Regulatory Updates

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.

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.

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.

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.

NASAA is undertaking a job analysis study for series 63, 65, and 66 Examination content. They invite all securities industry professionals to share in their expertise and participate in the survey. This must be completed by Feb 28, 2022 at 8PM EST.

Licensed insurance agents may be targeted to sell unregistered securities to self directed retirement accounts. In some cases, agents may be told that these non-securities products do not need to be sold through a securities broker or a dealer. The selling of these products violate insurance law and put the license at risk.

California requires all licensees (residents and nonresidents) to report any changes in background information to CDI within 30 days of learning of the change.

A list of eligible surplus insurers for the state of Alaska has been published.

This announcement aims to clarify the previous announcement that all Adjusters renewing their license in January 2022 need to obtain 24 hours of CE. It is made clear that OR is allowing for complete reciprocity with the adjuster's home or designated home state. This approval will happen automatically so there is no need to file for course approval.

North Carolina is to begin offering Bail Bondsman License Classes for Individuals for resident licensing renewals. The licensing fee is $200/license and the renewal processing fee is $76/license.