Regulatory Updates

Posted April 5, 2025, Pennsylvania Insurance Commissioner has declared certain insurance coverages to be generally unavailable in the authorized market at this time. Please see the attachment for more information and these listed insurance coverages.

Effective August 1, 2025, North Dakota has made changes to the following Line of Authority (LOA) names for resident and nonresident licenses:

Current LOA Name / New LOA Name - Life and Annuity / Life - Accident and Health / _Accident and Health or Sickness_ - Variable Life and Annuity / _Variable Life and Variable Annuity_

North Dakota requires both residents and nonresidents to maintain and monitor an email address for receiving regulatory communications from the Commissioner. Additionally, pharmacy benefits managers must hold an administrator license.

Effective June 1, 2025, Wyoming will no longer accept paper form(s) for the below services: - Letter of Clearance - Voluntary Surrender - Name Change - Address Change These services will now need to be submitted electronically.

Questions concerning these changes may be sent to the licensing section at insurancelicensing@wyo.gov or by phone at (307) 777-7319.

Effective March 27, 2025, Ohio has made updates to the language and rules for residents and nonresidents, with specific changes for each group.

Nonresidents - A nonresident's license surrender will be effective immediately after the request is received, or at a later date specified by the agent. However, this must occur no more than 5 days after the request is received. - Nonresidents must notify the department within 30 days of any changes in the following: - Name - Resident address - Business address - Mailing address - Email address - Phone number Resident The language around exam extensions for residents deployed on military service has been clarified to specify this extension.  If a resident is deployed for active military service, they may receive an extension. The extension is 180 calendar days from the date of their return from deployment.

Please use the following URL for more information

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.