Regulatory Updates

Posted March 7, 2025, The Surplus Lines Association of California posted a bulletin regarding licensing requirements for placing surplus lines insurance in California on behalf of a business entity licensee. The bulletin answers the following questions:

- Who is required to be licensed in California for surplus line transaction/placement for a business entity licensee?  - What are the basic requirements for a licensed broker-agent to obtain an individual surplus line broker license? - What are the potential penalties for transacting surplus line insurance without the required license?

Please see the attachment for more information.

Posted March 3, 2025, The Surplus Lines Association of California posted a bulletin that updated the List of Approved Surplus Line Insurers (LASLI) to reflect that Fireman’s Fund Indemnity Corporation (New Jersey) has been added to the LASLI effective February 28, 2025. The updated LASLI in its entirety is available on the CDI website. 

Please see the attachment for more information. 

Effective May 1, 2025, Nebraska company appointment renewal invoices will be available for payment from May 1, 2025, through July 31, 2025. The termination deadline is April 25, 2025. The cost is $8 per appointment. Invoice fees are based on the residency of the appointee, see below.

Effective April 11, 2025, Pennsylvania will implement new validation requirements for applicants requesting amendments to the lines of authority on their license class. If the license is within the renewal window, the applicant must first renew the license. Once the license expiration date is updated, the applicant can then submit the amendment request.

Posted March 6, 2025, Arkansas posted a bulletin regarding 2025 appointment renewals for insurance producers. An insurance company must annually renew all producer records on its appointed Arkansas producers and business entities file. Please see the attachment for more information. The company can research its appointed producers and business entities by going to the following link. 

Effective April 11, 2025, Maine will add the Worker’s Compensation line of authority to the Adjuster (Nonresident) license classes, as reflected on the Producer Database Display.

Posted March 4, 2025, North Dakota sent out a reminder about the 2025 appointment renewal. Payment starting March 3, 2025. Invoices must be paid by April 30, 2025, via NIPR.

Posted March 3, 2025, Alabama will not accept or process new filings for registration or licensing of captive insurance companies and risk retention groups. 

This moratorium is temporary and may last six months or for a shorter or longer time period. Please direct any questions about this Bulletin to the Department's Examination Division at ExaminationDivision@insurance.alabama.gov.

Posted February 24, 2025, The Excess Line Association of New York (ELANY) published a bulletin clarifying policy fees paid to producers and taxable premiums. Please see the attachment for more information.

Posted February 24, 2025, The Excess Line Association of New York (ELANY) issued a bulletin reminding stakeholders of the final notice for reporting 2024 premium tax statements.

All licensed excess line brokers must file a tax return ELECTRONICALLY (Premium Tax Statement) on or before March 17, 2025, even if NO business was placed under that license. Please see the attachment and the following link for more information Premium Tax Statement