Regulatory Updates

Posted January 7, 2026, New York added nine new companies to the list of Excess & Surplus lines (E&S) insurers, maintained by the Excess Line Association of New York (ELANY). Please see the attachment for more information.

Posted January 5, 2026, Missouri posted a bulletin to inform and educate the public on the “Insurance Data Security Act”. Effective January 1, 2026. This act requires a licensee to notify the Director that a cybersecurity event has occurred. Please see the following attachment for more information. 

Effective March 2, 2026, North Dakota company appointment renewal invoices will be available for payment electronically through April 30, 2026. The termination deadline is February 20, 2026. Fee per Appointment - $25.00 Please see the attachment for more information. 

Posted January 6, 2026, Idaho sent out a reminder of their Continuing Education new submission requirements. For more information, please see the attachment below, or use the following link.

Posted January 6, New York excess line brokers may file "ZERO" premium tax statements through the DFS portal if they meet ALL of the following criteria: - No surplus lines business was written in New York for the year 2025; - No transactions were reported to Excess Line Association of New York (ELANY) for any endorsements/cancellations; and - No premium taxes or credits are due for 2025 and prior years. Please see the attachment for more information.

Posted January 1, 2026, Pennsylvania posted a reminder that all surplus lines licensees (resident and non-resident) licensed are reminded to file and remit the collected gross premium surplus lines tax for the preceding calendar year. The surplus lines tax levied by the Commonwealth of Pennsylvania is three percent (3%) of taxable gross premiums, less any return premium for insurance placed with either an eligible surplus lines insurer or other non-admitted insurer. Tax payments of less than $1,000 may be mailed to the Pennsylvania Department of Revenue. However, tax payments of $1,000 or more MUST be made electronically. Please see the attachment for more information.

Effective February 2, 20256, Hawaii will implement OPTins for authorized captive insurance to electronically file their state premium tax statement and make electronic payments. Please see the attachment for more information.

Effective February 1, 2026, Wyoming company appointment renewal invoices will be available for payment through March 31, 2026.

The last day to terminate an appointment is January 31, 2026. Please see the attachment for more information. 

Effective June 18, 2026, New York will be updating wording around general requirements to obtain a limited license for residents and nonresidents. - To obtain a rental vehicle company, peer-to-peer car sharing program administrator, wireless communications equipment vendor, or self-service storage company limited license, an applicant must: - A limited licensee must not advertise, represent, or hold itself out as a licensed insurance agent or broker.  This restriction also applies to the licensee's employees. - At every location where rental vehicle, wireless communication equipment, or self-service storage agreements are executed, written materials must be readily available to the consumer, and with regard to a peer-to-peer car sharing program administrator, the administrator must provide written materials that: - Clearly summarize the material terms of coverage;  - Identify the insurer; - If wireless communications equipment insurance, identify the licensed agent;  - Disclose that these policies may duplicate coverage already provided under the renter's auto, homeowner's, personal liability insurance, or other source of coverage; - State that purchase of the insurance is not required;  - Describe the claim-filing process;  - Contain any other information on price, benefits, exclusions, conditions, or other limitations as required by the Superintendent;  - Disclose that employees at the location are not qualified or authorized to evaluate the adequacy of the purchaser's existing coverage, unless otherwise licensed; and  - State that the insurance may be cancelled at any time and any unearned premium will be refunded in compliance with applicable law. - A limited licensee must comply with all other licensing provisions.  However, a limited licensee need not treat premiums from renters in a fiduciary capacity if: premiums from renting motor vehicles, sharing a shared vehicle, purchasing or leasing wireless communications equipment, or renting storage space in a fiduciary capacity if:  - The insurer consents in writing that premiums need not be segregated from the money received for vehicle rental, peer-to-peer car sharing, storage space rental, or wireless communication equipment rental or purchase; and  - The charges for insurance are itemized but not billed separately from the charges for vehicle rental, shared vehicles, storage space rental, or wireless communication equipment purchase or lease. For more information, please use the following link 

Effective January 7, 2026, Virginia will display on the Producer Database the license class of Pharmacy Benefits Manager.