Regulatory Updates

Effective December 13, 2024, Massachusetts will begin validating exams for nonresident Public Adjuster and Adviser applicants. Applicants without a passed exam record will be unable to apply electronically.

Posted November 13th, 2024, Oklahoma sent out an email about the state's upcoming Oklahoma Insurance Day on December 4, 2024. Six hours of Continuing Education is being offered for those who attend. Please use the link below for more information about the event. Oklahoma Insurance Day 2024 Please see the attachment for more information. 

Update: Effective December 31, 2024, Florida will be retiring the legacy SLIP platform and moving everyone to the SLIP+ platform. 

Posted November 14, 2024, Florida announced starting November 18, 2024, all Surplus Lines Information Portal (SLIP) users will be redirected to SLIP+, which was launched in beta a month ago. You will use your existing SLIP credentials to log into SLIP+. Please use the link below for more information. SLIP+ Update

December 13, 2024, New Jersey will implement No Home State Initial and Renewal products for Third Party Administrator and Third Party Billing Service. 

Effective January 1, 2025, Kansas will be updating application fees for resident agents, nonresident agents, and public adjusters as follows:

Application Type    Application Fee Amount Resident agent       $15 Nonresident agent $50 Public Adjuster       $100

Please see the link as follows for more information: Kansas Register

Posted November 5, 2024, Excess Lines Association of New York (ELANY) posted a bulletin going over general guidance regarding insurer and broker fees based on questions being sent to the department. Please see the attachment for more information.

Effective December 13, 2024, Delaware will update Post Office Box and Private Mailbox address validation rules for individuals and business entities. - PO Box and Private Mailbox (PMB) are not permitted in the Residence / Business address field. - PO Box and Private Mailbox (PMB) are permitted in the Mailing address field.

Posted November 13, 2024, NASAA announced changes in January 2025 to the Electronic Filing Depository (EFD). The changes include migration to the commercial cloud, a new system URL, and new system support contact information.

EFD users should be aware of the following important announcements and changes. - System Availability: In order to accommodate the change to the cloud, EFD will not be available between January 1 - January 5, 2025. If filings are due during those days, they must be submitted no later than midnight, EST, on December 31, 2024. The migrated EFD will begin accepting filings at 9 a.m. EST on January 6th. - New Website: The migrated EFD will be hosted on a new website at nasaaefd.org. EFD users should plan to make all filings and payments through the new website after December 31, 2024. 

Please use the link below for more information. NASAA Post

Effective April 29, 2025, Pennsylvania is removing the resident license requirement of needing pre-license education credits. Pennsylvania is also adding Ethics and Flood requirements for renewal.  For each license, at least 3 of the 24 required CE hours must be about ethics. - If you're licensed before 4/29/2025, you must complete the ethics requirement by 4/29/2026 or by the end of your current license period (whichever is later). - If you're licensed on or after 4/29/2025, you must complete the ethics requirement by the end of your first license period. For property and casualty licensees, at least 2 of the 24 CE hours must be about flood insurance. - If you're licensed before 4/29/2025, you must complete the flood insurance requirement by 4/29/2026 or by the end of your current license period (whichever is later). - If you're licensed on or after 4/29/2025, you must complete the flood insurance requirement by the end of your first license period.

Effective January 1, 2025, Colorado Department adopts setting necessary disclosure requirements for surplus lines insurance contracts around non-admitted insurers. Please see the attachment for more information.