Bulletin 24-IB-002-05/21: The Use of Artificial Intelligence Systems in Insurance (District of Columbia adoption of the NAIC Model Bulletin)

Summary

The District's Department of Insurance, Securities and Banking issued a bulletin, based on the NAIC Model Bulletin, reminding all insurers licensed in the District that decisions affecting consumers made or supported by AI systems must comply with insurance law, including unfair trade practice and unfair discrimination law. It sets the Department's expectations for how insurers govern the development, acquisition and use of AI systems and describes the information the Department may request in an investigation or examination.

Key dates

1. May 21, 2024 (date of issue)Takes effect
2. October 16, 2026Checked against sources

Developments are added when the record is reviewed. Next review: January 15, 2027.

Evidence

Each passage is quoted from its source. The quoted passages are re-checked against the live pages every month.

1. BULLETIN 24-IB-002-05/21 TO: All Insurers Licensed to Do Business in the District of Columbia

   Supports: Bulletin number and addressees

   FROM: Karima M. Woods, Commissioner DATE: May 21, 2024

   Supports: Issuer and date

   This bulletin sets forth the Department’s expectations as to how Insurers will govern the development/acquisition and use of certain AI technologies, including the AI Systems described herein.

   Supports: Purpose and scope

   Bulletin 24-IB-002-05/21: The Use of Artificial Intelligence Systems in Insurance D.C. Department of Insurance, Securities and Banking Primary source

2. This brings the total to 12 jurisdictions that have adopted the NAIC Model Bulletin on the Use of AI Systems in Insurance.

   Supports: Adoption of the NAIC Model Bulletin

   DC Adopts Bulletin 24-IB-002-05/21 on the Use of Artificial Intelligence Systems in Insurance Locke Lord (Insurance & Reinsurance blog) Reporting or analysis