Regulatory Updates

Connecticut released details on Appointment Renewal deadlines, costs, and more. The invoice renewal period is May 1st through June 30th, 2022.

Effective April 1, 2022, all filers must submit their annual premium tax, quarterly estimated tax, and annual renewal fees and payments electronically through OPTins. Paper filings will no longer be accepted after this date and penalties will apply. Instructions for submitting tax and fee filings are available at: .

On March 11th, 2022, Washington is to remove "No Authority Required" LOA from license types and adding Property or Casualty Lines of Authority in its place.

Cybersecurity risk has been raised for US critical infrastructure following the Russian attacks on Ukraine. As a result, the State Corporation Commission's Bureau of Insurance prompts each licensee should review Shields Up.

NASAA provides an updated version of the IAR CE Member Adoption list on its website.

This publication is Louisiana publishing their intent to implement a new regulation. The purpose of this regulation is to establish procedures for governing the institution of administrative and agency proceedings resulting in administrative action with respect to a license.

California is removing Non-Uniform questions related to Surplus and Special lines. This will apply to the individual entity type. A business rule is being added stating the required bond needing to be on file with the state in order for the license request to be approved. The questions to be removed asked about the bonds existence. Effective Date not yet announced.

West Virginia announces its company appointment renewal period to be June 6th-August 31st.

In addition to the basic renewal process and payment of renewal fees, New Mexico is requiring additional filings by March 31st. If the deadline is not met, a suspension and revocation of the license is possible. The form will need to be amended annually. Failure to complete all necessary filings may lead to license suspension and revocation. See the attachment for information on how to file.

Hawaii announces a new timeline for completion of Continued Education courses. All active resident PROs (new or existing) must complete CE credit requirements before their renewal date. Additionally, if a new line of authority is added to a PRO's active license, the licensee must complete all required CE credit hours.