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 03rd, 2023
Effective:
April 03rd, 2023
map-marker Wyoming
Wyoming Annual legislative and Regulatory Update Summary
Wyoming sent out a summary of legislative and regulatory updates. See full details on the attached document.
Effective
April 03rd, 2023
Effective:
May 11th, 2023
map-marker Missouri
Missouri implements new transaction type to process individual primary name updates
Effective May 11, 2023, a new transaction type will be implemented for Missouri to process individual primary name updates.
Pending
March 30th, 2023
Effective:
January 01st, 2022
map-marker Louisiana
Louisiana Revises its Catastrophe Claims Process Disclosure Guide
Effective January 1, 2023, Louisiana revises its Catastrophe Claims Process Disclosure Guide. See attachment for details,.
Effective
March 23rd, 2023
Effective:
March 23rd, 2023
map-marker Indiana
Indiana Pharmacy Benefit Manager License
Indiana now requires Pharmacy Benefit Managers to obtain a license. See attachment for full details.
Released
March 21st, 2023
Effective:
March 24th, 2023
map-marker Maine
Maine Will Add Self Storage Provider License Class for Display
Effective March 24, 2023, Maine will add a Self Storage Provider/Self Storage license to the PDB for display purposes only.
Released
March 16th, 2023
Effective:
August 01st, 2023
map-marker Illinois
Illinois Adds Grace Period to Implement Required Changes
The Illinois DOI has announced a grace period to implement changes made to 50 Illinois Administrative Code 3120, which includes new supervisory requirements for insurers to ensure producer compliance and training requirements for producers selling annuities. Companies are expected to comply by August 1, 2023.
Effective
March 14th, 2023
Effective:
March 14th, 2023
map-marker Maine
Maine to Add Limited – Home State Line of Authority
Effective March 14th, 2023, Maine will be adding the Limited - Home State line of authority to Producer Limited Non Resident license class.
Released
March 13th, 2023
Effective:
August 01st, 2023
map-marker Nebraska
Nebraska 2023 Company Appointment Renewal Period
Nebraska has announced their 2023 Company Appointment Renewals dates. The Renewal period is May 1, 2023 to July 31st, 2023. The termination deadline for any appointment not to be renewed is April 25th, 2023.
Effective
March 10th, 2023
Effective:
March 10th, 2023
map-marker New York
New York to Remove Non-Uniform Question
Effective March 10th, 2023, New York removed the Non-Uniform Background Question previously added on January 13, 2023.
Released
March 07th, 2023
Effective:
April 14th, 2023
map-marker Iowa
Iowa Update to Officer/Director Field for Business Entity Applications
Effective April 14th, 2023, Iowa will make the Officer/Director field mandatory for all initial Business Entity Applications.
Released
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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).