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.
July 16th , 2024
Effective:
June 24th , 2024
June 24
Montana
Montana List of Eligible Surplus Lines Companies
On June 24, 2024, Montana provided a list of eligible Surplus Lines companies. Please see the attachment for more information.
Effective
July 16th , 2024
Effective:
July 01st , 2024
July 01
Alabama
Alabama Legislation Update for HMO
Effective July 1, 2024, Alabama released a legislation update affecting sales agents writing for Health Maintenance Organizations (HMO). Please see the attachment for more information.
Effective
July 16th , 2024
Effective:
September 30th , 2024
September 30
Ohio
Ohio Nonresident Navigator Licensing Fees
On July 15, 2024, Ohio amended the effective date for resident individual insurance navigator initial and renewal fee changes from October 3, 2023 to September 9, 2024.
Initial license: currently $200.00 will change to $0.00
Renewal fee: currently $100.00 will change to $0.00
Please see the attachment for full details.
Effective
July 15th , 2024
Effective:
September 15th , 2024
September 15
Pennsylvania
Pennsylvania Adding and Revising Licensing Requirements and Definitions for Travel Producers
Effective September 15, 2024, Pennsylvania will be adding licensing requirements and updated definitions for resident and nonresident insurance producers related to travel insurance. Please see the attachment for more information
- Added travel administrator requirements and definitions
- Revised the following insurance producers' definitions and requirements
- Limited lines travel insurance producer
- Travel insurance producer
Effective
July 11th , 2024
Effective:
October 01st , 2024
October 01
Alabama
Alabama Amends Title Insurance Renewal Procedures
On July 10, 2024, Alabama amends its title insurance agent renewal procedures, effective October 1, 2024. Please see the attachment for more information.
Effective
July 11th , 2024
Effective:
July 11th , 2024
July 11
Texas
Texas Issues a Disaster Declaration
On July 10, 2024, Texas Acting Governor Dan Patrick issued a disaster declaration from a recent hurricane including claims and emergency adjuster information.
Effective
July 11th , 2024
Effective:
July 12th , 2024
July 12
Nebraska
Nebraska Implements New Transaction Type to Process Designated Responsible Licensed Producer
Effective July 12 2024, Nebraska is implementing a new transaction to process Designated Responsible Licensed Producer (DRLP) updates.
Effective
July 11th , 2024
Effective:
July 01st , 2024
July 01
Alabama
Alabama Issues Credit Producer Legislation
On July 10, 2024, Alabama issued legislation affecting credit Insurance producers' and business entities' licensing and standards, effective July 1, 2024. Please see the attachment for more information.
Effective
July 11th , 2024
Effective:
July 08th , 2024
July 08
Pennsylvania
Pennsylvania Surplus Lines Broker Fee Updates (Personal Lines)
Effective July 8, 2024, Pennsylvania has amended the Surplus Lines broker fees for personal lines. This bill also discusses inspection fees. See the attachment for more information.
Updated: On September 18, 2024, Pennsylvania changed the information required on the monthly report to the Department to include service fees charged.
“Each report shall include the amount of the service fees charged for each surplus lines insurance policy issued.” Please see the attachment for more information.
Effective
July 03rd , 2024
Effective:
July 03rd , 2024
July 03
Maine
Maine Posts Response to Recently Distributed Misinformation
On July 3, 2024, Maine posted a response to some recently distributed misinformation. The Maine Bureau of Insurance would like to assure all interested parties that there have been NO changes to Maine’s appointment fees, processes or renewal schedules. See attachment for more information.
Effective
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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).