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.

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March 04th, 2025
Effective:
March 04th, 2025
map-marker North Dakota
North Dakota 2025 Appointment Renewal Reminder
Posted March 4, 2025, North Dakota sent out a reminder about the 2025 appointment renewal. Payment starting March 3, 2025. Invoices must be paid by April 30, 2025, via NIPR.
Effective
March 04th, 2025
Effective:
March 03rd, 2025
map-marker Alabama
Alabama Stops Accepting New Captive Insurance Companies and Risk Retention Groups Fillings
Posted March 3, 2025, Alabama will not accept or process new filings for registration or licensing of captive insurance companies and risk retention groups.  This moratorium is temporary and may last six months or for a shorter or longer time period. Please direct any questions about this Bulletin to the Department's Examination Division at [ExaminationDivision@insurance.alabama.gov](mailto:ExaminationDivision@insurance.alabama.gov).
Effective
February 27th, 2025
Effective:
February 24th, 2025
map-marker New York
New York Bulletin Clarifying Policy Fees
Posted February 24, 2025, The Excess Line Association of New York (ELANY) published a bulletin clarifying policy fees paid to producers and taxable premiums. Please see the attachment for more information.
Effective
February 27th, 2025
Effective:
March 17th, 2025
map-marker New York
New York Final Bulletin Reporting Premium Tax Statement
Posted February 24, 2025, The Excess Line Association of New York (ELANY) issued a bulletin reminding stakeholders of the final notice for reporting 2024 premium tax statements. All licensed excess line brokers must file a tax return ELECTRONICALLY (Premium Tax Statement) on or before March 17, 2025, even if NO business was placed under that license. Please see the attachment and the following link for more information [Premium Tax Statement](https://www.dfs.ny.gov/apps_and_licensing/agents_and_brokers/excess_line_broker_premium_tax_statement)
Effective
February 27th, 2025
Effective:
February 20th, 2025
map-marker New Mexico
New Mexico Name Change Reporting
Effective February 20, 2025, New Mexico will only accept name changes for individuals and business entities online using NIPR. Previous name change forms will no longer be accepted. Please see the attachment for more information.
Pending
February 26th, 2025
Effective:
March 14th, 2025
map-marker Alaska
Alaska DRLP Requirement Update for TPA’s
Effective March 14, 2025, Alaska will be removing the designated responsible licensed producer requirement for Third Party Administrator license applications.
Effective
February 24th, 2025
Effective:
February 25th, 2025
map-marker Delaware
Delaware Implements New Transaction Types to Process Designated Responsible Licensed Producer (DRLP)
Effective February 25, 2025, Delaware implemented new transaction types to process Designated Responsible Licensed Producers (DRLP).
Pending
February 24th, 2025
Effective:
February 25th, 2025
map-marker Alaska
Alaska Implements New Transaction Type to Process Name Updates
Effective February 24, 2025, Alaska will implement a new transaction type to process Name Change (Demographics) updates.
Pending
February 24th, 2025
Effective:
March 01st, 2025
map-marker Hawaii
Hawaii Annual Report Document Submission
Posted February 20, 2025, Hawaii published the document for reporting the annual report. This report is due March 1 of each year, starting with the year 2020. The annual report can be filed electronically at [ins-examtpa@dcca.hawaii.gov](mailto:ins-examtpa@dcca.hawaii.gov). Please use the following URL for [TPA General Information](https://cca.hawaii.gov/ins/faqs-2/third-party-administrators/). Attached is the annual report for convenience. 
Effective
February 24th, 2025
Effective:
February 20th, 2025
map-marker Delaware
Delaware Identities Role Adjusters and Property Contractors Handle in Claim Settlement Process
Posted February 20, 2025, Delaware sent out a bulletin to identify the roles that adjusters and property contractors play in the claims settlement process and to identify the types of services they can provide in conformity with the law. Please see the attachment for more information. 
Effective
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pending
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effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).

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