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.
July 01
Pennsylvania The charges are as follows: Examiner trainee ($667), Administrative Officer ($874), Examiner 1 ($784), Examiner 2 ($926), and Division Chief ($1,013). These will come into effect on July 1, 2022.
June 24
Washington Washington announces that it is one of the 16 states, plus D.C. that will continue to grant access to abortions and insurance coverage for abortions.
June 01
Effective June 1, 2024, NIPR will be retiring the company specialized report (CSR) that some carriers have been using to check licenses. They feel this product no longer meets industry compliance needs.
August 01
Louisiana The definition of an "agency title insurance producer" or "agency producer" refers to a business entity appointed to represent a title insurer that has a physical address in Louisiana AND as of August 1, 2022 will also have to designate a resident individual producer that is licensed for the LOA title as the person holding responsibility to remain in compliance.
June 24
California California has shared information on how California law protects insurance coverage for abortion. They have made it clear that they protect reproduction freedom and insurance coverage for abortion and that defending people's right to healthcare is a top priority.
June 24
Connecticut Connecticut announces that they will "continue to ensure every Connecticut citizen has access to safe and appropriate health care." They also noted that if their healthcare plan includes abortion coverage, the coverage will be maintained.
June 24
California California released their surplus lines export list. They noted that, after review, the list has not changed.
July 15
Pennsylvania This update is announcing that the Non-Uniform question will come into effect on July 15, 2022. Previously this was set to June 24, 2022.
June 22
Louisiana Effective August 1st, 2022, the verbiage for Self Storage Agents stating that a notice and hearing must occur before certain Commissioner actions. Additionally, an aggrieved party may now demand a hearing for both Self-Storage Agents and Portable Electronics Vendors.
June 22
South Carolina This playbook is meant to help securities professionals better prepare for upcoming changes to the securities industry CE program.
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