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.
June 24
Utah Effective June 24, 2025, Utah Insurance Department updated a previous rule to prohibit the dual licensing of an individual title licensee. Please see the attachment for more information
June 26
Louisiana Posted June 23, 2025, Louisiana posted a bulletin providing notice of intent to enhance Regulation 120 to allow for regulatory actions to be sent to the licensee via electronic means. Electronic means being: Email, web portal, or other electronic mechanism for communication from the Department of Insurance. Please see the attachment for more information.
July 29
New Mexico Effective July 29, 2025, New Mexico is asking for comments on a proposed bulletin regarding continuing education requirements - https://www.law.cornell.edu/regulations/new-mexico/N-M-Admin-Code-SS-13.10.34.24. Please see the attachment/link for more information.
July 01
Colorado Update August 27, 2025: The Colorado Division of Insurance has adopted these changes. Please see the attachment for more information. Effective July 1, 2025, the Colorado Division of Insurance is asking for comments on a proposed bulletin regarding licensing and registration for Pharmacy Benefit Managers. Please see the attachment for more information.
August 01
Louisiana Effective August 1, 2025, Louisiana amends the CE requirements for the following license classes: Producers, Consultants, Claims Adjusters, and Public Adjusters. For more information about the changes, please use the following link and the attached document.
June 26
California June 24, 2025, California posted a bulletin reminding that California law requires surplus line broker business entities to have at least one individually licensed surplus line broker named to the business entity license. Please see the attachment for more information.
July 01
Utah Effective July 1, 2025, Utah will be updating the Fingerprint Fee from $27.00 to $32.00 for resident individual licensing on the following license classes: - Consultant - Independent Adjuster - Limited Line Producer - Managing General Agent - Producer Individual - Public Adjuster - Reinsurance Intermediary - Surplus Lines Producer - Third Party Administrator
March 24
Virginia Effective March 24, 2025, Virginia amended the process for appointing and terminating insurance agents and agencies by insurers. Please use the link as follows for more information.
June 16
New Mexico Effective June 16, 2025, New Mexico has declared a disaster due to the Trout Fire in southwest New Mexico. The Department of Licensing is asking any adjuster deployed to New Mexico to please submit their application and email Agents.Licensing@osi.nm.gov to advise the nature of the application for expedited processing.
Please see the attachment for more information.
June 13
Florida Posted June 13, 2025, Florida eliminated the ‘diligent effort’ requirement. Diligent effort is defined as 'seeking coverage from and having been rejected by at least three authorized insurers currently writing this type of coverage, and documenting these rejections.
Please see the attachment for more information.
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