Regulatory Updates

Effective January 1, 2026, Florida residents and nonresidents licensed as a pet insurance producer must be properly trained on the following: The insurer's pet insurance products' coverages and conditions, and the following topics: - Preexisting conditions and waiting periods; - The differences between pet insurance and non-insurance wellness programs - Chronic conditions, congenital anomalies / disorders, hereditary disorders, and the way pet insurance policies address those conditions - Rating, underwriting, renewal, and other administrative topics.

Posted May 20, 2025, Kentucky issued an Advisory Opinion providing guidance on issues and questions raised in the aftermath of the storms that swept through the state from May 16 to May 17, 2025. Please see the attachment for more information.

Effective April 15, 2025, Colorado revised the Diligent Effort Affidavit Form. The new affidavit form can be found on the Division's website as well as on the SLAS Website. 

Before any policy of insurance can be placed by an Individual Surplus Line Broker (Producing Agent) with a nonadmitted insurer, Colorado statutes and regulations require a determination be made that the policy can not be insured with a Colorado admitted insurer. This determination is known as the diligent search. Please see the attachment below for more information.

Effective July 1, 2025, Iowa will offer an Adjuster license for individuals and business entities. Both residents and nonresidents may apply for these licenses electronically. The fee is $50 for an initial license and $50 for renewal. Please see the attachment for more information. 

Effective July 11, 2025, Maine will revise its appointment business rules to reduce the allowable backdating period for effective dates from 20 days to 15 days.

Effective May 19, 2025, Vermont has adopted rules to establish the licensing application, financial, and reporting requirements for Pharmacy Benefit Managers (PBMs). 

Please use the link below for more information.  VT PBM

Effective June 1, 2025, New Mexico is switching to PSI for all Continuing Education, Pre-Licensing Education, and Instructor application processing. There will be a blackout period beginning May 26 through May 30, 2025, during which education providers will not be able to submit any type of application for processing. Please see the attachment for more information. 

Effective June 13, 2025, California will allow applicants moving to the state with an active nonresident California license to apply electronically for a resident license

Effective May 15, 2025, Georgia will remove “Branch” offerings from all electronic licensing and renewal applications. Existing records on the Producer Database will be updated at a later date.

Posted May 8, 2025, North Carolina posted a bulletin outlining procedures companies will need to follow if a catastrophic event were to occur in North Carolina. NC Emergency Management staff will not allow any adjuster access to a declared disaster area unless the adjuster is carrying proper identification. Please see the attachment to obtain proper identification.