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.
August 01
Nebraska Nebraska has announced their 2023 Company Appointment Renewals dates. The Renewal period is May 1, 2023 to July 31st, 2023. The termination deadline for any appointment not to be renewed is April 25th, 2023.
March 10
New York Effective March 10th, 2023, New York removed the Non-Uniform Background Question previously added on January 13, 2023.
April 14
Iowa Effective April 14th, 2023, Iowa will make the Officer/Director field mandatory for all initial Business Entity Applications.
April 14
Missouri Effective April 14, 2023, Missouri will convert existing None LOA descriptions for Surplus Lines and Motor Vehicle Extended Service Contract to match license classes.
April 14
Kentucky Effective April 14, 2023, Kentucky will require the NPN for Appointment and Termination transactions.
May 01
New Jersey New Jersey has released their 2023 appointment renewal dates. Dates for the appointment renewals are 4/1/2023 until 6/5/2023. The termination deadline is 3/27/2023
January 31
New Hampshire New Hampshire has made several updates to their CE requirements.
March 14
Illinois Effective April 14, 2023, Illinois will be offering No Home State for initial licensing and renewals. In addition, Illinois will be adding the following license classes for electronic processing. Portable Electronics Limited Line License Premium Finance Company Third Party Administrator Third Party Prescription Program Employee Leasing Company Viatical Settlement Broker Public Adjuster
February 23
California California announced new coverage codes for Surplus Lines filers. See attachment for details.
February 14
Hawaii As of February 14th, 2023, Hawaii added appointment mapping for Travel and Car Rental for companies that hold Marine and Transportation, and Vehicle.
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