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.
March 06
Arkansas Posted March 6, 2025, Arkansas posted a bulletin regarding 2025 appointment renewals for insurance producers. An insurance company must annually renew all producer records on its appointed Arkansas producers and business entities file. Please see the attachment for more information. The company can research its appointed producers and business entities by going to the following link.
April 11
Maine Effective April 11, 2025, Maine will add the Worker’s Compensation line of authority to the Adjuster (Nonresident) license classes, as reflected on the Producer Database Display.
March 04
North Dakota Posted March 4, 2025, North Dakota sent out a reminder about the 2025 appointment renewal. Payment starting March 3, 2025. Invoices must be paid by April 30, 2025, via NIPR.
March 03
Alabama Posted March 3, 2025, Alabama will not accept or process new filings for registration or licensing of captive insurance companies and risk retention groups.
This moratorium is temporary and may last six months or for a shorter or longer time period. Please direct any questions about this Bulletin to the Department's Examination Division at ExaminationDivision@insurance.alabama.gov.
February 24
New York Posted February 24, 2025, The Excess Line Association of New York (ELANY) published a bulletin clarifying policy fees paid to producers and taxable premiums. Please see the attachment for more information.
March 17
New York Posted February 24, 2025, The Excess Line Association of New York (ELANY) issued a bulletin reminding stakeholders of the final notice for reporting 2024 premium tax statements.
All licensed excess line brokers must file a tax return ELECTRONICALLY (Premium Tax Statement) on or before March 17, 2025, even if NO business was placed under that license. Please see the attachment and the following link for more information Premium Tax Statement
February 20
New Mexico Effective February 20, 2025, New Mexico will only accept name changes for individuals and business entities online using NIPR.
Previous name change forms will no longer be accepted. Please see the attachment for more information.
March 14
Alaska Effective March 14, 2025, Alaska will be removing the designated responsible licensed producer requirement for Third Party Administrator license applications.
February 25
Delaware Effective February 25, 2025, Delaware implemented new transaction types to process Designated Responsible Licensed Producers (DRLP).
February 25
Alaska Effective February 24, 2025, Alaska will implement a new transaction type to process Name Change (Demographics) updates.
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