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
Utah Effective July 1, 2025, Utah will be updating the Fingerprint Fee from $27.00 to $32.00 for resident individual licensing on the following license classes: - Consultant - Independent Adjuster - Limited Line Producer - Managing General Agent - Producer Individual - Public Adjuster - Reinsurance Intermediary - Surplus Lines Producer - Third Party Administrator
March 24
Virginia Effective March 24, 2025, Virginia amended the process for appointing and terminating insurance agents and agencies by insurers. Please use the link as follows for more information.
June 16
New Mexico Effective June 16, 2025, New Mexico has declared a disaster due to the Trout Fire in southwest New Mexico. The Department of Licensing is asking any adjuster deployed to New Mexico to please submit their application and email Agents.Licensing@osi.nm.gov to advise the nature of the application for expedited processing.
Please see the attachment for more information.
June 13
Florida Posted June 13, 2025, Florida eliminated the ‘diligent effort’ requirement. Diligent effort is defined as 'seeking coverage from and having been rejected by at least three authorized insurers currently writing this type of coverage, and documenting these rejections.
Please see the attachment for more information.
July 19
Georgia Effective July 19, 2025, Georgia will add a new status reason, “HB410 (House Bill 410) of 2025”. This status applies specifically to Business Entity Branch license types.
June 10
Michigan Effective June 10, 2025, Michigan's insurance licensing examinations vendor (PSI) will no longer offer remote proctoring. After this date, new registrations for remote proctored exams will not be accepted. For further details, please refer to the attached information.
June 12
Arkansas Posted June 12, 2025, Arkansas posted a bulletin to summarize insurance-related legislation enacted during the 2025 Arkansas Legislative Session. The Department does not represent that this list is complete. Please see the attachment for more information.
January 30
California Posted June 3, 2025, California updated the List of Approved Surplus Line Insurers (LASLI) to reflect that T.H.E. Insurance Company redomesticated from Louisiana to Delaware effective January 30, 2025. The updated LASLI is available on the CDI website. Please see the attachment for more information.
June 30
New York Posted June 10, 2025, New York has removed a company from the list of Excess & Surplus lines (E&S) insurers, maintained by the Excess Line Association of New York (ELANY). Please see the attachment for more information.
January 01
Oregon Effective January 1, 2026, Oregon’s limited Lines Travel Insurance Producer and Travel Insurance for residents and nonresidents licensing requirements are getting revised, and actions taken to travel agents if insurance laws are violated are being expanded.
For more information, please see the following link - https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2128
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