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.

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March 26th, 2024
Effective:
March 26th, 2024
map-marker Georgia
Georgia Announces Changes to Continuing Education Requirements
Georgia announced changes to continuing education requirements. See attachment for full details.
Effective
March 20th, 2024
Effective:
May 01st, 2024
map-marker Nebraska
Nebraska Announces Appointment Renewal Dates for 2024
Effective May 01, 2024, Nebraska company appointment renewal invoices will be available for payment through July 31, 2024.  The Renewal period is May 1, 2024 to July 31st, 2024. The termination deadline for any appointment not to be renewed is April 25th, 2024.
Pending
March 18th, 2024
Effective:
July 01st, 2024
map-marker Indiana
Indiana Adding Annuity Training Requirements
Effective July 1, 2024, Indiana is adding specific training requirements that will apply to resident and non resident annuity producers.
March 18th, 2024
Effective:
March 17th, 2024
map-marker Guam
Guam Assigns New Company Numbers
Effective March 18, 2024, Guam has assigned all active companies a new Guam Company Number. The new Company Number can be looked up using the “Lookup Button” on the SBS website or see attached Company List. NAIC Company Number (NAIC CoCode) remains the same. The Producer Database was updated Sunday, March 17, 2024 Central (Monday, March 18, 2024 CHST).  For more information on company number changes, please see the attached GU Implementation Flyer.  
March 15th, 2024
Effective:
April 15th, 2024
map-marker Connecticut
Connecticut Announces 2024 Appointment Renewal Dates
Connecticut has announced 2024 Appointment Renewal Dates. See attached
March 13th, 2024
Effective:
April 12th, 2024
map-marker Wisconsin
Wisconsin Update to Risk Purchasing Group and Rate Service Organization Company Types
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, Non-Resident Licensing, and Non-Resident Licensing Renewals, and it will be applicable exclusively to business entities.
Pending
March 12th, 2024
Effective:
March 12th, 2024
map-marker Wyoming
Wyoming Issues Notice Regarding TPA Renewals
On March 12, 2024, Wyoming issued a notice regarding renewal required documentation and updated renewal date for TPA licenses. See attachment. 
Effective
March 11th, 2024
Effective:
April 12th, 2024
map-marker Georgia
Georgia Changes to Reinstatement Rules
Effective 04/12/2024, Georgia will no longer allow applicants with the status of Suspended for Education to reinstate through NIPR. The applications affected by this change will be Resident Licensing and Resident Licensing Renewals. 
Pending
March 08th, 2024
Effective:
April 12th, 2024
map-marker Mississippi
Mississippi Updating Appointment and Termination Backdating Rules
Effective April 12, 2024, Mississippi will update their Appointment and Termination business rules to allow backdating of the effective date up to 15 days for Appointments and 30 days for Terminations. Previously, the effective date was the date the transaction was processed.
Pending
March 07th, 2024
Effective:
March 07th, 2024
N/A
NASAA Releases 2024 IAR CE Handbook
NASAA’s IAR CE Committee has released the 2024 IAR CE Handbook. The handbook updates are intended to streamline navigation and do not consist of substantial material changes. Additionally, the updates regarding live events were added to the handbook and mirror the notification providers received in 2023.
Effective
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