Regulatory Updates

On October 17, 2024, Oklahoma issued a bulletin regarding the Insurance Data Security Act. Key provisions include:  1. Exclusive state law for data security and cybersecurity event investigations 2. The obligation for licensees with a board of directors to submit annual information security program reports starting July 1, 2025 3. An annual data security attestation compliance attestation due by April 15 each year.  4. Licensees must notify the Insurance Commissioner of any cybersecurity events involving nonpublic information within three business days under certain conditions.  Please see the following link for more information [Bulletin 10/2024](https://www.oid.ok.gov/bulletin-no-2024-10/)

Effective October 7, 2024, Florida has granted a 60-day continuing education extension to all licensees with continuing education due in the following months: October, November, and December 2024. Please see the attachment for more information.

Alabama announces the company appointment renewal invoices will be available for payment from January 6, 2025 - March 1, 2025.  The termination deadline is December 31, 2024. The late renewal windows are as follows:  - March 2, 2025 - March 31, 2025  - April 1, 2025 - April 30, 2025  - May 1, 2025 - May 31, 2025

On October 14, 2024, FINRA posted a notification warning member firms of an ongoing phishing campaign that began around October 9, 2024, that involves fraudulent emails purporting to be from FINRA executives. These emails are not from FINRA, and firms should delete them and consider blocking their domains. For more information please use the link as follows. [FINRA Notification](https://www.finra.org/rules-guidance/guidance/cybersecurity-alert-phishing-campaign-100924)

Effective January 1, 2025**, **Kentucky company appointment renewals will be created, with invoices available for payment from January 3, 2025, through June 30, 2025. The termination deadline is December 31, 2024.

Effective October 11, 2024, Kansas implemented new transaction types to process Designated Responsible Licensed Producers (DRLP).

Posted October 8, 2024, Florida has announced the beta rollout of its upgraded system, SLIP+. Florida uses this system for filing surplus lines information and taxes in accordance with state law. Florida is encouraging customers to log into SLIP+ to familiarize themselves with its workflow before the legacy SLIP system is retired. Please use the link below for more information. [SLIP+ Newsletter](https://createsend.com/t/r-99B0C6E7E90321122540EF23F30FEDED) Update: All SLIP users will be redirected to SLIP+ effective November 18, 2024

Effective October 11, 2024, Hawaii will Implement new transaction types to process Name Change (Demographics) updates.

Effective November 15, 2024, New Mexico will update its licensing framework as follows: - Current title holders will automatically receive the Escrow Line of Authority (LOA) alongside their existing Title LOA. - Independent and Staff Adjuster licenses will be changed to the Property and Casualty LOA. - New Lines of Authority for Insurance Consultants will include: - Fraternal - Fraternal Accident and Health - Fraternal Life - Fraternal Variable Life and Annuity - New exams will be introduced for: - Independent and Staff Adjusters (Workers Compensation and Public Entity) - Insurance Producers (Escrow) Update: November 15, 2024, due to unseen technical difficulties, this change wasn't able to go live on November 15, 2024. Once resolved, an update will be posted.

Effective November 15, 2024, Iowa will remove the date of birth requirement on Appointment and Termination transactions.