Regulatory Updates

Effective January 4, 2026, Arizona will require Pharmacy Benefit Managers (PBM) to be licensed to operate in the state. General initial and renewal requirements are below.

A person must be licensed to operate as a PBM in Arizona. - Applicants must: - Submit the Director-prescribed certificate of authority application electronically, and pay a fee. - The Department deems the application as filed with the Director when the Department receives a completed application and the required fee. - The Director may require applicants to submit information for principals, principal officers, and individuals responsible for the  conduct of the PBM's activities that discloses: - Biographical information; - Employment and business financial history; - Criminal activity; - Fingerprints, or any other information that relates to the ability to operate as a PBM. - Applicants will have a period to remedy licensure disqualifications. - If the Director determines that an applicant is not qualified for licensure after the overall application time frame is complete, the Director must: provide written notice of the intent to deny the application; and specify the licensure disqualifications. - The applicant has 60 days from the date of the Director's notice to advise the Director that it has remedied the disqualifications. - The Director will deny the application if: - The applicant fails to respond to the Director within 60 days; or - The Director determines that the applicant has failed to remedy the disqualifications. - The application denial is an appealable agency action. - The Department must notify an applicant of: - The approval of the certificate of authority; and - The effective date and expiration date of the certificate. - No paper certificate is required. - Within 30 days of any material modification of the application information, a PBM who holds a certificate of authority issued by the Department must file a Notice of Modification.  The Notice of Modification must be filed in the Director-approved form and manner. - The PBM certificate of authority is a biennial certificate. - If the PBM fails to timely file a complete renewal application and pay the fee, the certificate of authority expires on the last day of the 24th month after the effective date of the initial approval or renewal. - If not timely renewed, a certificate of authority may expire during any suspension or restriction period. - PBMs are subject to the renewal requirements below. - To renew its certificate of authority, a PBM must: - File a renewal application electronically on the - Director-prescribed form; and - Pay the fee on or before the PBM's certificate of authority  expiration. - The Director may require renewal applicants to submit information for principals, principal officers, and individuals responsible  for the conduct of the PBM's activities that discloses: - Biographical information; - Employment and business financial history; - Criminal activity; - Fingerprints; or - Any other information that relates to the ability to operate as a PBM. - The Department deems the renewal application as filed with the Director when the Department receives a completed renewal application and the required fee. - Upon expiration of a certificate of authority that is not timely renewed, a PBM must cease its PBM operations. - A PBM whose certificate of authority has expired must file a new certificate of authority application with the Director.

Posted December 9, 2025, North Carolina announces that the company appointment renewal invoices will be available for payment from February 3, 2026, to March 31, 2026. - The termination deadline is January 22, 2026 - The invoice grace renewal period is from April 1, 2026, to May 14, 2026 Please see the attachment for cost information.

Posted November 24, the California Department of Insurance issued an updated export list, after a public hearing earlier in the year. Please see the attachment for more information

Posted December 2, 2025, Pennsylvania Surplus Lines Association (PSLA) posted it's current 2025 eligible Surplus Lines Insurer List. Please see the attachment for more information

Effective January 1, 2026, the California Department of Insurance removes the requirement to complete 20 hours of prelicensing education for individuals applying for the following Insurance Producers licenses: property, casualty, commercial lines, personal lines, limited line automobile, life, and accident and health or sickness Please see the attachment for more information.

Effective January 9, 2026, Maine will add a new license class for Producer Database display. The Temporary Apprentice license class will be for individuals only. The lines of authority for this license class are:

- Casualty - Credit - Health - Personal Lines - Property - Title Please see the attachment for more information.

Effective January 1, 2026, Alaska's Omnibus Insurance Bill will take effect. This bill changes the following license classes to line up with national uniformity: - Pharmacy Benefits Managers (PBMs) - Third-Party Administrators (TPAs) - Independent Adjusters - Designated Home States Please see the attachment for more information.

Effective January 1, 2026, Vermont will be updating the non-resident retaliatory fees for Delaware residents. These new fees range from an extra $5 to $25, depending on the license class. The following initial licenses will be listed at $155.00 for an initial license. - Insurance Producer - Limited Lines Producer - Auto Physical Damage - Title Agent - Adjuster - Producer Business Entity The following renewal license classes will now be $125.00 - Insurance Producer - Limited Lines Producer - Auto Physical Damage - Title Agent - Adjuster - Producer Business Entity

Posted November 20, 2025, New York added a new company 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.

Effective January 9, 2026, Alaska will update:  - Existing Lines of Authority description - Health -> Accident & Health or Sickness - Rules for allowed Designated Responsible Producer/Person entered on applications - Fees for  - Pharmacy Benefit Manager (Initial, Reinstatement, and Renewals) - $300.00 -> $2000.00 - Third-Party Administrator (Initial, Reinstatement, and Renewals) - $300.00 -> $20000.00 All electronic processing of applications for Alaska will be turned off starting January 8, 2026, at 4 PM Central Time. Processing is expected to resume on January 9, 2026, at approximately 12:00 PM Central Time. Any applications submitted during this timeframe will be declined.