Regulatory Updates

Massachusettes released an update on their conversion to state based systems (SBS). This update includes a list of products that are now available, a business entity number update, an update for Company License Numbers, and when the PDB alerts will be sent. See previous Massachusetts regulatory updates for complete details on this update.

As of January 1, 2022, the appointment fee was reduced from $10 to $7. This change will be reflected starting April 1, 2022, quarterly billing and for anything following this date.

For Alabama 2022 Renewals (specifically pre-need), the invoice renewal period is May 1, 2022 - September 2, 2022.

The invoice renewal period for Nebraska appointment renewals is from April 29, 20224 to August 2, 2022, along with termination deadlines and fees.

South Dakota announces CE change that impacts both Resident and Nonresident License holders. For producers that have a life insurance Line of Authority cannot sell annuities unless the required training courses are completed.

The updates included in MA converting to state based systems will now occur on March 18th from March 16th.

Connecticut released details on Appointment Renewal deadlines, costs, and more. The invoice renewal period is May 1st through June 30th, 2022.

Effective April 1, 2022, all filers must submit their annual premium tax, quarterly estimated tax, and annual renewal fees and payments electronically through OPTins. Paper filings will no longer be accepted after this date and penalties will apply. Instructions for submitting tax and fee filings are available at: .

On March 11th, 2022, Washington is to remove "No Authority Required" LOA from license types and adding Property or Casualty Lines of Authority in its place.

Cybersecurity risk has been raised for US critical infrastructure following the Russian attacks on Ukraine. As a result, the State Corporation Commission's Bureau of Insurance prompts each licensee should review Shields Up.