Regulatory Updates

Posted March 28, 2025, Kansas sent out the 2025 spring edition of the Regulator Roundup. This newsletter includes information about the following topics and more: - The elimination of the Producer Appointment Renewal Fee - Ability to Lower Fees (Registration, License, Certificates of Authority, Application Fees, etc.) - Updated response time for consumer complaints Please see the attachment for more information 

Posted March 31, 2025, Connecticut sent out a notice that renewal applications are now being accepted for the following licenses:  - Casualty Adjuster - MVPD Appraiser licenses Attached is an FAQ about renewing those license classes provided by the state.

Effective March 27, 2025, Iowa will implement new transaction types to process designated responsible licensed producers (DRLP).

Update: This change will now be effective May 08, 2025.

Effective April 11, 2025, Ohio will be allowing business entities to update the following data electronically. - Business Address - Mailing Address - Email - Phone number

Posted on March 25, 2025, New York’s Excess Line Association sent out a bulletin reminding New York licensed brokers of the need to show compliance with cybersecurity regulations for the next set of cybersecurity regulations, due no later than May 1, 2025.

This set of cybersecurity regulations ties to the following Brokers: - Brokers that have not filed a limited or full exemption - Brokers that have filed a limited exemption - Class A Brokers Please see the attachment for more information.

Posted March 20, 2025, Montana provided the following guidance regarding the examinations required to register as an Investment Adviser Representative. To register as an Investment Adviser Representative, an individual must have successfully taken one of the following: 1. FINRA General Securities Principal's Examination, Series 24 2. NASAA Uniform Investment Adviser Law Examination, Series 65 3. NASAA Uniform Combined State Law Examination, Series 66 Please see the attachment for more information.

Effective March 9, 2025, Florida clarified the discount requirement applying to surplus lines policies that provide coverage for 12 months filed between October 1, 2024, and September 30, 2025. Please use the following link for more information.  Premium Tax Discounts

Posted March 18, 2025, Hawaii's Insurance Division has issued a bulletin regarding the 1st Quarter 2025 Surplus Lines Premium Tax Statement and Payment, due by May 15, 2025. The bulletin notes that Form 104 and Form 104C have been updated to improve efficiencies. Please refer to the attached document for more details.

Posted March 19, 2025, Kentucky's Insurance Commissioner is permitting temporary registration for unlicensed emergency adjusters to operate in the following counties due to the storms on March 15, 2025: - Daviess - Jefferson - Oldham Please refer to the attached document for further details.

Effective January 17, 2025, Arkansas will implement a new transaction type to process individual primary name updates