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.
September 06th , 2024
Effective:
September 01st , 2024
September 01
Michigan
Michigan Updates Time Licensees Must Respond To Consumer Complaints
Effective September 1, 2024, Michigan Department of Insurance has changed the standard time by which licensees must respond to consumer complaints. Licensees will have 14 calendar days to respond to a complaint after it is sent to the licensee’s email and/or mailing address on record with the Department. Please see the attachment for more information.
Effective
September 06th , 2024
Effective:
September 12th , 2024
September 12
Texas
Texas Webinar Licensing and Best Practices
On September 12, 2024, Texas Department of Insurance is hosting a webinar where they will discuss recent changes in licensing and best practices for getting and maintaining an insurance license.
Attendees can earn one hour of CE credit. Use the following link to sign up or to find more information.
Effective
September 06th , 2024
Effective:
August 01st , 2024
August 01
Illinois
Illinois Updated Language and CE For Navigator, In-person counselor, and Certified application counselor
Effective August 1, 2024, Illinois cleaned up language around: CE requirements, renewal window for certification, and how to perform activities on State-based Exchange around individual resident and nonresident licenses around the following license classes: navigator, in-person counselor, and certified application counselor.
Illinois updated causes for revocation involving when a felony conviction may not be a cause for action (suspend, revoke, or deny a license).
Conviction of a felony, unless the individual demonstrates sufficient rehabilitation to warrant the public trust
Please see the attachment for more details.
Effective
September 06th , 2024
Effective:
September 13th , 2024
September 13
Colorado
Colorado To Add New Firm License Classes for PDB Display
Effective September 13, 2024, Colorado will begin loading a Pharmacy Benefit Manager license class and line of authority for Producer Database (PDB) display.
Released
September 05th , 2024
Effective:
September 06th , 2024
September 06
Indiana
Indiana To Add New Firm License Classes for PDB Display
Effective September 6, 2024, Indiana will be adding a new license class of Third Party Administrator-Designated Home State for Producer Database (PDB) display.
Released
September 04th , 2024
Effective:
October 03rd , 2024
October 03
N/A
NASAA Seeks Public Comment On Proposed Amendments
Posted September 3, 2024, NASAA is seeking public comment on proposed amendments to two NASAA model rules to support NASAA’s Exam Validity Extension Program (“EVEP”). The two NASAA model rules are:
- The NASAA Model Rule: Examination Requirements for Broker-Dealer Agents
- The NASAA Model Rule: Examination Requirements for Investment Adviser Representatives
Effective
September 03rd , 2024
Effective:
October 11th , 2024
October 11
Florida
Florida Implements New Rule Around Tax Identification Numbers And CE Renewal Date Display
Effective October 11, 2024, Florida will implement a new rule to decline individual applications if the Tax Identification Number begins with the number nine.
Additionally, the Continuing Education Renewal Date will begin to display on the Producer Database for Florida license classes that require CE.
Update: September 24, 2024, the Continuing Education Renewal Date displaying will be pushed back to a later date. At this time, no ETA.
Pending
September 03rd , 2024
Effective:
October 01st , 2024
October 01
Texas
Texas To Raise Prices For Submitting Course Completion Information
Effective October 1, 2024, Texas will raise the cost for submitting course completion information. The price will increase to $1.30 per credit hour reported. Please see the attachment for more information.
Effective
September 03rd , 2024
Effective:
September 10th , 2024
September 10
Colorado
Colorado Seeking Comments On Draft Proposals Concerning Surplus Lines Insurance
Posted August 30, 2024, Colorado Department is seeking comments on the following draft proposed concerning Surplus Lines Insurance for setting necessary disclosure requirements for surplus lines insurance contracts. Please submit your comments via email ([DORA\_Ins\_RulesandRecords@state.co.us](mailto:DORA_Ins_RulesandRecords@state.co.us).)
The Department has asked for comments no later than 5 pm MT, September 10th, 2024. Please see the attachment for more information.
Effective
September 03rd , 2024
Effective:
July 01st , 2024
July 01
Idaho
Idaho Makes Changes For Residents For Appointment Renewals And Initial Appointments
Effective July 1, 2024, Idaho made changes for residents involving rule removal and rule language updates.
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).