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 1, 2025, New Jersey company appointment renewal invoices will be available for payment from April 1, 2025, through June 3, 2025. The termination deadline is March 25, 2025. The cost is $25 per company, per appointment.
Effective March 14, 2025, Nevada will prevent California Resident Motor Club Agents from applying for a nonresident Nevada Motor Club license. Nevada is not reciprocal with California Motor Club licenses.
Posted February 17, 2025, California announced they will use Capital Live Scan (CLS) as the new fingerprinting vendor for resident license applicants. This change is effective immediately. Please follow the link below for more information. California Resident Licensing Fingerprint Requirements
Posted February 14, 2025, New Hampshire posted a reminder that all entities must comply with department inquiries and investigations within 10 working days. Please see the attachment for more information.
Posted February 13, 2025, Maine sent out a notice reminding nonresident adjusters to verify their Designated Home State (DHS) before the October renewal period. Maine will be reviewing the DHS during the renewal cycle, and if it is incorrect, your application may be rejected, and the fee will be retained. Adjusters residing in states that do not license adjusters can select a Designated Home State (DHS). The DHS is the state in which the adjuster does not maintain their principal place of residence or business and qualifies for the license as if they were a resident. A state whose laws permit a nonresident adjuster to designate that state as their home state will require the nonresident to qualify for the license as if the person were a resident.
Effective March 14, 2025, New York will start displaying the 'Company' license class on the Producer Database with the Federal Liability Retention Act Insurer line of business.
Effective March 14, 2025, Nebraska will be updating rules for applicants changing residency. - The applicant is exempt from the license exam if applying within 90 days of the cancellation of their former resident state's license - If the applicant holds an active nonresident NE license while applying for a resident NE license, the state will review
Effective February 14, 2025, Alaska will implement a new transaction type to process Name Change (Demographics) updates.
Effective March 14, 2025, Illinois will be updating rules for applicants changing residency. - The applicant is exempt from the license exam if applying within 90 days of the cancellation of their former resident state's license - If the applicant holds an active nonresident IL license while applying for a resident IL license, the state will review
Posted on February 11, 2025, New York’s Excess Line Association sent out a bulletin reminding New York licensed excess lines brokers of the need to show compliance with cybersecurity regulations due no later than April 15, 2025.
Brokers must file either a Certificate of Compliance or an Acknowledgement of Noncompliance. Please see the attachment for more information.
Please try searching with another term
For the truly curious, subscribe to our updates and never miss a relevant regulatory update.