Regulatory Updates

Additional language was added to determine if one qualifies for licensing. In summary, the language outlines that if an offense occurs 10 days or more from the license application date, they will not be considered.

Effective May 2, 2022, The technology surcharge fee is to be reduced from $20 to $15 for producer license applications, renewals, and reinstatements.

On January 1, 2023, Maine will require Pet insurance carriers to provide training to both residents and nonresidents.

Effective May 16, DFR Commissioner Mike Pieciak will be pursuing new opportunities. In the interim, Deputy Commissioner Kevin Gaffney will serve in this role.

The Michigan Department of Insurance and Financial Services announces a new website aims to give end users a new, modern experience. This website will continue to provide resources and assistance to consumers and licensees.

NIPR announced that a new version of Transaction Assistant WSDL is available for download. This does not require clients to make changes to their projects.

The Company appointment renewal period is June 3, 2022 - June 30, 2022.

Iowa is to adopt travel insurance and therefore is to add a new license class/line of authority in the near future. The date this becomes effective has not yet been announced.

Kanas is offering No Home State licensing and renewals to Producers (Individual and Business) and Portable Electronics (Business) license classes.

The FEIN number will no longer be displayed on the PDB for firms reported as sole proprietorships. This goes into effect April 21, 2022.