Regulatory Updates

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.

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December 03rd, 2024
Effective:
January 15th, 2025
map-marker Ohio
Ohio Annual Title Filings
On December 2, 2024, Ohio posted a notification reminding licensed Ohio title agents and agencies, or their authorized representatives that they must file an annual title agent/agency review. Annual Filings for the 2024 filing period (September 1, 2023 - August 31, 2024) are due by January 15, 2025.   Instructions can be found using the link below [Annual Title Instructions](https://insurance.ohio.gov/agents-and-agencies/agent-licensing/resources/annual-title-filing-instructions)
Effective
December 02nd, 2024
Effective:
December 02nd, 2024
map-marker Oklahoma
Oklahoma Identifies New Point of Contact for PBM Licensure
Posted November 26, 2024, Oklahoma posted a notice that Pharmacy Benefit Manager (PBM) license holders will have a new point of contact. The Regulated Industry Services (RIS) Division will be responsible for:  - Initial licensure - Renewal of licensure - Review of annual statements Should you have any questions or need assistance with PBM licensure, you can contact the RIS division via email at [PBMLicensing@oid.ok.gov](mailto:PBMLicensing@oid.ok.gov). Please see the link below for more details. 
Effective
November 26th, 2024
Effective:
December 13th, 2024
map-marker West Virginia
West Virginia Soliciting Comments Regarding Surplus Lines Export List
Posted November 26, 2024, West Virginia is soliciting comments regarding the surplus lines export list. Comments must be submitted on or before December 13, 2024, at 5:00 p.m. to the following email address: [Greg.A.Elam@wv.gov](mailto:greg.A.Elam@wv.gov). Please see the attachment for more information. 
Effective
November 26th, 2024
Effective:
November 26th, 2024
map-marker Delaware
Delaware Summary Of Insurance Laws Enacted In 2024
Revised November 25, 2024, Delaware posted a bulletin on October 1, 2024, summarizing laws enacted during the 2024 session of the Delaware General Assembly and signed by the Governor. Laws marked with an asterisk ( \* ) were added after the original post date.  Please see the attachment for the revised edition. 
Effective
November 25th, 2024
Effective:
November 15th, 2024
map-marker Nevada
Nevada Annuity CE Requirements For Resident And Nonresident Producers
Effective November 15, 2024, Nevada added specific training requirements for resident and nonresident producers who transact annuity products. Please see the attachment for more information. 
Effective
November 21st, 2024
Effective:
January 01st, 2025
map-marker New Hampshire
New Hampshire Automobile Glass Claims Licensing Update
Effective January 1, 2025, New Hampshire approves an exemption to the insurance claims adjusters statute for persons who solely handle automobile glass claims. Please see the attachment for more information.
Effective
November 21st, 2024
Effective:
December 31st, 2025
map-marker New Mexico
New Mexico Reminder Upcoming Annual Registration Renewal Fees
Posted November 19, 2024, New Mexico sent out a reminder about upcoming due dates for annual registration renewal fees (December 31, 2024). For timely processing, New Mexico advises renewal fees should be submitted on or before December 9, 2024. Please see the attachment for more information.
Effective
November 21st, 2024
Effective:
December 13th, 2024
map-marker New York
New York License Status “Cancelled” Renewal Updates
Effective December 13, 2024, New York applicants with a Status Reason of “Cancelled” with a future expiration date will not be able to submit electronically. They will need to contact the New York Department of Financial Services (DFS) for additional information. New York applicants with a Status Reason of “Cancelled” and an expiration date in the past will still be able to be processed electronically.
Effective
November 21st, 2024
Effective:
March 31st, 2025
map-marker North Carolina
North Carolina 2025 Company Appointment Renewals
Posted November 19, 2024, North Carolina announces that the company appointment renewal invoices will be available for payment from February 3, 2025, to March 31, 2025. The termination deadline is January 22, 2025. The invoice grace renewal period is April 1, 2025, to May 14, 2025, until 4 pm central time   Please see the attachment for cost information.
Effective
November 20th, 2024
Effective:
December 15th, 2024
map-marker Maine
Maine Adding Additional Nonresident Surplus Lines Broker Requirements
Effective December 13, 2024, Maine will require nonresident applicants applying for a Surplus Lines Broker line of authority to hold Surplus Lines in their resident state.
Effective
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