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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Publication Date
jurisdictions
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December 20th, 2024
Effective:
March 31st, 2025
map-marker Wyoming
Wyoming 2025 Company Appointment Renewal
Effective February 1, 2025, Wyoming company appointment renewal invoices will be available for payment through March 31, 2025. The last day to terminate an appointment is January 31, 2025. Please see the attachment for more information. 
Effective
December 20th, 2024
Effective:
January 01st, 2025
map-marker Alaska
Alaska Establishes Standards For Data Security
Effective January 1, 2025, Alaska will establish standards for data security and notification requirements in case of a cybersecurity event.
Effective
December 20th, 2024
Effective:
March 03rd, 2025
map-marker North Dakota
North Dakota 2025 Company Appointment Renewal
Effective March 3, 2025, North Dakota company appointment renewal invoices will be available for payment electronically through April 30, 2025. The termination deadline is February 14, 2025. Total Fee per Appointment - $10.00 Please see the attachment for more information. 
Effective
December 20th, 2024
Effective:
January 01st, 2025
map-marker Utah
Utah Fingerprint Fee Update Resident Individual Licensing
Effective January 1, 2025, Utah will be updating its fingerprint fee from $28.25 to $27.00, for resident individual applicants for the offering license classes: - Producer, - Surplus Lines Producer, - Independent Adjuster, - Public Adjuster, - Limited Line Producer Indiv, - Reins Intermediary - Third Party Administrator, - Managing General Agent, - Consultant
Effective
December 20th, 2024
Effective:
February 14th, 2025
map-marker Nevada
Nevada Producer and Adjuster Rule Update
Effective February 14, 2025, Nevada will implement revised licensing rules for Resident and Nonresident Adjusters and Producers. If applications do not adhere to these rules, they will be automatically rejected. The updates are as follows:  Licensing Rule Changes  - Producers with Property and/or Casualty LOAs: Will be ineligible to apply for Adjuster licenses (Independent, Public, Company, or Staff Adjuster).  - Adjusters with Property and/or Casualty LOAs: Will be restricted from applying for Producer licenses with Property and/or Casualty LOAs.  Nevada is also taking steps to update Adjuster Business Rules that align with the latest Designated Home State (DHS) standardized template.
Effective
December 19th, 2024
Effective:
February 14th, 2025
map-marker Rhode Island
Rhode Island Amendment Fee Removed
Effective February 14, 2025, Rhode Island will update their amendment fee (LOA addition) from $50 to $0. This change is for Business Entities and individuals for: Resident, Nonresident, and No Home State applications. As well as Nonresident Adjusters applications for individuals. 
Effective
December 19th, 2024
Effective:
December 19th, 2024
map-marker Wisconsin
Wisconsin Termination Bulletin Reminder
Posted December 19, 2024, Wisconsin posted a bulletin reminding Insurance Companies that they must submit notice of agent termination within 30 calendar days of the termination date to the commissioner. Please see the attachment for more information. 
Released
December 19th, 2024
Effective:
February 14th, 2025
map-marker District of Columbia
DC Updating Exam Requirements When Moving To DC
Effective February 14, 2025, District of Columbia will be updating the exam requirements when an applicant moves to the District of Columbia from another state. The applicant is exempt from the license exam if applying within 90 days of the cancellation of their former resident state's license.
Effective
December 19th, 2024
Effective:
January 01st, 2025
map-marker Kansas
Kansas Implements a Nonresident Individual Reinstatement Fee
Effective January 1, 2025, Kansas is implementing a reinstatement fee for nonresident licensing for individual applicants who are reapplying 91 days past the license expiration date up to one year past the license expiration date. The fee will be $150 ($100.00 Reinstatement + $50.00 Application Renewal Fee.)
Effective
December 19th, 2024
Effective:
January 31st, 2025
map-marker California
California 2025 Premium Tax Filing
Effective January 31, 2025, California requires Surplus Line Brokers and Special Lines Surplus Line Brokers licensed to make an annual premium tax filing whether or not business was transacted during the reporting year via the Premium Tax Processing System Portal. For more information, please use the following link. [CA Tax Forms, Instructions & Information](https://www.insurance.ca.gov/0250-insurers/0300-insurers/0100-applications/tax-forms-instruct-and-info/index.cfm)
Effective
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