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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July 29th, 2024
Effective:
July 02nd, 2024
map-marker North Carolina
North Carolina Resident and Nonresident Licensing Requirements (Producer & Adjuster), and Updates With Terminating An Appointment
Effective July 2, 2024, North Carolina removed the state statute about not allowing an insurance producer license holding any of the following lines of authority: casualty, personal lines, or property to have an active adjuster license for resident and nonresident licensing requirements.  North Carolina added the following option for terminating an appointment, “Notice of cancellation may be submitted to the Commissioner by either the appointing insurer or appointed insurance producer.”
Effective
July 26th, 2024
Effective:
July 01st, 2024
map-marker Alabama
Alabama Resident and Nonresident Limited Lines: Credit Insurance Licenses Business Entity Requirements Update
Effective July 1, 2024, Alabama updated verbiage for resident and nonresident Limited Lines: credit insurance licenses. The requirements for a business entity to obtain a limited lines credit insurance producer license have been updated too. Please see the attachment for details on the adopted amendment.
Effective
July 26th, 2024
Effective:
October 01st, 2024
map-marker Alabama
Alabama’s Title Agent Fees Update
Effective October 1, 2024, Alabama’s Title Agent license class fees will be updated. Please see the attachment for details on the adopted amendment.
Effective
July 26th, 2024
Effective:
August 17th, 2024
map-marker Ohio
Ohio Inactive Appointments Being Removed From Producer Database (PDB)
Effective August 17, 2024, Ohio will no longer reflect appointments that have been inactive for over five years on PDB. 
Effective
July 25th, 2024
Effective:
June 30th, 2024
map-marker Delaware
Delaware Updated Requirements for Residents and Nonresident Adjuster Licenses
Effective June 30, 2024, Delaware Department of Insurance updated the requirements for residents and nonresident adjuster licenses when a licensed individual agent or broker doesn't need an adjuster license. Please see the attachment for more information
Effective
July 25th, 2024
Effective:
July 26th, 2024
map-marker North Carolina
North Carolina to Implement New Transaction Types to Process DRLP Changes and Primary Name Updates
Effective July 26, 2024, North Carolina will implement new transaction types to process Designated Responsible Licensed Producer (DRLP) and Primary Name Change (Demographics) updates. 
Pending
July 25th, 2024
Effective:
July 26th, 2024
map-marker Tennessee
Tennessee Implements New Transaction Type to Process Designated Responsible Licensed Producer
Effective July 26, 2024, Tennessee will implement a new transaction type to process designated responsible licensed producer (DRLP) updates.
Pending
July 25th, 2024
Effective:
September 01st, 2024
map-marker South Carolina
South Carolina Announced 2024 Company Appointment Renewal Dates
Update: September 9, 2024 - Invoice renewals have been turned back on Update: September 6, 2024 - Invoice renewals have been temporarily turned off to research discrepancies On July 25, 2024, South Carolina announced 2024 company appointment renewal dates.  - Termination Deadline August 26, 2024 - Invoice Renewal Period September 1, 2024 - September 30, 2024 - Late Renewal Period October 1, 2024 - December 1, 2024
Effective
July 24th, 2024
Effective:
October 01st, 2024
map-marker Maryland
Maryland Pre-Licensing Requirements
On July 24, 2024, Maryland posted a bulletin repealing the pre-licensing education and experience requirements for certain producer license applicants. This change will be effective on October 1, 2024. Please see the attached bulletin for more information.
Effective
July 24th, 2024
Effective:
July 24th, 2024
map-marker Georgia
Georgia Bulleting Addressing Surplus Line Insurers and Brokers Collecting Unauthorized Fees
On July 18, 2024, Georgia posted a bulletin addressing surplus line insurers and brokers collecting unauthorized fees. This bulletin supersedes the previous bulletin on this topic(Bulletin 22-EX-4), therefore this bulletin is meant to supersede and replace that bulletin. Please see the attachment to review the full bulletin.
Effective
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analyzed
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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).

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