Regulatory Updates

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. 

 Effective May 7, 2025, Utah has clarified the language regarding resident and nonresident licenses. Additionally, the state has updated the reporting deadline for resident title agents. Proof of sufficient capital and net worth for the preceding calendar year, which was previously due by February 1, must now be submitted by January 1 each year.

Posted April 23, 2025, The Surplus Lines Association of California posted a bulletin that updated the List of Approved Surplus Line Insurers (LASLI) to reflect that: - Fortegra Specialty Insurance Company (Arizona) has been added to the LASLI effective April 16, 2025 The updated LASLI in its entirety is available on the CDI website. 

Please see the attachment for more information. 

Effective April 25, 2025, Georgia will start displaying the following license classes on the Producer Database. - Rental Preferred Provider Network - Life Plan Community - Life Settlement Provider - Pharmacy Benefit Manager - Limited Premium Finance - Premium Finance - Third Party Administrator - Third Party Administrator - Exempt - Charitable Organization

Effective August 1, 2025, North Dakota will be updating fees around: license classes, exams, and appointments for residents and nonresidents.

- Producer Appointments - Current Fee: $10.00 - New Fee: $25.00 - Third-Party Administrator - Current Fee Initial: $25.00 - Current Fee Renewal: $25.00 - New Fee Initial: $250.00 - New Fee Renewal: $100.00

- Life Settlements - Provider - Current Fee Initial: $250.00 - Current Fee Renewal: $100.00 - New Fee Initial: $100.00 - New Fee Renewal: $25.00 - Broker - Current Fee Renewal: $12.00 - New Fee Renewal: $25.00

North Dakota will also be switching from using Pearson VUE as the exam vendor to PSI. Examination Fee Updates - Current Fee: $100.00 - New Fee: $64.00 (Major Lines) / $58.00 (Limited Lines) Please see the attached for more information.

Posted April 17, 2025, Louisiana appointment renewal invoices will be available for payment from July 1, 2025, through August 1, 2025. The termination deadline is June 27, 2025.

A state charge of $100 per appointment renewal.

Posted April 17, 2025, Maryland appointment renewal invoices will be available for payment from June 3, 2025, through August 31, 2025. The termination deadline is May 24, 2025.

The Maryland Motor Club Representative appointment renewal fee is $2.00 per appointment.