Regulatory Updates

On April 15, 2022, Kansas will update about 19,000 business entity licenses. The licenses impacted have a first active date prior to January 1, 2022. The change will update their existing license number to match their National Producer Number.

The change in fees will take into effect on January 1, 2023.

This update is a date change from a previous announcement. Connecticut will now move their MVPD Appraiser license to a non-adjuster license class effective April 22, 2022. Originally, this change was set for April 15, 2022

On April 14, 2022, North Carolina will update expiration dates on nonresident Insurance Producer licenses that currently have an expiration date on March 31, 2023. The expiration date will now read March 31, 2024.

In the event of a catastrophe the following procedure will need to be followed for motor vehicle appraisers.

Arkansas announces that the renewal period is between June 1, 2022 - June 30, 2022.

Alabama has deleted the travel insurance license requirement.

On July 1st, 2022, Nevada will email the Annual Appointment Renewal Invoice and the Details Appointment List to all insurers.

All appointments that are active on June 30, 2022 will be automatically renewed on July 1, 2022. An invoice will then be sent to that company in August. If you would like to terminate an appointment, complete the termination prior to June 30th.

This is in response to other states creating commission structures based on the metal tier of health care plan sold. Incentivizing the sales of certain plans to minimize carrier risk is a violation of the law. Currently, there are no known commission structures of this sort in New Mexico. This warning is for awareness that a $10,000 penalty will be issued per violation.