Regulatory Updates

Posted July 03, 2025, New York has removed a company from 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 August 15, 2025, Puerto Rico will start displaying Third Party Administrator license classes on the Producer Database and will allow electronic application submissions for initial and renewal applications as a resident and nonresident.  Puerto Rico will also be updating the contact email address for Puerto Rico to regulado@ocs.pr.gov

Effective July 3, 2025, Kansas will update over a million appointment records, removing the expiration date on file. Kansas Appointment records will remain active/appointed until terminated.

Effective September 1, 2025, Arizona will be transitioning to PSI Services LLC (PSI) as the new vendor for administering pre-licensing examinations and Continuing Education (CE) for insurance professionals in Arizona. Please see the attachment for more information.

Idaho releases its July newsletter. Some highlights are:

Property Insurance Market Data Call - Most companies have submitted the required data per Bulletin 25-02. This bulletin was made to inform that the Department of Insurance (DOI) is collecting detailed policy and claims information to conduct an analysis of the property insurance market within Idaho, specifically as it relates to wildfire. This data will enhance the Department’s understanding of affordability, availability, market dynamics, and insurer exposures, enabling the DOI to fulfill its statutory obligations to regulate the insurance industry and protect consumers. - The DOI aims to analyze and verify data within 30 days, targeting final results by August 2025. Licensing - Insurance licensing exams in Spanish to begin August 1, 2025.

Effective October 1, 2025, the Florida Surplus Lines Service Office (FSLSO) will implement enhancements to the SLIP+ system. One notable change is the ability to designate a policy as exempt. Please see the attachment for more information.

Posted June 29, 2025, Oklahoma revised bulletin 2024-10 regarding the Insurance Data Security Act. amended this section to be in alignment with the NAIC model law and clarified that submission of this report shall be to the licensee’s board of directors and not to the Insurance Commissioner. 

The first submission deadline is July 1, 2025; Licensees with boards of directors shall submit the annual report to their board of directors and, upon doing so, shall be deemed by the Oklahoma Insurance Department to comply with the requirements of this subsection. The Commissioner is not prescribing a form for this report. Licensees may develop an annual report format that best meets their business needs.

Effective July 13, 2025, Alaska enacted new regulations regarding license class Pharmacy Benefit Managers. These regulation changes set: Operation, Registration, Penalties, and other conforming changes for the license class. Please see the attachments for more information. 

Posted July 1, 2025, the Florida Surplus Lines Service Office (FSLSO) posted June’s edition of The Wire. Highlights include: - Updating the Disclosure Form - Law was signed officially eliminating the "diligent effort" requirement for agents placing surplus lines insurance in Florida - Reminder of 30-Day Filing Requirement - All premium-bearing policy transactions placed with a surplus lines insurer, taxable or non-taxable, **must **be electronically submitted to FSLSO via SLIP+ or Batch within 30 days of the transaction’s effective date. - The Florida Surplus Lines Association (FSLA) has launched an online portal to help Floridians find the available initiatives and resources that support risk mitigation. - Surplus Lines Insurer Updates Can read more using the link below.

Effective September 11, 2025, Iowa will begin accepting electronic applications for Appraiser and Umpire licenses to be processed as Designated Home State (DHS) Adjuster initial and renewal applications.