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.
December 19
Wisconsin 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.
February 14
District of Columbia 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.
January 01
Kansas 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.)
January 31
California 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
February 12
Pennsylvania Effective February 12, 2025, Pennsylvania issues a bulletin providing additional clarification and modernization updates to its Administrative Code, resulting in a modernized and streamlined experience that will give more transparency and efficiencies to the public, licensees, and other stakeholders. Please see the attachment for more information.
December 20
Florida Effective December 20, 2024, Florida will start populating the Continuing Education Renewal Date on the Producer Database for Florida license classes that require Continuing Education.
May 31
District of Columbia Effective March 4, 2025, District of Columbia company appointment renewal invoices will be available for payment from March 4, 2025, through May 31, 2025. The termination deadline is February 24, 2025. The cost is $25 per appointment per company.
January 09
Louisiana Effective January 9, 2025, Louisiana will start requiring applicants to renew all renewable lines of authority within the same license class in the same application. No partial renewals will be allowed.
December 31
Oklahoma Posted November 7, 2024, Oklahoma Insurance Department is requesting that all insurers who submit surplus lines policy and premium data for the year 2024, and going forward. To report that information to the Oklahoma Insurance Department via the SLIP system. OK SLIP Please take a look at the attachment for more information. Attached also is an updated FAQ for Surplus Lines from the Oklahoma Insurance Department
January 01
South Dakota Effective January 1, 2025, South Dakota adjusted two rules affecting continuing education: Please see the attachment for more information.
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