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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December 09th, 2024
Effective:
January 01st, 2025
map-marker South Dakota
South Dakota Continuing Education Changes
Effective January 1, 2025, South Dakota adjusted two rules affecting continuing education: Please see the attachment for more information.
Pending
December 09th, 2024
Effective:
January 01st, 2025
map-marker California
California Resident and Nonresident Four-hour Annuity Training Requirement
Effective January 1, 2025, California will require resident and nonresident licensees to complete the four-hour annuity training requirement. This requirement shall be part of, and not in addition to, the California resident licensee's continuing education requirement. Please see the attachment for more information as well as the links below.  - [Resident](https://www.insurance.ca.gov/0200-industry/0050-renew-license/0400-resident-materials/index.cfm) - [Nonresident](https://www.insurance.ca.gov/0200-industry/0100-education-provider/non-resident-provider-training-materials.cfm)
Pending
December 09th, 2024
Effective:
January 01st, 2025
map-marker Colorado
Colorado Will Be Transitioning To The SLIP Platform
Effective January 1, 2025, Colorado will be transitioning to the SLIP platform. All policies, and endorsements on policies for Surplus Lines premium taxes shall be reported to the Colorado Division of Insurance using the SLIP platform:  [SLIP](https://www.slasclearinghouse.com/) Policies, or endorsements on policies effective before January 1, 2025, should continue to be reported to the Colorado Division of Insurance using the Colorado Surplus Lines Tax System. [Colorado Surplus Lines Tax System](https://doi.colorado.gov/insurance-industry/producers/agents/surplus-lines-information-for-agents/agencies/producers/brokers) Please see the attachment for more information.
Pending
December 09th, 2024
Effective:
December 09th, 2024
map-marker Utah
Utah Provides Guidance For Suitability In Annuity Transactions
Posted December 5, 2024, Utah Insurance Department issued a bulletin to provide guidance and reinforce the requirements for suitability in annuity transactions. Please see the attachment for more information. The state clarified the following sections:
Effective
December 04th, 2024
Effective:
December 03rd, 2024
map-marker New Mexico
New Mexico Regulation and Licensing Department Securities Division Issues Order for Authorization of Remote Audits
Effective December 3, 2024, New Mexico Securities Division authorizes for the year of 2025, that Brokers / Dealers can conduct audits of single-agent branch offices remotely. This shall remain in effect until December 31, 2025, unless extended or rescinded. Please see the attachment for more information.  To conduct an audit of single-agent branch offices remotely, the following conditions must be met:
Effective
December 04th, 2024
Effective:
January 09th, 2025
map-marker Nebraska
Nebraska Updating LOA Descriptions
Effective January 9th, 2025, Nebraska will update the following license classes Lines of Authority (LOA) descriptions: Insurance Producer, Producer Temporary, and Apprentice Temporary Insurance Producer The new LOA descriptions will be available for display and offered for applications electronically.
Pending
December 03rd, 2024
Effective:
December 13th, 2024
map-marker Washington
Washington Will Start Processing Business Entity Address Change Electronically
Effective December 13, 2024, Washington will allow Business Entities to process address change updates electronically. Additionally, existing individual address change processing rules will be updated.
Pending
December 03rd, 2024
Effective:
January 01st, 2025
map-marker Alaska
Alaska Fingerprinting Fee Reduction
Effective January 1, 2025, Alaska will reduce the current fingerprint fees for a resident individual application. Current Fingerprint Fee - $48.25  New Fingerprint Fee - $47.00 Please click below to see the list of license classes impacted
Pending
December 03rd, 2024
Effective:
December 03rd, 2024
map-marker New Hampshire
New Hampshire to Implement New Transaction Types to Process DRLP Changes
November 15, 2024, New Hampshire will implement new transaction types to process designated responsible licensed producers (DRLP).
Pending
December 03rd, 2024
Effective:
January 15th, 2025
map-marker Ohio
Ohio Annual Title Filings
On December 2, 2024, Ohio posted a notification reminding licensed Ohio title agents and agencies, or their authorized representatives that they must file an annual title agent/agency review. Annual Filings for the 2024 filing period (September 1, 2023 - August 31, 2024) are due by January 15, 2025.   Instructions can be found using the link below [Annual Title Instructions](https://insurance.ohio.gov/agents-and-agencies/agent-licensing/resources/annual-title-filing-instructions)
Pending
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effective
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This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).

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