Regulatory Updates

Effective date is yet to be announced, but Mississippi is converting the Insurance Producer with a Travel LOA to a license class of Limited Lines Travel. A Limited Lines business entity must provide one DRLP that is actively licensed as a Limited Lines Travel Insurance Producer, or Producer with Property and Casualty or Personal Lines.

Effective immediately, it is required that a person who wishes to employ a convicted felon a completed "Request forConsent or a Waiver Pursuant to La. R.S. 22:1554(A)(18)" form electronically at producerlicensing@ldi.la.gov.

On May 27, 2022, a disaster declaration was issued in response to the Robb Elementary School shooting and tragedy. In response, the governor authorized the use of all available state and local government resources to cope with the disaster. The Texas Department of Insurance encourages health benefit plans to consider covering and reimbursing for mental health services and authorize payment to pharmacies for up to a 90-day supply of prescription medications regardless of last fill date.

Effective June 3, 2022, the prelicense education requirements for producer or consultant license applicants for lines of Life, Accident & Health or Sickness, Property, Casualty, Personal Lines, and Title are no longer required.

Producers with a Life line of authority on December 31, 2022, and wish to sell annuities will be required to complete a training course no later than 7/1/23. This training must be a four hour course, or a 1-time, 1-credit course. If the license is obtained on or after January 1, 2023, is not eligible to sell until the course work is complete. The course title is "Best Interest Standards of Conduct for Annuity Sales".

Individuals Requesting a pre-licensure criminal history determination under the Fresh Start Act is required to complete their request via an acceptable form. The Division or licensing board will reveal the determination within 30 days of the board meeting and no later than 4 months after the request has been submitted.

Effective June 16, 2022, North Carolina will be adding a new non uniform question for Resident Licensing and Resident Licensing Renewals that will apply for Professional Bondsman, Surety Bondsman, and Bail Bond Runner.

The Wyoming Department of Insurance has observed that some producers and insurers are not fully aware of their rights and responsibilities. As a result, they are looking to clarify the requirements.

Effective June 8, 2022, both Resident and Nonresident Individual and Business Entity licenses that had an expiration date of 3/31/22 and have not paid the annual renewal fee will be updated to have the status "Nonpayment". To get a new license, one must reapply starting June 9, 2022.

Effective July 18, 2022, a reinstatement period will be added for resident producer and producer firm individuals. One will have up to one year post expiration date to reinstate their license. After this, the applicant must reapply.