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.
Effective April 11, 2025, Nevada will introduce new appointment and termination offerings. Nevada will also remove invalid offerings.
Effective March 21, 2025, New Mexico implemented new transaction types to process Designated Responsible Licensed Producers (DRLP).
Effective March 14, 2025, Hawaii will implement new transaction types to process designated responsible licensed producers (DRLP).
Effective March 14, 2025, Alaska will implement new transaction types to process designated responsible licensed producers (DRLP).
Effective April 11, 2025, Tennessee will allow applicants with an "inactive" status reason to reapply as a new applicant electronically, regardless of the expiration date. These applicants can not be renewed.
Effective April 11, 2025, Tennessee will implement the Automobile Club Agent license class for resident & nonresident initial applications electronically.
Effective March 20, 2025, Virginia's new pre-licensing examinations will be live. CE Providers are asked to review the updated exam content outlines and make necessary changes to their pre-licensing education materials. Please see the attachment for more information.
Effective April 11, 2025, Oklahoma will be updating its acceptable designated home state list to include Mississippi, Washington, and West Virginia.
The current list of states accepted by Oklahoma for designated home state is below.
Posted March 7, 2025, The Surplus Lines Association of California posted a bulletin regarding licensing requirements for placing surplus lines insurance in California on behalf of a business entity licensee. The bulletin answers the following questions:
- Who is required to be licensed in California for surplus line transaction/placement for a business entity licensee? - What are the basic requirements for a licensed broker-agent to obtain an individual surplus line broker license? - What are the potential penalties for transacting surplus line insurance without the required license?
Please see the attachment for more information.
Posted March 3, 2025, The Surplus Lines Association of California posted a bulletin that updated the List of Approved Surplus Line Insurers (LASLI) to reflect that Fireman’s Fund Indemnity Corporation (New Jersey) has been added to the LASLI effective February 28, 2025. The updated LASLI in its entirety is available on the CDI website.
Please see the attachment for more information.
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