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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November 26th, 2024
Effective:
December 13th, 2024
map-marker West Virginia
West Virginia Soliciting Comments Regarding Surplus Lines Export List
Posted November 26, 2024, West Virginia is soliciting comments regarding the surplus lines export list. Comments must be submitted on or before December 13, 2024, at 5:00 p.m. to the following email address: [Greg.A.Elam@wv.gov](mailto:greg.A.Elam@wv.gov). Please see the attachment for more information. 
Effective
November 26th, 2024
Effective:
November 26th, 2024
map-marker Delaware
Delaware Summary Of Insurance Laws Enacted In 2024
Revised November 25, 2024, Delaware posted a bulletin on October 1, 2024, summarizing laws enacted during the 2024 session of the Delaware General Assembly and signed by the Governor. Laws marked with an asterisk ( \* ) were added after the original post date.  Please see the attachment for the revised edition. 
Effective
November 25th, 2024
Effective:
November 15th, 2024
map-marker Nevada
Nevada Annuity CE Requirements For Resident And Nonresident Producers
Effective November 15, 2024, Nevada added specific training requirements for resident and nonresident producers who transact annuity products. Please see the attachment for more information. 
Effective
November 21st, 2024
Effective:
January 01st, 2025
map-marker New Hampshire
New Hampshire Automobile Glass Claims Licensing Update
Effective January 1, 2025, New Hampshire approves an exemption to the insurance claims adjusters statute for persons who solely handle automobile glass claims. Please see the attachment for more information.
Effective
November 21st, 2024
Effective:
December 31st, 2025
map-marker New Mexico
New Mexico Reminder Upcoming Annual Registration Renewal Fees
Posted November 19, 2024, New Mexico sent out a reminder about upcoming due dates for annual registration renewal fees (December 31, 2024). For timely processing, New Mexico advises renewal fees should be submitted on or before December 9, 2024. Please see the attachment for more information.
Effective
November 21st, 2024
Effective:
December 13th, 2024
map-marker New York
New York License Status “Cancelled” Renewal Updates
Effective December 13, 2024, New York applicants with a Status Reason of “Cancelled” with a future expiration date will not be able to submit electronically. They will need to contact the New York Department of Financial Services (DFS) for additional information. New York applicants with a Status Reason of “Cancelled” and an expiration date in the past will still be able to be processed electronically.
Effective
November 21st, 2024
Effective:
March 31st, 2025
map-marker North Carolina
North Carolina 2025 Company Appointment Renewals
Posted November 19, 2024, North Carolina announces that the company appointment renewal invoices will be available for payment from February 3, 2025, to March 31, 2025. The termination deadline is January 22, 2025. The invoice grace renewal period is April 1, 2025, to May 14, 2025, until 4 pm central time   Please see the attachment for cost information.
Effective
November 20th, 2024
Effective:
December 15th, 2024
map-marker Maine
Maine Adding Additional Nonresident Surplus Lines Broker Requirements
Effective December 13, 2024, Maine will require nonresident applicants applying for a Surplus Lines Broker line of authority to hold Surplus Lines in their resident state.
Effective
November 15th, 2024
Effective:
November 15th, 2024
map-marker Vermont
Vermont to Implement New Transaction Types to Process DRLP Changes
November 15, 2024, Vermont will implement new transaction types to process designated responsible licensed producers (DRLP).
Pending
November 15th, 2024
Effective:
November 01st, 2024
map-marker Delaware
Delaware Appointment Fee Update and Resident Licensing Requirements
Effective November 1, 2024, Delaware made the following updates: Resident Licensing Cleaned up the language for a resident producer license - A resident producer license applicant must: - Be a Delaware resident; or - Work for a business entity that: - Is licensed to conduct the business of insurance in Delaware; and - Maintains a physical location in Delaware that is open to the public and from which such business is conducted. Nonresident License - Appointment fees have been reduced from $50 to $25 Please see the following link for more information. 
Effective
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