Regulatory Updates

In November 2021, Florida began adjusting firms. These licenses are yet to be displayed in the PDB.

May 12, 2022, California will be converting existing Producer license class descriptions to meet PLMA standards. This will impact licensing, termination, and renewals for both residents and nonresidents, entities and individuals.

Utah's Department of Insurance is changing location to the Taylorsville State Office Building.

Beginning July 1st, any person or entity that is selling, soliciting, or negotiating insurance without a license will be subject to a new tiered schedule. The schedule goes as followed: 1st policy = $100, 2nd policy = $500, 3rd policy = $1,000, 4th Policy = $1,500, 5th Policy = $2,000, and 6th Policy and up will be $5,000 each.

On April 1, 2022, Virginia will be determining if a license is eligible for a late renewal or reinstatement by the authority status date for that producer. A licensee may have a late renewal or submission of a reinstatement on both their resident and nonresident license for up to one year after the LOA status date.

On January 1, 2021, Georgia changed their tax filing and payment process. The date for affidavits and payments is 45 days after the end of the calendar quarter. The date this is due will be based on when the policy premium transaction was received.

Effective July 1, 2022, South Dakota has added language to allow producers holding other lines of authority to sell travel and does not require a P&C producer to be appointed.

On March 11, 2022, Washington released an update on the "No Authority Required" LOA assignment being removed from Washington Adjuster license classes: Independent Adjuster, Public Adjuster, and Crop Adjuster. They released an update that noted this will now impact both individual and firm entity types.

Some appointments were wrongly added when Massachusetts converted to state based systems. These appointments will be deleted on March 30th.

Effective today, Colorado is removing the Attorney Title line of authority. This offering is available for resident and Nonresident license applications.