California
California Adopts 2025 NAIC Adjustments
Effective January 1, 2025, California Department of Insurance has adopted the 2025 adjustments calculated by the NAIC. Under California Insurance Code, qualifying "commercial insureds" are exempt if they meet the threshold for: Net worth, Annual revenues, and Annual budgeted expenditures.
Please see the below attachments for more information about these changes and a checklist for these exemptions.
Please see the below attachments for more information about these changes and a checklist for these exemptions.
AgentSync Actions
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.
analyzed
pending
effective
This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Surplus
analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).