.  Price includes a sit down dinner and one auction paddle.  Additional Auction paddles will be available at the front door to increase your chance of winning.

Proceeds from this event benefit our Scholarship Fund.  Help us help our future leaders!!!  Donations for auction gifts are greatly appreciated.  If you would like to provide a donation, please contact me to make arrangements.

As always, we appreciate the support that has been provided the organization throughout the years!!