Regulatory Updates

This change impacts both existing resident and nonresident producers. Those that complete an annuity training by January 1, 2023, must also complete a new Annuity Best Interest four credit class or an additional 1-time, 1-credit course prior to July 1, 2023. New producers after January 1, 2023 must take the four credit course.

Please see the attached document for NY(Elany's)updated list of E&S Insurers.

The South Carolina renewal period is Sep 1 - 30. The Late Renewal Periods is Oct 1 - Dec 1, and the Termination Deadline is Aug. 26th.

Effective immediately, WV has made changes to their surplus lines export list to include 'hershare' and gun ranges. 

The document contains renewal information, fees, membership details, and other important licensing information.

Effective October 1, 2022, Maryland will allow a qualified surplus lines broker to charge a reasonable policy fee on a policy issued by a surplus lines insurer to an exempt commercial policyholder. See attached Bulletin

Rhode Island added conditions to which a Resident or Nonresident may obtain an Adjuster License, and bypass the written examination effective January 1, 2023.

Effective July 8, 2022, Utah began to offer a limited line license for producers to sell Pet Insurance. This was previously under the umbrella of the Property line of authority.

New Hamsphire has listed updates to the following: Fees, General requirements for an organization nonresident license, Discount Medical Plan Organizations requirements, and license renewal and causes for license revocation and surrender.

Designated Home State (DHS) is ONLY acceptable when there is no home state license offered by their state. If the state of a staff adjuster that does not require staff adjuster licensing offers independent adjuster licensing and allows staff adjusters to obtain this license, the adjuster must obtain the independent adjuster license. Also, one cannot have a DHS license in a different state when they are applying for a WY DHS license.