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.
October 07th , 2024
Effective:
November 27th , 2024
November 27
Louisiana
Louisiana Issues 2024 Company Appointment Renewal Dates
The 2024 Louisiana appointment renewal dates are November 27, 2024, to January 2, 2025
The termination deadline is November 22, 2024.
Renewal Fees: $20 per appointment renewal
Effective
October 07th , 2024
Effective:
October 04th , 2024
October 04
North Dakota
North Dakota Implement New Transaction Type to Process Designated Responsible Licensed Producer (DRLP)
Effective October 24, 2024, North Dakota will Implement new transaction types to process designated responsible licensed producers (DRLP).
Pending
October 07th , 2024
Effective:
October 04th , 2024
October 04
U.S. Virgin Islands
Virgin Islands Resident Renewal Turned Off Temporary
Effective October 4, 2024, Virgin Islands will turn off the resident renewal process for electronic applications. Any transaction submitted will be declined until processing resumes.
Update: October 9, 2024, Virgin Islands turned on the system for electronically processing applications as a resident renewal
Effective
October 07th , 2024
Effective:
January 06th , 2025
January 06
Wisconsin
Wisconsin Issues 2025 Company Appointment Renewal Dates
The 2025 Wisconsin appointment renewal dates are January 6, 2025 – March 15, 2025
The termination deadline is December 31, 2024.
Renewal Fees:
Resident - $16
Nonresident - $30
Effective
October 02nd , 2024
Effective:
October 02nd , 2024
October 02
Georgia
Georgia State Of Emergency Licensing
On September 24, 2024, Georgia posted a bulletin indicating Governor Brian Kemp issued a State of Emergency due to the effects caused by Hurricane Helene.
In the event of a declared disaster or catastrophe, an insurer, or employer who is a licensed adjuster in this state, or is a regular employer of insurance adjusters in this state may request emergency disaster adjuster status for Georgia Registered Staff Adjusters, Out-of-State Staff Adjusters, or Out-of-State Licensees. Please see both attachments for more information.
Effective
October 02nd , 2024
Effective:
September 20th , 2024
September 20
Louisiana
Louisiana Adopts New Requirements For Annuity Products.
Effective September 20, 2024, Louisiana amended training requirements for producers who transact annuity products.
Producers who hold a life line of authority and who sell annuities must complete the course:
- By 3/20/2025, if already licensed prior to 9/20/2024; or
- Before selling annuities, if the producer was licensed on or after 9/20/2024.
These changes also require how these classes must be taken, whether in the classroom or self-study and what topics are and are not allowed to be discussed during the course. Please see the attachment for more information.
Effective
October 02nd , 2024
Effective:
April 01st , 2025
April 01
New Mexico
New Mexico Adopting Changes To Adjuster Licensing Requirements For Nonresidents
Effective April 1, 2025, New Mexico is adopting changes to adjuster licensing requirements for nonresidents. Please see the attachment for more information.
Effective
October 02nd , 2024
Effective:
December 31st , 2025
December 31
Oklahoma
Oklahoma 2024 Company Appointment Renewals
Oklahoma announces the company appointment renewal invoices will be available for payment from November 25, 2024 – January 2, 2025. The termination deadline is November 15, 2024. Please see the attachment for more information.
Update: Posted November 14, 2024, The invoice payment date will be available for payment from November 25, 2024 – December 31, 2024.
Effective
October 01st , 2024
Effective:
August 30th , 2024
August 30
Missouri
Missouri Revised The Annuity Training Requirements For Resident And Nonresident Licensing
Effective August 30, 2024, Missouri revised the annuity training requirements for resident and nonresident licensing. Please see the attachment for more information.
_A producer who has completed a Department approved annuity training course before 8/30/2024 must complete either of the following within 6 months after 8/30/2024:_
- _A new 4 credit training course approved by the Department after 8/30/2024; or_
- _An additional 1-time, 1-credit training course approved by the Department and provided by the Department approved education provider on appropriate sales practices, replacement, and disclosure requirements_
Effective
October 01st , 2024
Effective:
October 01st , 2024
October 01
Missouri
Missouri Clarification Around The Best Interests Standard
Posted on October 1, 2024, Missouri posted a bulletin providing clarification around the “Best Interests” standard by the NAIC regarding suitability in annuity transactions that went into effect on August 30, 2024. Please see the attachment for more information.
Effective
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Disclaimer - AgentSync does not warrant to the completeness or accuracy of the information provided in this database. You are responsible for ensuring the accuracy and totality of all representations, assumptions, information and data provided by AgentSync to you in this database. The information in this database should not be construed as legal, financial, or other professional advice, and AgentSync is not responsible for any harm you sustain by relying on the information provided herein. You acknowledge and agree that the use of this information is at your own risk. You should always consult with the applicable state and federal regulatory authority to confirm the accuracy of any of the information provided in this database.
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analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).