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.
March 31
Connecticut The MVPD Appraiser license will be moved to the non-adjuster license class. All Applicants must apply through the Nonresident Licensing, Nonresident Renewals, Nonresident Licensing No Home State, or Nonresident Renewal No Home State applications. All other applications will not be accepted.
March 01
North Dakota North Dakota will use PSI as their exam vendor.
March 01
North Dakota North Dakota Insurance Department is now contracted with PSI Services LLC (PSI) for the examination program. The goal of this partnership is to provide a process for examination and licensing.
February 24
New Mexico New Mexico has reviewed the NOPR and the proposed replacement rules. The outcome of the review and proposed changes regarding suitability in annuity transactions are outlined in the state announcement attached in the expanded view.
June 03
New Jersey New Jersey announces the company appointment renewal invoices will be available for payment April 1, 2022 to June 3, 2022. The termination deadline is March 26th, 2022. On April 1, NIPR will display the invoice and a list of appointments for renewal.
February 17
Maine Maine has introduced a new website. With this introduction, they will no longer be mailing hard copy invoices to certain license prefix types.
March 25
California California is adding new Non-Uniform (State-specific) questions on March 25th, 2022 that will impact initial and renewal applicants for both individual and business entities and residents and nonresidents.
February 11
Louisiana Louisiana outlines guidance for adjusters which includes limiting their authority of assisting insureds in first-party claims to avoid the unauthorized practice of law. Additionally, adjusters responsibilities and legal duties are further outlined.
March 31
North Carolina For companies with active North Carolina appointments, the bill is now available to be paid via NIPR. This payment is due by March 31st. Companies that do not have active North Carolina appointments will not have an invoice for appointment renewal. North Carolina has posted instructions and FAQs on the website linked.
February 08
Colorado The bulletin informs insurance carriers and affected consumers of the Division of Insurances' position concerning the communication of certain coverage limits for the policy holders that files a claim in response to the fires.
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