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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January 13th, 2025
Effective:
January 09th, 2025
map-marker California
California Releases Guide for Post-Disaster Property Claims
Posted January 9, 2025, California releases a guide for adjusting property claims after a major disaster. In this guide, the topics go over: - Registration,  - Required Documentation, - CE Requirements,  - The Departments Annual Notice and Guide for Adjusting Property Claims   After the state declares a state of emergency, licensed adjusters and qualified managers are to require the employees and non licensed adjusters under their supervision to read and understand the Department’s most recent Notice and this Guide no later than 15 calendar days from the date on which the employee began claims adjusting activity in California.
Effective
January 13th, 2025
Effective:
December 01st, 2024
map-marker Pennsylvania
Pennsylvania Revised the 1609-PR Affidavit Form Surplus Lines
Effective December 1, 2024, Pennsylvania revised the 1609-PR Affidavit which can be found on the following link: [PASLA](https://www.pasla.org/efs_forms.htm) The following fields have been removed on the affidavit: - Location of Risk - Street Address Only - Amount of Insurance - Property Amount - Amount of Insurance - Casualty Amount Please see the attachment for more information.
Effective
January 13th, 2025
Effective:
February 08th, 2025
map-marker Massachusetts
Massachusetts DOI Changing Addresses
 Effective February 8, 2025, the Massachusetts Division of Insurance will be changing to the below address, One Federal St., Suite 700 Boston, MA 02110
Effective
January 13th, 2025
Effective:
January 09th, 2025
map-marker California
California Issued Mandatory Pause On Cancellations & Non Renewals For One Year
Posted January 9, 2025, California issued a mandatory pause on cancellations and non renewals of policies of residential property insurance for one year. “An insurer shall not cancel or refuse to renew a policy of residential property insurance for a property located in any ZIP Code within or adjacent to the fire perimeter, for one year after the declaration of a state of emergency" On January 7, 2025, Governor Gavin Newsom proclaimed a state of emergency in the following ZIP Codes:  - Palisades Fire: 90049, 90265, 90272, 90290, 90402, 91301, 91302, 91320, 91356, 91361, 91364, 91436  - Eaton Fire: 91001, 91006, 91007, 91011, 91016, 91020, 91024, 91042, 91101, 91103, 91104, 91106, 91107, 91108, 91206, 91208, 91214, 91706, 91731, 91732, 91775, 91780, 93563 Please see the attachment for more information.
Effective
January 13th, 2025
Effective:
December 12th, 2024
map-marker Illinois
Illinois DoI Chicago Office Relocation
Posted January 8, 2025, Illinois Department of Insurance’s Chicago Office has relocated to the following address: 115 South LaSalle Street 13th Floor Chicago, Illinois 60603 Please see the attachment for more information.
Effective
January 10th, 2025
Effective:
January 09th, 2025
map-marker New York
New York Zero Premium Tax Statements Filing For Surplus Lines
Posted January 9, 2025, The Excess Line Association of New York (ELANY)  posted a bulletin providing information on the filing of "ZERO" premium tax statements through the Department of Financial Services (DFS) portal if they meet ALL of the following criteria: - No surplus lines business was written in New York for the year 2024 - No transactions were reported to Excess Line Association of New York (ELANY) for any endorsements/cancellations - No premium taxes or credits are due for 2024 and prior years. Please see the attachment for more information.
Effective
January 10th, 2025
Effective:
January 10th, 2025
map-marker Colorado
Colorado Zero Report & Annual Report Filing For Surplus Lines
Posted January 8, 2025, Colorado clarified how Zero Reports and Annual Reports should be processed with Colorado moving to the SLIP system. Please see the attachment for more information.
Effective
January 09th, 2025
Effective:
February 12th, 2025
map-marker Pennsylvania
Pennsylvania License Clarification and Modernization
Effective February 12, 2025, Pennsylvania has updated additional clarification and modernization for the following sections for both resident and nonresident: Licensing, Appointment, Termination, Fictitious names, and license renewal requirements. A significant change involves General 'Business Entity' language and 'Managers and Exclusive General Agents'. See attached for more details. 
Effective
January 09th, 2025
Effective:
January 09th, 2025
map-marker Louisiana
Louisiana Implements New Transaction Type to Process Name Updates
Effective January 9, 2025, Louisiana will implement a new transaction type to process Name Change (Demographics) updates to process individual primary name updates. Update: On March 28, 2025, Louisiana will allow processing Business Entity licensees to process Primary Name changes electronically
Pending
January 09th, 2025
Effective:
February 14th, 2025
map-marker Michigan
Michigan Offering Pharmacy Benefit Manager Licenses
Update posted March 19, 2025, Michigan will begin sending the data to display on the PDB beginning March 26, 2025.  Effective February 14, 2025, Michigan will implement a Pharmacy Benefit Manager (PBM) license exclusively for business entities. This license will be displayed on the Producer Database.
Released
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