The world of insurance compliance regulation is ever-changing. But that’s no reason to fret. Keep up with regulatory updates here in our live feed. With relevant changes to licensing, appointments, continuing education rules, and more, you can take a proactive approach to maintaining your organization’s compliance requirements.
Posted April 7, 2025, The Surplus Lines Association of California posted a bulletin that updated the List of Approved Surplus Line Insurers (LASLI) to reflect that: - Federated Specialty Insurance Company (Delaware) has been added to the LASLI effective April 4, 2025. - Superior Specialty Insurance Company and United Specialty Insurance Company have been redomesticated to Texas from Delaware effective January 8, 2025 - The updated LASLI in its entirety is available on the CDI website.
Please see the attachment for more information.
Effective June 13, 2025, Missouri will allow No Home State Initial and No Home State Renewal applications to be processed electronically for the following license classes: - Bail Bond Agent - General Bail Bond Agent - Limited Lines Self-Service Storage Producer - Motor Vehicle Extended Services Contract - Navigator - Organizational Credit - Portable Electronics Insurance Large - Portable Electronics Insurance Small - Surety Recovery Agent - Utilization Review
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
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