Regulatory Updates

Posted May 08, 2025, Tennessee Securities Division is holding a public rulemaking hearing regarding an amendment that reorganizes the Industry Regulation sections of the Securities Division rules into five separate chapters from one chapter. This change is to improve usability. 

The hearing will be June 11, 2025, 10 am CST, at the following address: 500 James Robertson Parkway Davy Crockett Tower Nashville, Tennessee 37243

Please see both attachments for more information.

Posted May 08, 2025, FINRA has extended the comment period for modernizing FINRA rules, guidance, and processes for the following topics: - Organization and Operation of Member Workplaces, the comment period has been extended to July 14, 2025 - Facilitate Capital Formation, the comment period has been extended to June 18, 2025 - Broad Review to Modernize Rules Regarding Member Firms and Associated Persons, the comment period has been extended to June 11, 2025

Please note the comment period for "Requests Comment on a Proposal to Reduce Unnecessary Burdens and Simplify Requirements Regarding Associated Persons’ Outside Activities" expires May 13, 2025.

For more information on each topic, please use the link below

Posted May 05, 2025, The Excess Line Association of New York (ELANY), posted a bulletin reminding Business Entity and Individual Licensees about renewing of licenses. Please see the attachment and links below for more information. Business Entity - Individual Licensees -

Effective June 02, 2025, Iowa will be using Fieldprint to conduct the fingerprinting and federal criminal history checks. Iowa's Department of Licensing will conduct the state criminal history check utilizing the fingerprints provided by Fieldprint. Fingerprinting will take place at a Fieldprint location. More information is available at the link below and following attachment.

Effective June 6, 2025, West Virginia company appointment renewal invoices will be available for payment from June 6, 2025, through August 31, 2025. The termination deadline is May 31, 2025. The cost is $25 per appointment per company.

Posted May 06, 2025, Missouri posted a bulletin notifying of an immediate change to the process for insurance producer examinations.

Effective immediately, those seeking to schedule an insurance examination may only take the test in a physical testing center. Online proctoring is no longer available for new reservations. Scheduled OnVue appointments will be honored through May 18, 2025.

For more information, please visit the following link:

Posted May 05, 2025, Washington's Securities Division is considering proposing amendments to the investment adviser to bring the rules up to date with federal rules, incorporate NASAA model rules, and make other possible updates and clarifications. For more information, please use the link below. https://dfi.wa.gov/rulemaking/investment-adviser-rulemaking

Effective July 1, 2025, Kansas will no longer charge for appointment renewals. The appointment fee is a one-time fee for each newly certified agent. Fees are below - $2 Kansas-domiciled company - $5 if not domiciled in Kansas

Please see the attachment for more information

Posted April 28, 2025, New Hampshire posted a bulletin about updating guidance around reporting administrative actions to the New Hampshire Insurance Department.  These actions must be reported within 30 days of final disposition. Criminal prosecutions must be reported within 30 days of the initial pretrial hearing. Licensees are also required to disclose such matters when applying for or renewing a license.

New Hampshire Insurance Department allows licensees to satisfy disclosure requirements in either of the following ways: • Upload the relevant documents to the attachment warehouse of the NIPR • Mail the relevant documents to the New Hampshire Insurance Department, to the attention of the Licensing Division.

Please see the attachment for more information

Effective July 11, 2025, Alaska will offer the Pharmacy Benefit Manager license class to be processed electronically. The initial and renewal fee is $300.