Regulatory Updates

Effective August 30, 2024, Illinois will implement new transaction types to process Designated Responsible Licensed Producer (DRLP) and Primary Name Change (Demographics) updates. 

Effective August 30, 2024, New Mexico will issue temporary insurance producer licenses through NIPR. This offering is to circumvent New Mexico’s “blackout” period while they change Insurance Examination Vendors. Please see the following attachment for more details.

Effective August 28, 2024, Missouri passed a bill involving a regulated entity will not have less than 30 calendar days to submit any record or material requested by the Department. Please see the attachment for more information.

Effective August 29, 2024, Maine updated the state-specific course approval form. This form is for Maine resident CE providers and providers who are requesting Maine as the courses' home state. Please see attached for more information. 

Effective October 11, 2024, Connecticut will allow residents to change the state code of the Residence, Mailing and Business address electronically.

Posted August 26, 2024, Utah announced due to the number of questions the state receives regarding title licensees, the Department is asking you to please submit all questions to the following email address: title@utah.gov At the next monthly meeting, all questions will be answered during the meeting. The Department will send the response to the questioner, and keep a record of all questions and responses via the following website.  https://insurance.utah.gov/licensees/title/tec/ Please see the attachment for more information.

Effective September 13, 2024, Colorado will implement new validations for Texas residents applying for a nonresident Title license in Colorado. Each state maps a line of authority to another state, the license offered by Texas is not reciprocal for a Title authority in Colorado.

Effective November 1, 2024, Oklahoma is updating the reporting dates for an address violation. Currently if failing to report a change of contact information within thirty (30) days, you will be subject to an address violation fee. With the new amendment, that date is being updated to be within twenty (20) days of the change. Please see the attachment for more infomation.

Effective August 11, 2024 - Oklahoma added requirements for surplus lines brokers that they must electronically file information relating to quarterly and annual filings and tax payments through the electronic database designated by the Insurance Commissioner - Filings must be accompanied by an attestation under penalty of perjury that the information submitted is true and correct. - Policies or endorsements that are exempt from surplus lines premium taxes must be reported. - All taxes dues on surplus line policies must be collected by the broker who procures the policy and remitted to the Insurance Commissioner quarterly by April 30, July 31, October 31, and January 31. - A broker is not required to report business for a quarter during which no business was transacted, but must still file an annual tax report even if zero business was reported.

Effective August 22, 2024, South Carolina made changes to the fingerprinting process for Insurance Producers and Bail Bondsman licenses.  - When the fingerprint form and application must be submitted - Companies may not save and reuse ORI numbers/service codes - Any public information containing fingerprint instructions must be removed immediately Please see the attachment for more information.