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.
June 03
New Jersey New Jersey announces the company appointment renewal invoices will be available for payment April 1, 2022 to June 3, 2022. The termination deadline is March 26th, 2022. On April 1, NIPR will display the invoice and a list of appointments for renewal.
February 17
Maine Maine has introduced a new website. With this introduction, they will no longer be mailing hard copy invoices to certain license prefix types.
March 25
California 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.
February 11
Louisiana 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.
March 31
North Carolina 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.
February 08
Colorado 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.
February 28
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.
February 07
Wisconsin 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.
February 04
California California requires all licensees (residents and nonresidents) to report any changes in background information to CDI within 30 days of learning of the change.
February 03
Alaska A list of eligible surplus insurers for the state of Alaska has been published.
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