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.
April 28
South Carolina Effective April 28, 2023, South Carolina will no longer offer the lines of authority of Auto Physical Damage and Auto Liability for initial adjuster licenses.
April 30
Connecticut Effective April 3, 2023. Connecticut will update the renewal date for 500,000 + appointments from April 30, 2023 - June 30, 2023.
July 01
Ohio Ohio introduces its 2023 Agent/Agency appointment renewal procedures. See attachment for details
April 03
New Jersey New Jersey provides title search business entity registration procedures. See attachment for full details.
April 03
Wyoming Wyoming sent out a summary of legislative and regulatory updates. See full details on the attached document.
May 11
Missouri Effective May 11, 2023, a new transaction type will be implemented for Missouri to process individual primary name updates.
January 01
Louisiana Effective January 1, 2023, Louisiana revises its Catastrophe Claims Process Disclosure Guide. See attachment for details,.
March 23
Indiana Indiana now requires Pharmacy Benefit Managers to obtain a license. See attachment for full details.
March 24
Maine Effective March 24, 2023, Maine will add a Self Storage Provider/Self Storage license to the PDB for display purposes only.
August 01
Illinois The Illinois DOI has announced a grace period to implement changes made to 50 Illinois Administrative Code 3120, which includes new supervisory requirements for insurers to ensure producer compliance and training requirements for producers selling annuities. Companies are expected to comply by August 1, 2023.
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