Regulatory Updates

This update is a date change from a previous announcement. CT will now move their MVPD Appraiser license to a non-adjuster license class effective April 15, 2022.

Producers who transact annuity products must now complete a one time, four hour CE credit annuity training course to comply with the insurer's requirements.

North Carolina does not require a renewal fee for Nonresident Licenses IF the producer's Resident License if active. Currently, North Carolina is reviewing and cancelling all nonresident Licenses that do not have an active home state license. Those that do have an active home state license will see the expiration date on their Nonresident Insurance Producer Licenses set to March 31, 2024.

As of March 21, 2022, Hawaii will require all reinstatements (nonrenewals or licenses surrendered within one year of inactivation) to be handled electronically. Checks will not be accepted.

Massachusettes released an update on their conversion to state based systems (SBS). This update includes a list of products that are now available, a business entity number update, an update for Company License Numbers, and when the PDB alerts will be sent. See previous Massachusetts regulatory updates for complete details on this update.

As of January 1, 2022, the appointment fee was reduced from $10 to $7. This change will be reflected starting April 1, 2022, quarterly billing and for anything following this date.

For Alabama 2022 Renewals (specifically pre-need), the invoice renewal period is May 1, 2022 - September 2, 2022.

The invoice renewal period for Nebraska appointment renewals is from April 29, 20224 to August 2, 2022, along with termination deadlines and fees.

South Dakota announces CE change that impacts both Resident and Nonresident License holders. For producers that have a life insurance Line of Authority cannot sell annuities unless the required training courses are completed.

The updates included in MA converting to state based systems will now occur on March 18th from March 16th.