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 03rd , 2024
Effective:
August 19th , 2024
August 19
New Jersey
New Jersey Updates Requirements For A Hearing For Resident and Nonresident Licensees
NJ - Effective August 19, 2024, New Jersey updated requirements for a hearing from the Department after a licensee has been suspended or canceled within twenty calendar days for residents and nonresidents.
Effective
September 03rd , 2024
Effective:
Maine
Maine Updating Rules For Address Change Requests And Allowing Business Entities To Process Address Change Requests
Effective date to be determined, Maine will allow Business Entities to process contact change requests electronically. Additionally, existing individual Contact Change Request processing rules will be updated.
Update: Maine has temporarily delayed these updates. Additionally, new requirements have been added to exclude specific license types from submitting contact updates electronically. Contact changes for the license types below will need to be submitted to Maine directly.
- Workers Comp Individual Self-Insurer
- Workers Comp Group Self-Insurer
- Continuing Retirement Community-Domestic
- Continuing care retirement community – foreign
- Captive Insurer
- Multiple Employer Welfare Domestic
Pending
September 03rd , 2024
Effective:
August 30th , 2024
August 30
Illinois
Illinois to Implement New Transaction Types to Process DRLP Changes and Primary Name Updates
Effective August 30, 2024, Illinois will implement new transaction types to process Designated Responsible Licensed Producer (DRLP) and Primary Name Change (Demographics) updates.
Pending
September 03rd , 2024
Effective:
August 30th , 2024
August 30
New Mexico
New Mexico Temporary Insurance Producer License
Effective August 30, 2024, New Mexico will issue temporary insurance producer licenses through NIPR. This offering is to circumvent New Mexico’s “blackout” period while they change Insurance Examination Vendors. Please see the following attachment for more details.
Released
September 03rd , 2024
Effective:
August 28th , 2024
August 28
Missouri
Missouri Passed A Bill Involving Minimum Time The Department Will Request Records From An Entity
Effective August 28, 2024, Missouri passed a bill involving a regulated entity will not have less than 30 calendar days to submit any record or material requested by the Department. Please see the attachment for more information.
Effective
September 03rd , 2024
Effective:
August 29th , 2024
August 29
Maine
Maine Updates State-Specific Course Approval Form
Effective August 29, 2024, Maine updated the state-specific course approval form. This form is for Maine resident CE providers and providers who are requesting Maine as the courses' home state. Please see attached for more information.
Effective
August 27th , 2024
Effective:
October 11th , 2024
October 11
Connecticut
Connecticut Address Change Updates
Effective October 11, 2024, Connecticut will allow residents to change the state code of the Residence, Mailing and Business address electronically.
Effective
August 27th , 2024
Effective:
August 27th , 2024
August 27
Utah
Utah Title License Questions and Answers
Posted August 26, 2024, Utah announced due to the number of questions the state receives regarding title licensees, the Department is asking you to please submit all questions to the following email address: title@utah.gov
At the next monthly meeting, all questions will be answered during the meeting. The Department will send the response to the questioner, and keep a record of all questions and responses via the following website.
https://insurance.utah.gov/licensees/title/tec/
Please see the attachment for more information.
Effective
August 27th , 2024
Effective:
September 13th , 2024
September 13
Colorado
Colorado Title License Not Reciprocal With Texas
Effective September 13, 2024, Colorado will implement new validations for Texas residents applying for a nonresident Title license in Colorado. Each state maps a line of authority to another state, the license offered by Texas is not reciprocal for a Title authority in Colorado.
Released
August 26th , 2024
Effective:
November 01st , 2024
November 01
Oklahoma
Oklahoma Updating Address Violation Reporting Rules
Effective November 1, 2024, Oklahoma is updating the reporting dates for an address violation. Currently if failing to report a change of contact information within thirty (30) days, you will be subject to an address violation fee. With the new amendment, that date is being updated to be within twenty (20) days of the change. Please see the attachment for more infomation.
Effective
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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).