Regulatory Updates

Posted March 18, 2025, Michigan Department of Licensing and Regulatory Affairs adopted rules to implement the Examination Validity Extension Programs (EVEP) and the Maintaining Qualifications Program (MQP) for agents and investment adviser representatives. The EVEP and MQP programs allow eligible agents and investment adviser representatives to extend the validity of their qualifications for up to five years after leaving employment with a firm. Please see attached for more information.

Effective April 11, 2025, Florida will begin displaying the Business Phone Number within the Producer Database.

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.