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.
January 28th , 2022
Effective:
February 14th , 2022
February 14
Arkansas
Arkansas finalizes their Pre-license Requirements Pertaining to Adjusters and Producers
Arkansas has finalized the required course of instruction requirements for adjusters and producers.
Effective
January 27th , 2022
Effective:
January 28th , 2022
January 28
Connecticut
Connecticut Line of Business Update for Risk Retention Group
Connecticut will add the Line of Business assignment of 'None' to the Company license class, Risk Retention Group. The following LOBs will no longer be assigned to the Risk Retention Group license class: Auto Liability (Bodily Injury and Physical Damage), Commercial Multiple Peril, Servicing Existing Business - No New or Renewal Business, and Liability Other than Auto (Bodily Injury and Property Damage. Note the state update for more detail.
Effective
January 27th , 2022
Effective:
January 27th , 2022
January 27
Mississippi
Mississippi Now Requiring Annuity Training for Both Residents and Nonresidents
Mississippi has updated its CE requirements for residents and nonresidents. Annuity training is required for both.
Effective
January 26th , 2022
Effective:
January 26th , 2022
January 26
Connecticut
Connecticut Makes Changes to CE requirements
Connecticut has removed their CE requirement that at least 6 hours are required for each line of authority held at the beginning of the biennium. Additionally, 24 CE hours may be carried from one two year license period to the next.
Released
January 25th , 2022
Effective:
January 25th , 2022
January 25
Florida
Florida has Changed Payment Vendors for the Online Applications and eAppoint Systems
Florida has changed payment vendors for the online application and eAppoint systems. This will result in some payment screens changing in appearance and the option to enter an email to receive payment confirmation.
Effective
January 24th , 2022
Effective:
March 16th , 2022
March 16
Massachusetts
Massachusetts Converts to State Based Systems
Massachusetts will convert to State Based systems on March 16, 2022. This change will impact the Producer Database as well as NIPR Gateway products.
Released
January 24th , 2022
Effective:
August 01st , 2022
August 01
Louisiana
Louisiana Update to their Information Security Program
Louisiana originally issued information regarding the Security Program of the Insurance Data Security Law on June 3, 2001. This announcement provides updated guidance on the standards applicable to licensees relative to data security.
Effective
January 22nd , 2022
Effective:
January 22nd , 2022
January 22
Pennsylvania
Pennsylvania Issues Eligible Surplus List
Effective immediately, the list contains all eligible surplus lines insurers.
Effective
January 21st , 2022
Effective:
January 21st , 2022
January 21
Kansas
Kansas Adding Missing Appointment Records
NIPR is reporting that 150,000 Appointment records (active and terminated) were missing from the Producer Database as a result of a migration issue. This will be corrected tonight.
Effective
January 21st , 2022
Effective:
March 01st , 2022
March 01
Virginia
Virginia Reinstatement Fees to Initial Applications
Virginia will charge a reinstatement fee for an LOA if the license associated was already renewed and the LOA was within a year of its expiration date.
Effective
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analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).