Regulatory Updates

The world of insurance compliance regulation is ever-changing. But that’s no reason to fret. Keep up with regulatory updates here in our live feed. With relevant changes to licensing, appointments, continuing education rules, and more, you can take a proactive approach to maintaining your organization’s compliance requirements.

Publication Date

jurisdictions

content

status

August 30, 2022

Effective:
October 08, 2022

map-marker

Maryland Implementing Annuity Training Requirement

On October 8, 2022 Maryland will be adopting the best interest standard and will require new training for any producers involved in the sales of annuities,.

August 25, 2022

Effective:
October 01, 2022

map-marker

Kansas Adding License Class for Pharmacy Benefit Manager

Beginning on 10/1/2022 Kansas will offer a Pharmacy Benefit Manager License Class for R, NR, RLR, NRLR, No Home State Licensing, and No Home State Renewals

August 24, 2022

Effective:
January 01, 2022

map-marker

Hawaii Introducing New Training Requirements

Beginning 1/1/2023 Hawaii will amend its training requirements to include a 4 credit training course and an additional one credit course.

August 23, 2022

Effective:
January 01, 2022

map-marker

NY Reduces Stamping Fee

New York's request to reduce the stamping fee to 0.15% has been approved and will take effect on all excess lines policies that begin on or after January 1, 2023.

August 22, 2022

Effective:
August 29, 2022

map-marker

North Carolina Semi Annual Reporting Requirements

NCDOI is requiring data regarding nonfleet private vehicle damage and residential property from companies who issued Consent to Rate policies from 1/1/2022 - 6/30/2022. Data should be submitted by 10/4/2022.

August 16, 2022

Effective:
August 04, 2022

map-marker

North Caroline Appointment Fee Increase

Effective 8/4/2022 North Caroline updated the appointment fee from $10 to $11 per appointment.

August 09, 2022

map-marker

Louisiana Updates Continuing Education

Louisiana will be amending Rule 10 of Continuing Education. The amendment will include removing the first renewal exemption for CE pre licensing, Required information for CE credit, required data for CE renewal, accident and health language, and other technical changes.

August 05, 2022

Effective:
January 01, 2022

map-marker

North Carolina Stamping Fee

on 1/1/2023 North Carolina will decrease its stamping fee from 0.4% to 0.3%.

August 05, 2022

Effective:
August 05, 2022

map-marker

Florida Updates Forgot Password Process

Previously the Forgot Password process had been turned off for maintenance. The process will now include an email to the email address on record with a verification code to be entered in the MyProfile section.

August 05, 2022

Effective:
September 01, 2022

map-marker

Connecticut Will Have Updated Fee and New Line of Authority

Effective 9/1/2022 the license fee for Utilization Review License will update from $3,000 to $6,000. Connecticut will also be adding the LOA of Third Party Administrator Registration.

August 04, 2022

Effective:
August 04, 2022

map-marker

Update: Massachusetts Company Appointment Renewals Now Open

Massachusetts had previously delayed the opening of the company appointment renewals. it is now Open.

August 03, 2022

Effective:
August 03, 2022

map-marker

Rhode Island Updates Licensing Rules for Self-Service Storage Agents

Effective 8/3/2022 Rhode Island updated licensing rules for resident and non-resident self-service storage agents.

August 02, 2022

Effective:
August 02, 2022

map-marker

Maryland Updates Continuing Education Requirements for Residents

Maryland has revised the Continuing Education to 13 Hours for a title insurance producer license. Maryland also revised the the Continuing Education hours for producers with Property or Casualty licenses with Life or Health.

Effective:
August 01, 2022

map-marker

Louisiana Announces Insurance Title License Requirements

Louisiana now requires individual title insurance producers be a resident of Louisiana or be employed full time but an agency in Louisiana.

Effective:
September 08, 2022

map-marker

Idaho to Convert to State Based System

Idaho will be converting to the SBS in September. Beginning on September 8th at 6PM Central the Gateway will shut down until September14th at 9AM Central.

Effective:
July 25, 2022

map-marker

Nebraska Removing Proctoring Requirements

Effective Immediately, Nebraska eliminates the proctor requirements for online continuing education.

Effective:
July 25, 2022

map-marker

Pennsylvania Clarifies Additional Surplus Lines Fee

This clarification is related to confusion surrounding PA Insurance Law 310.74 that outlines that a "licensee may change a fee in addition to a commission to a person for the sale, solicitation, or negotiation of a contract of insurance for commercial business." It also notes that this fee must be disclosed in writing in advance. This clarification concludes that additional fees charged on a non-commercial surplus lines policy is a violation of the law noted here if the surplus lines producer also receives commissions from the insurer.

Effective:
August 11, 2022

map-marker

Missouri Travel Licensing

Language surrounding Missouri Travel Licensing has been updated. Effective August 11, 2022, any insurance producer license with a major line, licensed MGA, or TPA is eligible for a Travel line of authority.

Effective:
July 22, 2022

map-marker

New Mexico Adjuster Licensing Requirements

New Mexico releases a bulletin outlining when Designated Home State licenses are not accepted in initial licensing and renewals.

Effective:
August 12, 2022

map-marker

Update to Georgia Adding a New Line of Authority

Effective on 8/12/2022 GA will add the _Agent - Georgia Access_ LOA for R, NR, RLR, and NRLR. A new background question will be added for R and NR applications.

Effective:
September 24, 2022

map-marker

Arizona Updates Conditions for Waived Licensing Fees

Effective 9/24/2022, AZ will waive the initial license fee for an individual whose family income does not exceed 200% of the federal poverty guidelines, active-duty military member's spouse, or for an honorably discharged veteran discharged no more than 2 years before the application.

Effective:
August 12, 2022

map-marker

North Carolina Changes to Adjuster License Types

On August 12, 2022, North Carolina will convert their Company/Independent Adjuster and Self-Employed Adjuster license type to be the Adjuster license class. The LOA will now be "Not Applicable". This will impact the following transaction types: RL, RLR, NRAL, NRAR, NHS, and NHSR.

Effective:
July 18, 2022

map-marker

OCI Posts Administrative Actions for June 2022

The OCI holds the responsibility of enforcing insurance laws in Wisconsin. Every month, they publish the administrative actions taken against individuals and companies.

Effective:
July 21, 2022

NASAA & FINRA to Present Changes to IAR CE Program

On July 21, 2022, NASAA and FINRA plan to present recent system enhancements to the Investment Advisor Representative (IAR) Continued Education (CE) program.

Effective:
July 07, 2022

map-marker

North Carolina to no Longer Require Broker Licenses

Effective July 7, 2022, North Carolina removed the broker requirement for residents and non residents. In this, the requirement to hold a bond is also cancelled. An agent has always been allowed to act as an agent in which they are duly appointed. Now, producer may procure insurance through a duly authorized agent without a broker license.

Effective:
July 18, 2022

FINRA Proposes a Rule Change that Allows Inspections to Residential Supervisory Locations

FINRA is proposing a change to Supplementary Material .19. This proposed change aligns with FINRA Rule 3110 and aims to add safeguards and limitations within private residences (non-branch locations) of an associated person engaging in specified supervisory activities. This would therefore make those locations subject to inspection about every 2-3 years.

Effective:
July 15, 2022

map-marker

South Dakota Changes Annuity CE Requirements

This change impacts both existing resident and non resident producers. Those that complete an annuity training by 1/1/2023 must also complete a new Annuity Best Interest 4 credit class or an additional 1-time, 1-credit course prior to 7/1/2023. New producers after 1/1/2023 must take the 4 credit course.

Effective:
July 14, 2022

map-marker

New York Surplus Lines Association Updates List of E&S Insurers

Please see the attached document for NY(Elany's)updated list of E&S Insurers.

Effective:
August 26, 2022

South Carolina Sets Renewal Dates and Fees for 2022

The South Carolina renewal period is Sep 1 - 30. The Late Renewal Periods is Oct 1 - Dec 1, and the Termination Deadline is Aug. 26th.

Effective:
July 13, 2022

Abortion and Insurance in a Post-Roe U.S.

Eleven states limit all private insurance plan coverage for abortions to scenarios that are medical emergencies.

Effective:
July 18, 2022

map-marker

West Virginia Updates Surplus List to Include “Hershare” and Gun Ranges

Effective immediately, WV has made changes to their surplus lines export list to include 'hershare' and gun ranges.

Effective:
July 13, 2022

map-marker

NC Publishes Surplus Lines Renewal FAQ Document

The document contains renewal information, fees, membership details, and other important licensing information.

Effective:
July 12, 2022

How Long Does It Take an Insurance Producer to Start Selling?

One of the largest insurance industry challenges is the length of time it takes for newly contracted producers to be ready to sell and to do so in full compliance with state and federal insurance regulations.

Effective:
October 01, 2022

map-marker

Maryland Surplus Lines Brokers Policy Fees

Effective 10/1/2022 Maryland will allow a qualified surplus lines broker to charge a reasonable policy fee on a policy issued by a surplus lines insurer to an exempt commercial policyholder. See attached Bulletin

Effective:
January 01, 2022

map-marker

RI Updates General Requirements for Adjuster License

Rhode Island added conditions to which a Resident or Non-resident may obtain an Adjuster License, and bypass the written examination effective 1/1/2023.

Effective:
July 08, 2022

map-marker

Utah Offers Separate Line of Authority for Pet Insurance

Effective 7/8/2022 Utah began to offer a limited line license for producers to sell Pet Insurance. This was previously under the umbrella of the Property line of authority.

Effective:
August 16, 2022

map-marker

NH Resident and Non-Resident Changes

NH has listed updates to the following: Fees, General requirements for organization non-resident license, Discount Medical Plan Organizations requirements, and license renewal and causes for license revocation and surrender.

Effective:
July 08, 2022

map-marker

Wisconsin Commissioner: Wisconsin Continues to See Success in Stabilizing Its Individual Health Insurance Market, but the Future Presents Challenges

Wisconsin Insurance Commissioner Nathan Houdek discusses the state’s solutions in maintaining a robust health insurance market.

Effective:
July 07, 2022

map-marker

Wyoming Notes When DHS in not Accepted

Designated Home State (DHS) is ONLY acceptable when there is no home state license offered by their state. If the state of a staff adjuster that does not require staff adjuster licensing offers independent adjuster licensing and allows staff adjusters to obtain this license, the adjuster must obtain the independent adjuster license. Also, one cannot have a DHS license in a different state when they are applying for a WY DHS license.

Effective:
July 07, 2022

map-marker

FL To Add New Firm License Classes for PDB Display

Florida is now including Resident Insurance Adjuster Firm and Non Resident Insurance Adjuster Firm business entity license classes to be displayed on the PDB.

Effective:
July 10, 2022

map-marker

KS Publishes Approved Non-Admitted Carrier List

Kansas has published their list of approved non-admitted carriers list. - Southlake Specialty Insurance Corporation was added to the list

Effective:
July 01, 2022

What Is a BGA? All About Insurance Brokerage General Agencies

Brokerage general agencies (BGAs) are an essential part of the insurance distribution channel. Learn the role they play for independent life and health insurance agents.

Effective:
July 01, 2022

map-marker

NH Highlights that both Carriers AND Agencies can Report Fraud

This announcement is a result of recent fraud cases surfacing that were not reported. It highlights that fraud is a serious matter and can result in a fine or becoming barred from conducting insurance in NH. Any individual, agency, carrier, etc. can report fraud.

Effective:
June 30, 2022

Updates to CE Requirements in the Securities Space

Effective June 30, 2022, firms are able to subscribe to a new firm setting via the FINRA gateway. In doing this, all regulatory CE elements for individuals will be applied.

Effective:
January 01, 2022

map-marker

South Dakota Releases Annuity Best Interest Standards

The Annuity Best Interest will be effective Jan. 1, 2023. The purpose is to place the duty of annuity recommendations to consumers upon insurance producers.

Effective:
June 29, 2022

map-marker

Hawaii Removing Marine Transportation, Personal Lines, Surety, and Vehicle LOAs if Property and Casualty is Held

Effective Immediately, Hawaii will remove Marine Transportation, Personal Lines, Surety, and Vehicle LOAs if that licensee also holds a Property and Casualty LOA. This applies for both resident and non residents.

Effective:
June 29, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Regulatory Roundup: Kentucky Passes Military Spouses Law, Michigan Tackles Fraud and Drlp Penalties, and Texas’s State of Emergency Touches Insurance Industry

Expanding insurance licensing rules for military spouses, Texas’s state of emergency, and court cases take center in this edition of the Regulatory Roundup.

Effective:
July 01, 2022

map-marker

IA Adds Condition A Resident Insurance Producer License Can Be Issued Temporary License

Temporary License (not exceeding 180 days) can be issued by the Commissioner to a resident insurance producer license applicant who: 1) Meets the requirements of IA ST § 522B.5(1) AND 2) has not been issued the license within 10 business days from required identifying information, including fingerprints having been submitted to the Commissioner under IA ST § 522B.5A(3)

Effective:
June 29, 2022

map-marker

West Virginia Makes Adjustments to Continuing Education Requirements

Effective immediately, the Commissioner will recognize CE credits obtained by a producer in another state if this producer was licensed and in good standing in West Virginia at the time the license was surrendered. Additionally, one may be exempt from CE if they hold any limited or restricted license that is exempted by the Commissioner. Note that these are additional rules to the currently standing law.

Effective:
October 01, 2022

map-marker

Wisconsin’s Best Interest Law Announcement

On April 15, 2022, Wisconsin released the Best Interest Law (2021 Wis. Act 260). This law revised the annuity suitability standards to better protect consumers of the annuity products. These changes will take effect on Oct 1, 2022.

Effective:
June 28, 2022

map-marker

Colorado Releases Stance on Overturning of Roe v. Wade

Colorado releases an announcement that notes that they believe "Reproductive health care is an important part of the health care services" and notes that the Reproductive Health Equity Act signed on April 4, 2022, codifies the legal right to abortion services in Colorado.

Effective:
September 09, 2022

map-marker

Oregon Now Offering Renewals for Pharmaceutical Sales Reps

Effective Sept. 9, 2022, Oregon will begin offering renewals for Pharmaceutical Sales representatives with application types of Resident License Renewals (RLR) and No Home State Renewals (NHSR). The PDB codes are 12352 (RLR) and 472 (NHSR). The fee is $750 per license. Note that there is no reinstatement offered. After expiration, the applicant must reapply.

Effective:
July 22, 2022

map-marker

Texas Department of Insurance Requests Info for the HelpInsure Website

The Texas Department of Insurance (TDI) requests for information to help the HelpInsure site. This site is a resource for consumers in TX that are looking to purchase personal auto or residential property insurance. Responses are due by July 22, 2022.

Effective:
July 01, 2022

map-marker

Pennsylvania Publishes per diem Charges for Market Conduct Examinations

The charges are as follows: Examiner trainee ($667), Administrative Officer ($874), Examiner 1 ($784), Examiner 2 ($926), and Division Chief ($1,013). These will come into effect on July 1, 2022.

Effective:
June 24, 2022

map-marker

Washington Announces Stance on Overturned Roe v. Wade

Washington announces that it is one of the 16 states, plus D.C. that will continue to grant access to abortions and insurance coverage for abortions.

Effective:
June 01, 2024

NIPR Announces Retirement of Company Specialized Report

Effective 6/1/2024, NIPR will be retiring the company specialized report (CSR) that some carriers have been using to check licenses. They feel this product no longer meets industry compliance needs.

Effective:
August 01, 2022

map-marker

Louisiana Revises Limited Lines Agent Licensing

The definition of an "agency title insurance producer" or "agency producer" refers to a business entity appointed to represent a title insurer that has a physical address in Louisiana AND as of 8/1/22 will also have to designate a resident individual producer that is licensed for the LOA title as the person holding responsibility to remain in compliance.

Effective:
June 24, 2022

map-marker

California Announces their Stance on the Roe v. Wade Overturning

California has shared information on how California law protects insurance coverage for abortion. They have made it clear that they protect reproduction freedom and insurance coverage for abortion and that defending people's right to healthcare is a top priority.

Effective:
June 24, 2022

map-marker

Connecticut Announces Statement on Healthcare Coverage for Abortion

Connecticut announces that they will "continue to ensure every Connecticut citizen has access to safe and appropriate health care." They also noted that if their healthcare plan includes abortion coverage, the coverage will be maintained.

Effective:
June 24, 2022

map-marker

California Publishes Surplus Lines Export List

California released their surplus lines export list. They noted that, after review, the list has not changed.

Effective:
July 15, 2022

map-marker

Pennsylvania Updates Effective Date of Adding Non-Uniform Question

This update is announcing that the Non-Uniform question will come into effect on July 15, 2022. Previously this was set to June 24, 2022.

Effective:
June 22, 2022

map-marker

Louisiana Announces Changes to Self-Storage Agent and Portable Electronics Vendor

Effective August 1st, 2022, the verbiage for Self Storage Agents stating that a notice and hearing must occur before certain Commissioner actions. Additionally, an aggrieved party may now demand a hearing for both Self-Storage Agents and Portable Electronics Vendors.

Effective:
June 22, 2022

map-marker

Securities Industry and Regulatory Council Publishes Playbook

This playbook is meant to help securities professionals better prepare for upcoming changes to the securities industry CE program.

Effective:
July 21, 2022

NASAA Requests Public Comment on Model to Extend Validity Periods of Certain Exams

NASAA requests comments be submitted on their newly proposed model rules that would extend the validity period of certain exams. These are meant to align with recent FINRA changes (Rules 1240) that pertain to CE requirements. Comments are due by July 21st, 2022. Announcement attached.

Effective:
July 06, 2022

map-marker

Iowa Issues Statements on Appointing, Renewals, and Limited Lines Car Rental Agents

Effective July 6, 2022, Iowa has deleted their monthly billing statement information. For Renewals, appointments that are terminated due to non payment are now able to get re-appointed via NIPR. For limited lines, rental car agent Iowa revised deadline for notifying the Division of terminated counter employee licensees and counter employee licensee name or address changes.

Effective:
June 22, 2022

map-marker

Illinois Announces June Filing Cutoff

The June cutoff is set for 4:30pm CST on June 22, 2022. Filings after this time will be part of July activity.

Effective:
June 17, 2022

map-marker

Vermont Revisits Travel Requirements

Limited lines refers to a licensed MGA or TPA, a licensed producer (including limited lines producer), and a travel administrator. This announcement then further defines travel admins and travels insurance.

Effective:
June 17, 2022

New AgentSync Guide: How to Start an Independent Insurance Agency

Entrepreneurs looking to start independent agencies can download a roadmap to spot compliance hotspots before they happen.

Effective:
June 17, 2022

map-marker

Kentucky Announces Legislative Changes

Kentucky releases legislative changes (attached). One to highlight is An Act Relating to the Issuance and Renewal of Occupational Licenses to Military Spouses. An administrative agency is required to issue a temporary or regular license to the spouse of someone currently in the armed forces. The spouse will not need to pay fees if they meet the requirements. Previously, fees were not waived.

Effective:
June 16, 2022

map-marker

South Carolina Updates CE Exemptions

The following are exempt from CE: Producers licensed for limited lines, non residents who met their home state's CE requirements, and licensees that are 65 years old and have been licensed for 25 years.

Effective:
June 16, 2022

map-marker

Idaho Updates Direct Placement for Surplus Lines

Surplus Lines premium tax must be paid by check to the Idaho Department of Insurance. The stamping fee must be paid to the Surplus Lines Association of Idaho.

Effective:
June 16, 2022

map-marker

Florida Changes Fingerprint Requirements

Florida announces that a fingerprint fee is no longer required and the fingerprints must be processed in compliance with FL ST § 624.34. This will then be used to investigate if the applicant is qualified.

Effective:
June 16, 2022

map-marker

Maryland Issues Reminder to Public Adjusters

This announcement is reminding Public Adjusters of laws that are already in effect, but highlights specific provisions.

Effective:
June 16, 2022

map-marker

New Mexico No Longer Allows PO Boxes for Business Addresses for Individuals

Effective today, PO boxes will no longer be allowed as business addresses. Applicants with no resident license or a state code change that are updating their addresses will be deferred to the state to review.

Effective:
August 05, 2022

map-marker

UPDATE – Mississippi Converting Travel LOA to License Class

Effective date of 08/05/2022 has been announced. Mississippi is converting the Insurance Producer with a Travel LOA to a license class of Limited Lines Travel. A Limited Lines business entity must provide one DRLP that is actively licensed as a Limited Lines Travel Insurance Producer, or Producer with Property and Casualty or Personal Lines.

Effective:
June 15, 2022

map-marker

New Mexico Informs Users of Site Requirements

Effective June 15, 2022, the NMRLD MyLicense e-Government website will no longer work with internet explorer. They encourage users to setup Microsoft Edge to maintain access.

Effective:
June 16, 2022

map-marker

Mississippi Converting Travel LOA to License Class

Effective date is yet to be announced, but Mississippi is converting the Insurance Producer with a Travel LOA to a license class of Limited Lines Travel. A Limited Lines business entity must provide one DRLP that is actively licensed as a Limited Lines Travel Insurance Producer, or Producer with Property and Casualty or Personal Lines.

Effective:
June 15, 2022

map-marker

Louisiana Modifies Language of Someone Convicted of Felony

Effective immediately, it is required that a person who wishes to employ a convicted felon a completed "Request forConsent or a Waiver Pursuant to La. R.S. 22:1554(A)(18)" form electronically at producerlicensing@ldi.la.gov.

Effective:
June 13, 2022

map-marker

Texas Releases Bulletin on Uvalde School Shooting and Health Benefit Plan Guidance

On May 27, 2022, a disaster declaration was issued in response to the Robb Elementary School shooting and tragedy. In response, the governor authorized the use of all available state and local government resources to cope with the disaster. The Texas Department of Insurance encourages health benefit plans to consider covering and reimbursing for mental health services and authorize payment to pharmacies for up to a 90-day supply of prescription medications regardless of last fill date.

Effective:
June 03, 2022

map-marker

Louisiana Changes to Continued Education Requirements

Effective June 3, 2022, the prelicense education requirements for producer or consultant license applicants for lines of Life, Accident & Health or Sickness, Property, Casualty, Personal Lines, and Title are no longer required.

Effective:
December 31, 2022

map-marker

Minnesota Updates Annuity Training Requirements

Producers with a Life line of authority on 12/31/22 and wish to sell annuities will be required to complete a training course no later than 7/1/23. This training must be a 4 hour course, or a 1-time, 1-credit course. If the license is obtained on or after 1/1/23 is not eligible to sell until the course work is complete. The course title is "Best Interest Standards of Conduct for Annuity Sales".

Effective:
June 13, 2022

map-marker

Missouri Updates Background Investigation Requirements

Individuals Requesting a pre-licensure criminal history determination under the Fresh Start Act is required to complete their request via an acceptable form. The Division or licensing board will reveal the determination within 30 days of the board meeting and no later than 4 months after the request has been submitted.

Effective:
June 16, 2022

map-marker

North Carolina Adds New Non Uniform Question

Effective June 16, 2022, North Carolina will be adding a new non uniform question for Resident Licensing and Resident Licensing Renewals that will apply for Professional Bondsman, Surety Bondsman, and Bail Bond Runner.

Effective:
June 08, 2022

map-marker

Virginia Commissioner: Pharmacy Benefits Management the Latest Front in Controlling Healthcare Costs

Virginia Insurance Commissioner Scott White explores state regulations aimed at pharmacy benefits managers in the wake of the SCOTUS Rutledge decision.

Effective:
June 08, 2022

map-marker

Wyoming Clarifies Appointment and Termination Requirements

The Wyoming Department of Insurance has observed that some producers and insurers are not fully aware of their rights and responsibilities. As a result, they are looking to clarify the requirements.

Effective:
June 09, 2022

map-marker

North Carolina Issues Update on Non-Renewed License

Effective June 8, 2022, both Resident and Nonresident Individual and Business Entity licenses that had an expiration date of 3/31/22 and have not paid the annual renewal fee will be updated to have the status "Nonpayment". To get a new license, one must reapply starting June 9, 2022.

Effective:
July 18, 2022

map-marker

Nevada Adding Reinstatement Period

Effective July 18, 2022, a reinstatement period will be added for resident producer and producer firm individuals. One will have up to one year post expiration date to reinstate their license. After this, the applicant must reapply.

Effective:
July 01, 2022

map-marker

Louisiana Announces 2022 Agency Appointment Renewals

The invoice renewal period is July 1, 2022 until Aug. 2, 2022. The termination deadline is June 26, 2022. New appointment renewal date is July 31, 2022 after appointment is renewed.

Effective:
October 01, 2022

map-marker

Maryland Increases Surplus Lines Fee Cap

Effective October 10, 2022, the policy fee a Surplus Lines Broker may charge on a policy issued by a surplus lines broker has been raised. The fee cap is now $200 on each personal lines policy and $500 OR 7% of the policy's premium (whichever is greater).

Effective:
July 01, 2022

map-marker

Colorado Moves Public Hearing to Online

Colorado has moved their public hearing for Amended 4-1-11 Concerning Best Interest Obligations and Supervision in Annuity Transactions set for July 1, 2022 to online due to spreading Covid concerns.

Effective:
June 07, 2022

map-marker

Illinois Updates General Requirements for Continued Education

Illinois is requiring 4 hours of CE biennially. Credit will be given on a hour-by-hour basis and must be reported by a registered CE provider association. These credits do not settle the ethics requirement.

Effective:
June 04, 2022

map-marker

South Carolina Updates CE Exemptions

If a licensee is 65 years old with 25 years or more of licensure in South Caroline are exempt from the continuing education requirements.

Effective:
June 03, 2022

map-marker

Louisiana Changes Information that Must be Submitted by Catastrophe Adjusters

To better track catastrophe adjusters that are brought into the state in the case of an emergency, LA is requiring additional information that must be submitted at registration.

Effective:
June 03, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Regulatory Roundup: Big Data, Health Care Billing Reforms, and Premium Thefts Lead Regulation Concerns

From Big Data to insurance enforcement, this Roundup takes aim at some of the regulatory changes across these here United States.

Effective:
June 03, 2022

map-marker

Vermont 2022 Carrier Appointment Dates

This is a reminder that on June 3, 2022, VT will be displaying the Vermont 2022 Appointment Renewal Invoices. The renewal period is June 3-30.

Effective:
June 02, 2022

map-marker

Maryland Posts Summary of Laws Enacted in 2022

This announcement includes a full list of laws enacted in 2022 and two highlighted callouts in terms of compliance.

Effective:
June 10, 2022

map-marker

Update to Louisiana Opening Contact Change Request

This will now go into effect on June 10th rather than May 27th. This change will allow a business entity to electronically update the physical address, email, and phone number.

Effective:
June 24, 2022

map-marker

Pennsylvania to Add Non-Uniform Questions

Effective July 15, 2022, Pennsylvania will add a non-uniform question for resident individual initial and renewal applications and two optional questions for residents and non residents licensing and renewals.

Effective:
August 02, 2022

map-marker

Massachusetts 2022 Company Appointment Renewal Dates

(UPDATED) The renewal period is August 2, 2022 - August 31, 2022. The termination deadline for appointments that one does not wish to renew is June 30th, 2022. A 15 day backdating period is allowed. The fee is $75 for both businesses and individuals. Note: This announcement originally stated the renewal period started on July 19th. This was updated to July 21st on July 18th.

Effective:
June 01, 2022

map-marker

map-marker

map-marker

Understanding Carrier Appointment Costs for Producers and Agencies in Massachusetts

Massachusetts carrier appointment and agency affiliation rules aren’t obvious, and a mix-up could mean hefty and unnecessary payments.

Effective:
July 31, 2022

map-marker

Hawaii Includes Marine Transportation, Personal Lines, Surety, and Vehicle LOAs when License Includes Property and Casualty

Resident and non resident producer licenses that had the LOAs previously separated will no longer see those LOAs (MA, PL, SU, and VE) and only see P&C. There will be no changes to LOAs listed on licenses that have only PL or SU LOAs.

Effective:
May 30, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Regulatory Roundup: NAIC Climate-Related Financial Disclosures, Colorado Data Protection, Elon Musk Among State Updates

From a $1 million insurance carrier fine to limits on carrier data, changing insurance landscape weighs heavily in this Regulatory Roundup.

Effective:
July 08, 2022

map-marker

Texas 2021 Disallowed Expenses Data Call

A mandatory "disallowed expenses" data call for the 2021 calendar year was issued by Texas. This call applies to licensed companies that wrote premium for: fire, allied lines, private crop, farm owners multiple peril, homeowners multiple peril, commercial multiple peril, inland marine, medical malpractice, other general liability, products liability, private passenger automobile, commercial automobile, fidelity, or surety. The document must be filled out and returned by July 8.

Effective:
May 27, 2022

map-marker

South Carolina Adds CE Exemption

Insurance Producers with 25 years or more of licensure and are 65 years or older are exempt. If a portion of this licensure was in a different state, appropriate documentation from that state must be provided. .

Effective:
May 27, 2022

map-marker

New Mexico Reviews its Resident Licensing Requirements

For one to be a resident of the state, one must maintain a principal home in New Mexico and cannot hold a resident license in a different state. If the OSI has reason to believe that this requirement is not being met, additional documentation will be required to prove residency.

Effective:
May 26, 2022

map-marker

Kentucky Clarifies Statue Regarding Automobile Policy

Kansas noted that there some incorrect interpretations of KRS 304.39-060(6) regarding automobile policy. The statue says, " “Every insurance company when issuing an automobile policy to a resident of this Commonwealth must inform the buyer in writing in a form to be prescribed by the insurance commissioner of his or her right to reject the limitations of the tort rights and liabilities under this subtitle in the manner provided in subsections (4) and (7) of this section.” It was clarified that issuing means that the form must be delivered to the insured at 1.) the initial issuance of a new policy, but not at subsequent renewals of that policy; and 2.) at the addition of any drivers to a policy.

Effective:
May 27, 2022

NIPR Scheduled Maintenance

NIPR production will be down for maintenance from Friday evening, May 27th, until Saturday evening.

Effective:
July 02, 2022

map-marker

Update to New Hampshire Third Party Admin Requirements

Effective July 2, 2022 NH will require a Third Party Administrator to include contact information for a designated agent in New Hampshire for service of process with certificate application for both Residents and Non-Residents.

Effective:
May 27, 2022

map-marker

Kansas Upcoming DRLP Changes

Effective May 27, 2022, a DRLP must be entered for Resident License applications for a business entity. This does not apply for Car Rental, Credit, and Portable Electronics and the field should be left blank on the application.

Effective:
May 24, 2022

NIPR Explains Email Sent Out to Individual Agents

NIPR is deleting all incomplete MYNIPR applications with tonight's release. As a result, these applications will need to be resubmitted.

Effective:
June 10, 2022

map-marker

Louisiana Opening Contact Change Requests for Business Entities

This update will allow business entities to electronically update both their business and mailing physical addresses, email, and phone number.

Effective:
May 23, 2022

map-marker

Delaware Adds to Resident License Residency Requirements

Delaware states the a resident producer now must be a DE resident, or work for a business entity that is licensed to conduct the business of insurance in DE AND maintains a physical location in DE that is open to the public and where business is conducted. A DE postal box cannot be used to establish residency.

Effective:
May 23, 2022

map-marker

Wildfire Hotline Launched to Support Questions on New Mexico Wildfires

This hotline is launched by the office of the Superintendent of Insurance and will answer questions about insurance coverage for evacuees and victims of the New Mexico wildfires. This service is available 7 days a week 8AM-8PM on weekdays and 9AM-2PM on weekends. The number is (833) 485-1336.

Effective:
May 23, 2022

map-marker

Maine Updates Requirements for Self-Service Storage Agents

The updates now require the name, address, etc. must be provided. Additionally, the license applicant must appoint the superintendent as the applicant's attorney of all legal process. This applies to both residents and non-residents.

Effective:
May 20, 2022

map-marker

PLMA Update: California Changes Initial and Renewal Applications

California will turn off the initial and renewal applications starting at 1PM CST. The application turn on time has not changed. This update relates to previous updates on the conversion to PLMA standards.

Effective:
May 20, 2022

map-marker

Oklahoma Adds Language to Consultant License Requirements

Language has been added to the consultant license in OK. The language states that a producer license is required of any individual or organization consultant. Note that, in OK, the term consultant is used to include brokers as well. Therefore, both brokers and consultants must be licensed as an insurance producer.

Effective:
May 19, 2022

map-marker

Oklahoma Makes Changes to Surplus Lines

Adjustments were made to the surplus lines requirements.

Effective:
May 18, 2022

map-marker

Massachusetts Adds Back 745,325 Appointments

On May 18, 2022, Massachusetts will add back 745,325 appointments to the PDB that were previously removed. These appointments are not active and their display is soley for visibility.

map-marker

Michigan Adding Third Party Admin

Michigan will be adding a new License Class of "Third Party Administrator". The effective date is yet to be announced, but is noted to take place at some point in Q3. This will be updated when the date is set.

Effective:
July 19, 2022

map-marker

Maine Changes Surplus Tax Rate

The tax rate will now be 3% and, if in Canada, it will be the highest rate of taxation that applies to the non-admitted insurer. If one does not comply, it will be $25 or 10% (whichever is higher) within 60 days. If reported after this period, it is $25 or 25%. The fee increases the longer one withholds payment.

Effective:
July 01, 2022

map-marker

Iowa Adding Travel Agent Licensing Requirements

Effective July 1, 2022, Iowa is adding Travel Agent licensing requirements for both residents and non-residents.

Effective:
June 05, 2022

map-marker

Delaware Revises Emergency CAT Process

Effective June 5, 2022, the following will be required for DE CAT adjusters. Within 10 days of adjustment work within the state, a written notice must be issued. The CAT license will be issued for 60 days unless extended by the commissioner. There is no cost for this license, but there is a small processing fee.

Effective:
October 19, 2022

map-marker

Ohio Adds Limited Lines Travel

Effective October 10, 2022, Ohio will add limited lines travel for residents and non-residents. More details will come on requirements.

Effective:
May 11, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

How to Change an Agency Tax ID

Changing your agency tax ID is basically like setting everything on fire and starting over … from a paperwork standpoint.

Effective:
June 10, 2022

map-marker

North Carolina Adds Bail Bond Licensing

On June 10, 2022, North Carolina will offer Bail Bondsman License classes for individuals that are residents.

Effective:
May 27, 2022

map-marker

Update – Kansas No Home State Implementation Effective 5/27/22

The no home state implementation (originally announced on 4/20/22) will be delayed from May 15th to May 27th.

Effective:
May 06, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

When Can I Write Business After Getting My Agency License?

While some states don’t require a principal agent to be licensed, or they allow multiple agents to cumulatively hold the appropriate licenses, most states require the DRLP(s) to have licenses in all lines of authority (LOAs) the business sells under. If your DRLP isn’t already licensed, that’s going to add some TIME to your calendar.

Effective:
May 07, 2022

map-marker

Massachusetts Removes Duplicate Appointments

On May 6, 2022, MA will delete more than 748,000 from the producer database.

Effective:
May 04, 2022

map-marker

Wisconsin Shares Changes to their Annuity Training Requirements

Vermont outlines some changes to how one may satisfy annuity continued education requirements in Vermont.

Effective:
May 27, 2022

map-marker

Updates to California Converts to PLMA Standards

The conversion to PLMA standards is now to take effect on May 27th. Appointments and terminations applications will be turned off on May 20, 2022, at 6:00 pm central. See the original post for more details on the impact of this conversion.

Effective:
May 27, 2022

map-marker

Update to California Converts to PLMA Standards

This update calls out that with this conversion, specific licenses and license qualifications will be converted to comply with PLMA standards. Current licenses will become inactive on May 27, 2022 and new license types will be added to the record.

Effective:
May 01, 2022

map-marker

Tennessee Updates License Qualifications

Additional language was added to determine if one qualifies for licensing. In summary, the language outlines that if an offense occurs 10 days or more from the license application date, they will not be considered.

Effective:
May 02, 2022

map-marker

Minnesota Reduces Technology Surcharge Fee

Effective May 2, 2022, The technology surcharge fee is to be reduced from $20 to $15 for producer license applications, renewals, and reinstatements.

Effective:
April 29, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Producer License Violation Fines in Georgia, California Adopts NAIC Producer Legislation, Utah DOI Changes Address

This roundup covers the Georgia commissioner's newly issued fines, the Indiana mandate for digital premium and surplus lines tax filing, California's adoption of NAIC PLMA, and much more regulatory insurance news.

Effective:
January 01, 2022

map-marker

Maine Requiring Pet Insurance Training

On 1/1/23 Pet insurance carriers will be required to provide training to both residents and non-residents.

Effective:
April 27, 2022

Insurance Professional Standards: Suitability, Best Interest, and Fiduciary Explained

Regulation – particularly as it relates to annuities – is disparate and currently changing when it comes to the standards that insurance professionals must follow. Explore the different standards and what they mean.

Effective:
May 16, 2022

map-marker

Vermont Announces Departure of DFR Commissioner Mike Pieciak

Effective May 16, DFR Commissioner Mike Pieciak will be pursuing new opportunities. In the interim, Deputy Commissioner Kevin Gaffney will serve in this role.

Effective:
April 25, 2022

map-marker

Michigan Launches a New Website

The Michigan Department of Insurance and Financial Services announces a new website aims to give end users a new, modern experience. This website will continue to provide resources and assistance to consumers and licensees.

Effective:
April 25, 2022

Update to NIPR Transaction Assistant

NIPR announced that a new version of Transaction Assistant WSDL is available for download. This does not require clients to make changes to their projects.

Effective:
June 30, 2022

map-marker

Vermont 2022 Company Appointment Renewal Dates

The Company appointment renewal period is 6/3/22 - 6/30/22.

Effective:
April 22, 2022

map-marker

map-marker

map-marker

How States Regulate or Limit MGA Non-Commission Fees: A Sample

MGA non-commission fees are subject to disparate regulation, as evidenced by this deeper case study of three states' approaches.

Effective:
April 21, 2022

map-marker

Iowa Adopts Legislation for Travel Insurance

Iowa is to adopt travel insurance and therefore is to add a new license class/line of authority in the near future. The date this becomes effective has not yet been announced.

Effective:
April 20, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Russian Cyberattacks, Salvasen Health Termination, Colorado Changes After Boulder Fires

Special healthcare enrollment periods designed to help those who formerly had Salvasen Health Plans is one of the features of this Regulatory Roundup.

Effective:
May 27, 2022

map-marker

Kansas to Implement No Home State for Licensing and Renewals

Kanas is offering No Home State licensing and renewals to Producers (Individual and Business) and Portable Electronics (Business) license classes.

Effective:
April 21, 2022

NIPR Removes FEIN for Sole Proprietorships

The FEIN number will no longer be displayed on the PDB for firms reported as sole proprietorships. This goes into effect 4/21/22.

Effective:
May 30, 2022

map-marker

Texas Issues Data Call in Catastrophe Area

This announcement is applicable to companies writing commercial property or business owners insurance in Texas.

Effective:
May 15, 2022

map-marker

North Carolina Appointment Renewals that are Past Due

North Carolina sends reminder on company appointment renewals. We are now in the late renewal period. This period ends on 5/15/22. Invoices not paid by this date will lead to the appointment being cancelled.

Effective:
April 19, 2022

map-marker

Massachusetts Adds Business Entity Options

Additional offerings are now available for those in Massachusetts via NIPR. This will apply to business entities for both residents and non residents, and renewals and new licensing.

Effective:
August 31, 2022

map-marker

Maryland Company Renewal Dates Announced

The invoice renewal period is 6/1/22-8/31/22 for company renewals.

Effective:
April 18, 2022

map-marker

Tennessee Commissioner: Tennessee Embraces Innovation in Addressing Insurance Licensing Concerns

Carter Lawrence, the Tennessee Commissioner of Insurance, took the opportunity to explain the nuances of his state's approach to insurance regulation and compliance in this Commissioners' Corner.

Effective:
April 15, 2022

map-marker

Declined Transactions Related to Recent Louisiana Changes

Reminder that there was a recent change to Louisiana that no longer required the Applicant.Tax\_Num (SSN) that was implemented on April 14, 2022. Any submissions before this time may be declined and will need to be resubmitted.

Effective:
May 27, 2022

map-marker

Update to California Moving to PLMA Standards

The turn-off date has been updated to 8AM CST on May 6, 2022.

Effective:
April 15, 2022

map-marker

Kansas Changes Business Entity License Number to NPN

On April 15, 2022, Kansas will update about 19,000 business entity licenses. The licenses impacted have a first active date prior to January 1, 2022. The change will update their existing license number to match their National Producer Number.

Effective:
January 01, 2022

map-marker

Wyoming Changes 2023 CE Fees

The change in fees will take into effect on 1/1/23.

Effective:
April 14, 2022

map-marker

Updated Effective Date for Connecticut MVPD Appraiser Changes

This update is a date change from a previous announcement. CT will now move their MVPD Appraiser license to a non-adjuster license class effective 4/22/22. Originally, this change was set for 4/15/22.

Effective:
April 14, 2022

map-marker

North Carolina Updates Expiration Dates

On April 14, 2022, North Carolina will update expirations dates on Non-Resident Insurance Producer licenses that currently have an expiration date on March 31, 2023. The expiration date will now read March 31, 2024.

Effective:
April 13, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Cryptocurrency, Conversion Therapy, and Spam-Blockers Shape Insurance Discussion

As a large multi-state crypto lawsuit wound its way through court, California added some surplus lines processes to NIPR, Hawaii changed its CE process, and Minnesota tackled conversion therapy and insurance.

Effective:
April 11, 2022

map-marker

North Carolina Releases Bulletin on Catastrophic Event Procedures

In the event of a catastrophe the following procedure will need to be followed for motor vehicle appraisers.

Effective:
June 01, 2022

map-marker

Arkansas Announces 2022 Company Renewal Dates

Arkansas announces that the renewal period is between 6/1/22 - 6/30/22.

Effective:
June 01, 2022

map-marker

Alabama is Removing their Travel Licensing Requirement

Alabama has deleted the travel insurance license requirement.

Effective:
April 06, 2022

Federal Regulations Make Insurance, Technology, and Critical Infrastructure Accountable for Cyberthreats

New federal laws are putting parameters on how carriers address cybersecurity and data breaches.

Effective:
July 01, 2022

map-marker

Nevada 2022 Company Annual Appointment Renewal Procedure

On July 1st, 2022, Nevada will email the Annual Appointment Renewal Invoice and the Details Appointment List to all insurers.

Effective:
June 30, 2022

map-marker

Ohio Announces 2022 Renewal Procedures

All appointments that are active on June 30, 2022 will be automatically renewed on July 1, 2022. An invoice will then be sent to that company in August. If you would like to terminate an appointment, complete the termination prior to June 30th.

Effective:
April 04, 2022

map-marker

New Mexico Prohibits Differing Commission Structures for the Sales of Qualified Health Plans

This is in response to other states creating commission structures based on the metal tier of health care plan sold. Incentivizing the sales of certain plans to minimize carrier risk is a violation of the law. Currently, there are no known commission structures of this sort in New Mexico. This warning is for awareness that a $10,000 penalty will be issued per violation.

Effective:
April 01, 2022

map-marker

Louisiana Department of Insurance Previews Legislative Package for 2022 Session

In a news conference on March 10, 2022, Louisiana Insurance Commissioner James Donelon joined legislators in announcing the department of insurance’s joint policy goals and initiatives for the 2022 legislative session.

Effective:
April 01, 2022

map-marker

Florida Adjusts where Adjusting Firm Licenses can be Verified

In November 2021, Florida began adjusting firms. These licenses are yet to be displayed in the PDB.

Effective:
May 27, 2022

map-marker

California Converts to PLMA Standards

May 12, 2022, California will be converting existing Producer license class descriptions to meet PLMA standards. This will impact licensing, termination, and renewals for both residents and non-residents, entities and individuals.

Effective:
March 31, 2022

map-marker

Utah DOI Relocation

Utah's Department of Insurance is changing location to the Taylorsville State Office Building.

Effective:
July 01, 2022

map-marker

Georgia Implements Tiered Fine Schedule for those Selling without a License

Beginning July 1st, any person or entity that is selling, soliciting, or negotiating insurance without a license will be subject to a new tiered schedule. The schedule goes as followed: 1st policy = $100, 2nd policy = $500, 3rd policy = $1,000, 4th Policy = $1,500, 5th Policy = $2,000, and 6th Policy and up will be $5,000 each.

Effective:
April 01, 2022

map-marker

Virginia Updates Late Renewals and Reinstatements

On April 1, 2022, Virginia will be determining if a license is eligible for a late renewal or reinstatement by the authority status date for that producer. A licensee may have a late renewal or submission of a reinstatement on both their resident and non resident license for up to one year after the LOA status date.

Effective:
March 30, 2022

map-marker

Georgia Issues a Reminder on Surplus Lines Affidavits and Due Dates

On 1/1/2021 Georgia changed their tax filing and payment process. The date for affidavits and payments is 45 days after the end of the calendar quarter. The date this is due will be based on when the policy premium transaction was received.

Effective:
July 01, 2022

map-marker

SD to Allow Producers Holding Other LOAs to Sell Travel

Effective 7/1/2022 SD has added language to allow producers holding other lines of authority to sell travel and does not require a P&C producer to be appointed.

Effective:
March 30, 2022

Federal Insurance Laws in the 2021-2022 Congressional Session

Federal regulations of insurance are few and far between thanks to ages of history affirming that insurance regulation belongs to the states. But each session, intrepid Congresspeople submit aspirational bills to do just that.

Effective:
March 29, 2022

map-marker

Washington Announces Adjuster Line of Authority Updates

On March 11, 2022, WA released an update on the "No Authority Required" LOA assignment being removed from Washington Adjuster license classes: Independent Adjuster, Public Adjuster, and Crop Adjuster. They released an update that noted this will now impact both individual and firm entity types.

Effective:
March 30, 2022

map-marker

Massachusetts Deletes Invalid Appointments

Some appointments were wrongly added when Massachusetts converted to state based systems. These appointments will be deleted on March 30th.

Effective:
March 28, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Which States Ban Gender-Rating in Insurance Premiums?

In Women’s History Month, we recapped the current state of gender parity in insurance ratings and premiums, along with the newest developments in gender-based insurance pricing regulations.

Effective:
March 28, 2022

map-marker

Colorado to Remove Line of Authority: Attorney Title

Effective today, Colorado is removing the Attorney Title line of authority. This offering is available for Resident and Non Resident license applications.

Effective:
April 15, 2022

map-marker

Connecticut Updates to MVPD Appraiser License

This update is a date change from a previous announcement. CT will now move their MVPD Appraiser license to a non-adjuster license class effective April 15, 2022.

Effective:
March 23, 2022

Carrier and Agency Duties Under the DOL Fiduciary Rule

The DOL fiduciary rule will go into full effect in 2022, affecting carriers, agencies, and producers who sell annuities.

Effective:
March 22, 2022

map-marker

New Mexico Adds Annuity Training Requirement

Producers who transact annuity products must now complete a one time, four hour CE credit annuity training course to comply with the insurer's requirements.

Effective:
March 22, 2022

map-marker

North Carolina Renewal Update

North Carolina is not requiring a renewal fee for Non-Resident Licenses IF the producer's Resident License if active. Currently, North Carolina is reviewing and cancelling all NR Licenses that do not have an active home state license. Those that do have an active home state license will see the expiration date on their Non-Resident Insurance Producer Licenses set to March 31, 2024.

Effective:
March 21, 2022

map-marker

Hawaii Requires Reinstatement Fees to be Requested Electronically

As of March 21, 2022, Hawaii will require all reinstatements (nonrenewals or licenses surrendered within one year of inactivation) to be handled electronically. Checks will not be accepted.

Effective:
March 21, 2022

map-marker

Massachusettes Update to its Change to SBS

MA released an update on their conversion to state based systems (SBS). This update includes a list of products that are now available, a business entity number update, an update for Company License Numbers, and when the PDB alerts will be sent. See previous Massachusetts regulatory updates for complete details on this update.

Effective:
April 01, 2022

map-marker

Virginia Changes Appointment Fee

As of 1/1/22, the appointment fee was reduced from $10 to $7. This change will be reflected starting 4/1/22 quarterly billing and for anything following this date.

Effective:
May 01, 2022

map-marker

Alabama Pre-Need Company Appointment Dates Available

For Alabama 2022 Renewals (specifically pre-need), the invoice renewal period is 5/1/22 - 9/2/22.

Effective:
April 29, 2022

map-marker

Nebraska 2022 Appointment Renewal Dates Available

The invoice renewal period for Nebraska appointment renewals is from 4/29/22 to 8/2/22 along with termination deadlines and fees.

Effective:
March 17, 2022

map-marker

South Dakota Makes CE Requirement Changes

SD announces CE change that impacts both Resident and Non-Resident License holders. For producers that have a life insurance Line of Authority cannot sell annuities unless the required training courses are completed.

Effective:
March 18, 2022

map-marker

Update to Massachusetts Converts to State Based Systems

The updates included in MA converting to state based systems will now occur on March 18th from March 16th.

Effective:
March 11, 2022

map-marker

Florida Insurance Department Warns Producers: Verify Carrier Licensing

Florida has warned insurance producers to check licenses for their intended carrier partners as it and other states see fake insurance and other fraud increases.

Effective:
April 15, 2022

map-marker

Connecticut 2022 Appointment Renewal Details

Connecticut released details on Appointment Renewal deadlines, costs, and more. The invoice renewal period is May 1st through June 30th, 2022.

Effective:
April 01, 2022

map-marker

Indiana Posts Requirements for Electronic Filings

Effective April 1, 2022, all filers must submit their annual premium tax, quarterly estimated tax, and annual renewal fees and payments electronically through OPTins. Paper filings will no longer be accepted after this date and penalties will apply. Instructions for submitting tax and fee filings are available at: .

Effective:
March 11, 2022

map-marker

Washington Announces Line of Authority Updates for Adjusters

On March 11th, 2022, Washington is to remove "No Authority Required" LOA from license types and adding Property or Casualty Lines of Authority in its place.

Effective:
March 09, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Regulatory Roundup: New states adopt NAIC Annuity Suitability Model

Connecticut trumpets its captive market growth, California reminds producers to answer application and renewal background questions, and more states look to implement the NAIC's model standards for producers in this edition of the Regulatory Roundup.

Effective:
March 07, 2022

map-marker

Virginia Reminds All to Read Cybersecurity Policy

Cybersecurity risk has been raised for US critical infrastructure following the Russian attacks on Ukraine. As a result, the State Corporation Commission's Bureau of Insurance prompts each licensee should review Shields Up.

Effective:
March 04, 2022

map-marker

West Virginia Commissioner: The Transition of Workers Compensation from a Monopolistic State Fund to a Competitive Open Insurance Market

This Commissioners' Corner, written by Allan McVey of West Virginia, offers his administration's take on the conversion of the Workers Compensation Fund into a private market.

Effective:
March 04, 2022

map-marker

District of Columbia

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

NASAA Updates IAR CE Member Adoption list on its Website

NASAA provides an updated version of the IAR CE Member Adoption list on its website.

Effective:
March 03, 2022

map-marker

Louisiana Publishes its Administrative and Agency Proceedings Instituted Against a License

This publication is Louisiana publishing their intent to implement a new regulation. The purpose of this regulation is to establish procedures for governing the institution of administrative and agency proceedings resulting in administrative action with respect to a license.

Effective:
May 27, 2022

map-marker

California to Remove Non-Uniform Questions Related to Surplus and Special Lines

California is removing Non-Uniform questions related to Surplus and Special lines. This will apply to the individual entity type. A business rule is being added stating the required bond needing to be on file with the state in order for the license request to be approved. The questions to be removed asked about the bonds existence. Effective Date not yet announced.

Effective:
June 06, 2022

map-marker

West Virginia 2022 Company Appointment Renewals

West Virginia announces its company appointment renewal period to be June 6th-August 31st.

Effective:
March 31, 2022

map-marker

New Mexico Securities Division sends reminder on Registered Investment Adviser financial reporting and Annual ADV update

In addition to the basic renewal process and payment of renewal fees, New Mexico is requiring additional filings by March 31st. If the deadline is not met, a suspension and revocation of the license is possible. The form will need to be amended annually. Failure to complete all necessary filings may lead to license suspension and revocation. See the attachment for information on how to file.

Effective:
January 01, 2021

map-marker

Hawaii Announces Changes to Resident Producers Insurance Continuing Education Timelines

Hawaii announces a new timeline for completion of Continued Education courses. All active resident PROs (new or existing) must complete CE credit requirements before their renewal date. Additionally, if a new line of authority is added to a PRO's active license, the licensee must complete all required CE credit hours.

Effective:
March 31, 2022

map-marker

Connecticut MVPD Appraiser Changes

The MVPD Appraiser license will be moved to the non-adjuster license class. All Applicants must apply through the Non-Resident Licensing, Non-Resident Renewals, Non-Resident Licensing No Home State, or Non-Resident Renewal No Home State applications. All other applications will not be accepted.

Effective:
March 01, 2022

map-marker

North Dakota Changes Exam Vendor

North Dakota will use PSI as their exam vendor.

February 24, 2022

Effective:
March 01, 2022

map-marker

North Dakota Exam Provider Changes to PSI Effective 3/1

North Dakota Insurance Department is now contracted with PSI Services LLC (PSI) for the examination program. The goal of this partnership is to provide a process for examination and licensing.

February 24, 2022

Effective:
February 24, 2022

map-marker

map-marker

Changing Insurance Agency Branch Regulations Results of COVID-19 and Work-From-Home Trends

In the wake of the wave of COVID-work-from-home, Texas and Florida have taken different approaches to branch agency regulation.

February 24, 2022

Effective:
February 24, 2022

map-marker

New Mexico adopts ruling regarding Suitability in Annuity Transactions

New Mexico has reviewed the NOPR and the proposed replacement rules. The outcome of the review and proposed changes regarding suitability in annuity transactions are outlined in the state announcement attached in the expanded view.

February 22, 2022

Effective:
June 03, 2022

map-marker

New Jersey Company Renewal Invoices will be Available for Payment

New Jersey announces the company appointment renewal invoices will be available for payment April 1, 2022 to June 3, 2022. The termination deadline is March 26th, 2022. On April 1, NIPR will display the invoice and a list of appointments for renewal.

February 18, 2022

Effective:
February 18, 2022

map-marker

map-marker

map-marker

map-marker

map-marker

map-marker

Regulatory Roundup: National Litigation, California License Terminations

As California purged its roles of terminated resident licenses, Vermont followed suit; Wisconsin installed newly appointed Commissioner Nathan Houdek; and Arkansas announced their pre-licensing updates in this installment of the Regulatory Roundup.

February 17, 2022

Effective:
February 17, 2022

map-marker

Massachusetts Now Using NIPR for Insurance Appointment Process

Massachusetts is joining the states that accept new insurance carrier appointment and termination submissions through the NIPR Gateway, meaning AgentSync users can manage Massachusetts producer processes directly in-system.

February 17, 2022

Effective:
February 17, 2022

map-marker

Maine Announces New Website and Procedural Changes

Maine has introduced a new website. With this introduction, they will no longer be mailing hard copy invoices to certain license prefix types.

February 16, 2022

Effective:
March 25, 2022

map-marker

California – Adding Non-Uniform Questions

California is adding new Non-Uniform (State specific) questions on March 25th, 2022 that will impact initial and renewal applicants for both individual and business entities and residents and non-residents.

February 14, 2022

Effective:
February 14, 2022

map-marker

Mississippi Among States to Make Annuity Best Interest Rules Explicit

As Mississippi joins the states adopting the NAIC's Suitability in Annuity Transaction Model Regulation, this blog explores the nuances of the model and the trend of annuity regulation.

February 11, 2022

Effective:
February 11, 2022

map-marker

Louisiana Provides Guidance Regarding Duties and Restrictions Placed on Public Adjusters

Louisiana outlines guidance for adjusters which includes limiting their authority of assisting insureds in first-party claims to avoid the unauthorized practice of law. Additionally, adjusters responsibilities and legal duties are further outlined.

February 11, 2022

Effective:
March 31, 2022

map-marker

North Carolina Sends a Notice Regarding its Agent Appointment Renewals

For companies with active North Carolina appointments, the bill is now available to be paid via NIPR. This payment is due by March 31st. Companies that do not have active North Carolina appointments will not have an invoice for appointment renewal. North Carolina has posted instructions and FAQs on the website linked.

February 08, 2022

Effective:
February 08, 2022

map-marker

Colorado Releases an Update Related to the Middle Fork Fires

The bulletin informs insurance carriers and affected consumers of the Division of Insurances' position concerning the communication of certain coverage limits for the policy holders that files a claim in response to the fires.

February 07, 2022

Effective:
February 07, 2022

map-marker

Washington Commissioner: Washington State Insurance Market Snapshot

Commissioner Mike Kreidler pens a Commissioners' Corner blog regarding the regulatory environment of Washington, such as the state's priorities of ending credit-scoring rates and fake health care sharing ministries.

February 07, 2022

Effective:
February 28, 2022

NASAA Seeks Securities Industry Input

NASAA is undertaking a job analysis study for series 63, 65, and 66 Examination content. They invite all securities industry professionals to share in their expertise and participate in the survey. This must be completed by Feb 28, 2022 at 8PM EST.

February 07, 2022

Effective:
February 07, 2022

map-marker

Wisconsin Alerts Insurance Agents to the Dangers of Selling Certain Non-Insurance Investment Products

Licensed insurance agents may be targeted to sell unregistered securities to self directed retirement accounts. In some cases, agents may be told that these non-securities products do not need to be sold through a securities broker or a dealer. The selling of these products violate insurance law and put the license at risk.

February 04, 2022

Effective:
February 04, 2022

map-marker

District of Columbia

map-marker

map-marker

map-marker

map-marker

map-marker

Regulatory Roundup: Nonadmitted Insurance

Colorado emergency regulations, Florida's anti-fraud strike team, Louisiana's punishment of a shady insurance professional, Alaska's nonadmitted insurance list, D.C.'s appointment renewals, and Wisconsin's insurance omnibus legislation own the billing for this Regulatory Roundup.

February 04, 2022

Effective:
February 04, 2022

map-marker

California Issues a Reminder to Update Background Information and Report Changes

California requires all licensees (residents and non-residents) to report any changes in background information to CDI within 30 days of learning of the change.

February 03, 2022

Effective:
February 03, 2022

map-marker

Alaska Publishes its List of Surplus Lines Insurers

A list of eligible surplus insurers for the state of Alaska has been published.

January 28, 2022

Effective:
January 28, 2022

map-marker

Oregon Clarifies Their Non-Resident Adjuster CE Requirements

This announcement aims to clarify the previous announcement that all Adjusters renewing their license in January 2022 need to obtain 24 hours of CE. It is made clear that OR is allowing for complete reciprocity with the adjuster's home or designated home state. This approval will happen automatically so there is no need to file for course approval.

January 28, 2022

Effective:
April 01, 2022

map-marker

North Carolina to add Bail Bond License Classes to NIPR for Renewal

North Carolina is to begin offering Bail Bondsman License Classes for Individuals for resident licensing renewals. The licensing fee is $200/license and the renewal processing fee is $76/license.

January 28, 2022

Effective:
January 28, 2022

map-marker

Louisiana Offering a New CE Online Submission Method

Louisiana introduces the LDI Industry Access System (IAS) as the new online method to submit continuing education courses. Through the introduction of a new module, education providers can submit new course filings, submit course renewals, and report repeat course offering schedules for already approved courses.

January 28, 2022

Effective:
February 14, 2022

map-marker

Arkansas finalizes their Pre-license Requirements Pertaining to Adjusters and Producers

Arkansas has finalized the required course of instruction requirements for adjusters and producers.

January 27, 2022

Effective:
January 28, 2022

map-marker

Connecticut Line of Business Update for Risk Retention Group

Connecticut will add the Line of Business assignment of 'None' to the Company license class, Risk Retention Group. The following LOBs will no longer be assigned to the Risk Retention Group license class: Auto Liability (Bodily Injury and Physical Damage), Commercial Multiple Peril, Servicing Existing Business - No New or Renewal Business, and Liability Other than Auto (Bodily Injury and Property Damage. Note the state update for more detail.

January 27, 2022

Effective:
January 27, 2022

map-marker

Mississippi Now Requiring Annuity Training for Both Residents and Non-Residents

Mississippi has updated its CE requirements for residents and non residents. Annuity training is required for both.

January 26, 2022

Effective:
January 26, 2022

map-marker

Connecticut Makes Changes to CE requirements

CT has removed their CE requirement that at least 6 hours are required for each line of authority held at the beginning of the biennium. Additionally, 24 CE hours may be carried from one two year license period to the next.

January 25, 2022

Effective:
January 25, 2022

map-marker

Colorado State DOI Update – Marshal Fire Town Hall FAQS

FAQs about the Marshal Fire aftermath from the Colorado DOI, which the state developed after a series of town hall meetings, were made public to help both landlords and tenants struggling with rental agreements after the fires.

January 25, 2022

Effective:
January 25, 2022

map-marker

Florida has Changed Payment Vendors for the Online Applications and eAppoint Systems

Florida has changed payment vendors for the online application and eAppoint systems. This will result in some payment screens changing in appearance and the option to enter an email to receive payment confirmation.

January 24, 2022

Effective:
March 16, 2022

map-marker

Massachusetts Converts to State Based Systems

Massachusetts will convert to State Based systems on March 16, 2022. This change will impact the Producer Database as well as NIPR Gateway products.

January 24, 2022

Effective:
January 24, 2022