Regulatory Updates

Effective July 1, 2025, North Carolina passed a house bill that eliminates training course requirements for an insurance producer license. This bill also clarified wording around the following topics: - Calculation and liquidity stress test requirements - The North Carolina Professional Employer Organization Act - The Insurance Guaranty Association Act, - Insurance rebate permitted trade practices - Laws relating to the exchange of business between insurance producers Please see the attachment for more information.

Posted July 25, 2025, Maine posted a bulletin relating to health insurance. All of these acts are effective on September 24, 2025, except where otherwise noted. These acts revolve around the following topics: Therapy, Accessing Nonformulary Drugs, Access to Medications, Dental Services, Establishing an Apprentice Insurance Producer License, Pre-need Funeral Insurance, and many more topics. Please see the attachment for more information. 

Effective July 1, 2025, Georgia updated the Third-Party Administrator (TPA) annual renewal filing deadline for residents and nonresidents. Also updated continuing education exemption for resident Adjusters.

**Third-Party Administrator** - An administrator must file an annual renewal form on/before ~~March 1 of each year~~. _August 1 of each year._ - The form must include the following information regarding insurers and self-insurers with which the administrator has agreements: - Names; - Addresses; - NAIC companies; and - NAIC group numbers. **Adjuster Renewal** For residents renewing an Adjuster license. The following state statute is no longer offered Licensees with the Universal Claims Certification (UCC) designation will  be exempt from all adjuster CE requirements.

Effective January 1, 2026, Rhode Island residents and nonresidents will be eligible to obtain producer licensing for pet insurance, provided they have completed the required training and are properly licensed.      a. An insurer must ensure that its producers are trained on:           I. Topics discussed in (b) below; and          II. Its pet insurance products' coverages and conditions.      b. The training must cover the following topics:           I. Preexisting conditions and waiting periods;          II. The differences between pet insurance and noninsurance wellness programs;         III. Hereditary disorders, congenital anomalies and disorders, chronic conditions, and how pet insurance policies interact with those conditions or disorders; and          IV. Rating, underwriting, renewal, and other related administrative topics.      c. Satisfaction of substantially similar training requirements in another state will satisfy this state's training requirements.

Please see the attached for more information. 

Posted July 24, 2025, South Dakota is seeking public comments on repealing the maximum limit on the number of continuing education credits an insurance producer can receive during a two-year period from courses sponsored by an insurance company.  The reason for repealing this section is to modernize South Dakota’s rules with current industry practices and remove barriers for insurance producers. Please see the following link for more information.

Posted July 23, 2025, Ohio is looking for public comment with the latest batch of Five-Year Rule Reviews. In this batch, they are reviewing the following rules:  - 3901-3-10, Licensing of Managing General Agents, - 3901-3-16, Credit for Reinsurance,  - 3901-3-17, New annuity mortality tables for use in determining reserve liabilities for annuities, - 3901-6-11, Recognition of 2001 CSO mortality table for use in determining minimum reserve liabilities and nonforfeiture benefits, - 3901-6-12, Permitting the recognition of preferred mortality tables for use in determining minimum reserve liabilities The Department is seeking comments from July 23, 2025, through August 5, 2025. Please use the link as follows for more information.

Posted July 23, 2025, NASAA made available the IAR CE Program Handbook. The handbook was developed to help potential providers better understand and meet the requirements for acceptable IAR CE course material. Please use the link as follows for more information.

Posted July 24, 2025, the Mississippi Insurance Department posted a bulletin that members of the National Association of Insurance and Financial Advisors (NAIFA) may earn four hours of continuing education credits by their active engagement in the affairs and programming of this professional association starting July 1, 2025.  Please see the attachment for more information.

Posted July 22, 2025, Washington State announced its intent to clarify and update rules regarding title insurers sponsoring educational programs. Due to ambiguity in the current rules, the state is holding a public comment period from July 22 to August 20, 2025, to gather input from stakeholders. Please use the following URL for more information

Effective June 24, 2025, Georgia has updated the prelicensing course hours one must have to apply for a major line of authority and a limited subagent from 20 hours to 8 hours.

The following licenses are still exempt from prelicensing - An applicant for the lines of property or casualty who holds any of the following designations: - Chartered Property and Casualty Underwriter (CPCU); - Certified Insurance Counselor (CIC); - Certified Insurance Representative (CISR); or - Certified Risk Manager (CRM); - An applicant for the lines of life or health who holds either of the following designations: - Chartered Life Underwriter (CLU); or - Fellow Life Management Institute (FLMI); - An applicant for a temporary license. - An applicant for a credit insurance license. - An applicant who provides a transcript indicating successful completion 2 college or university insurance-related courses pertaining to the lines of authority being requested. - An applicant who holds an insurance college degree. - A nonresident currently licensed in the resident state, or a new resident who moves to Georgia and submits a license application within 90 days of the cancellation of any previously held license

Please see the following for more information.