Effective April 12, 2024, Wisconsin will make a significant update in the classification of Risk Purchasing Group and Rate Service Organization. These will transition from being recognized as company types to distinct license classes. This change will specifically affect Resident Licensing, Resident Licensing Renewals, Nonresident Licensing, and Nonresident Licensing Renewals, and it will be applicable exclusively to business entities.

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.