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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April 18th, 2023
Effective:
April 24th, 2023
map-marker Iowa
Iowa to Add a New Status Reason
Effective April 24, 2023, Iowa is adding the status reason Not Compliant.
Effective
April 18th, 2023
Effective:
April 17th, 2023
map-marker Mississippi
Mississippi Issues Bulletin Regarding CE Exemption for Insurance Producers Aged 65 and Older
During the 2023 Regular Legislative Session, the Mississippi Legislature passed House Bill 1084, which amends Section 83.-17.251 of the Mississippi Code to provide that any individual who is sixty-five(65) years of age or older and who has been licensed as an insurance producer for a continuous peril of twenty-five (25) years or more, may be exempt from insurance producer continuing education requirements. See attachment for full details.
Effective
April 17th, 2023
Effective:
June 09th, 2023
map-marker West Virginia
West Virginia passes Travel Insurance Entity Producer Limited License Act
West Virginia passes Travel Insurance Entity Producer Limited License Act. Passed March 11, 2023; in effect 90 days from passage. See attachment for full details.
Effective
April 17th, 2023
Effective:
April 17th, 2023
map-marker Guam
NASAA votes to admit Guam to the association
NASAA votes to admit Guam to the association. See attachment for full details.
Effective
April 17th, 2023
Effective:
April 17th, 2023
map-marker Texas
Texas Proposes Amendments to Licensees with Criminal History
The Texas Department of Insurance proposes amending 28 TAC §1.502, concerning licensing persons with criminal history. These amendments update the section for consistency with Occupations Code §§53.021, 53.022, and 53.023, amended by House Bill 1342, 86th Legislature, 2019.  See attachment for full details.
Effective
April 17th, 2023
Effective:
April 17th, 2023
N/A
NASAA approved two regulatory proposals
NASAA approved two regulatory proposals. See attachment for details.
Effective
April 14th, 2023
Effective:
April 14th, 2023
map-marker Kentucky
Kentucky Clarifies its Local Government Premium Tax Process for Carriers and Surplus Lines Brokers
Kentucky clarifies its Local Government Premium Tax process for carriers and Surplus Lines brokers. See attachment for full details.
Effective
April 14th, 2023
Effective:
June 30th, 2023
map-marker Arkansas
Arkansas 2023 Company Appointment Renewals
Arkansas has released their 2023 Company Appointment Renewal dates. The renewal dates are 6/1/2023 - 6/30/2023. Electronic Termination Deadline is 5/24/2023 and the paper deadline is 5/1/2023
Effective
April 14th, 2023
Effective:
May 12th, 2023
map-marker Alaska
Alaska to Add Surplus Lines Broker Mapping
Effective May 12th, 2023, Alaska will require non-resident Alaska applicants for Surplus Lines Broker to hold Surplus Lines in their resident state.
Effective
April 13th, 2023
Effective:
June 08th, 2023
map-marker Virginia
Virginia Will Add Non-Uniform Questions for Viatical Settlement Broker
Effective June 9, 2023, Virginia will add new Non-Uniform Questions for Viatical Settlement Broker applicants. These will be required for Resident, Non-Resident, Resident Renewal, and Non-Resident Renewals.
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).