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.
May 04th , 2022
Effective:
May 04th , 2022
May 04
Wisconsin
Wisconsin Shares Changes to their Annuity Training Requirements
Vermont outlines some changes to how one may satisfy annuity continued education requirements in Vermont.
Effective
May 04th , 2022
Effective:
May 27th , 2022
May 27
California
Updates to California Converts to PLMA Standards
The conversion to PLMA standards is now to take effect on May 27th. Appointments and terminations applications will be turned off on May 20, 2022, at 6:00 pm central. See the original post for more details on the impact of this conversion.
Effective
May 03rd , 2022
Effective:
May 27th , 2022
May 27
California
Update to California Converts to PLMA Standards
This update calls out that with this conversion, specific licenses and license qualifications will be converted to comply with PLMA standards. Current licenses will become inactive on May 27, 2022 and new license types will be added to the record.
Released
May 01st , 2022
Effective:
May 01st , 2022
May 01
Tennessee
Tennessee Updates License Qualifications
Additional language was added to determine if one qualifies for licensing. In summary, the language outlines that if an offense occurs 10 days or more from the license application date, they will not be considered.
Effective
April 29th , 2022
Effective:
May 02nd , 2022
May 02
Minnesota
Minnesota Reduces Technology Surcharge Fee
Effective May 2, 2022, The technology surcharge fee is to be reduced from $20 to $15 for producer license applications, renewals, and reinstatements.
Effective
April 28th , 2022
Effective:
January 01st , 2022
January 01
Maine
Maine Requiring Pet Insurance Training
On January 1, 2023, Maine will require Pet insurance carriers to provide training to both residents and nonresidents.
Released
April 27th , 2022
Effective:
May 16th , 2022
May 16
Vermont
Vermont Announces Departure of DFR Commissioner Mike Pieciak
Effective May 16, DFR Commissioner Mike Pieciak will be pursuing new opportunities. In the interim, Deputy Commissioner Kevin Gaffney will serve in this role.
Effective
April 25th , 2022
Effective:
April 25th , 2022
April 25
Michigan
Michigan Launches a New Website
The Michigan Department of Insurance and Financial Services announces a new website aims to give end users a new, modern experience. This website will continue to provide resources and assistance to consumers and licensees.
Effective
April 25th , 2022
Effective:
April 25th , 2022
April 25
N/A
Update to NIPR Transaction Assistant
NIPR announced that a new version of Transaction Assistant WSDL is available for download. This does not require clients to make changes to their projects.
Effective
April 22nd , 2022
Effective:
June 30th , 2022
June 30
Vermont
Vermont 2022 Company Appointment Renewal Dates
The Company appointment renewal period is June 3, 2022 - June 30, 2022.
Effective
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Disclaimer - AgentSync does not warrant to the completeness or accuracy of the information provided in this database. You are responsible for ensuring the accuracy and totality of all representations, assumptions, information and data provided by AgentSync to you in this database. The information in this database should not be construed as legal, financial, or other professional advice, and AgentSync is not responsible for any harm you sustain by relying on the information provided herein. You acknowledge and agree that the use of this information is at your own risk. You should always consult with the applicable state and federal regulatory authority to confirm the accuracy of any of the information provided in this database.
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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).