Regulatory Updates

Posted November 19, 2024, North Carolina announces that the company appointment renewal invoices will be available for payment from February 3, 2025, to March 31, 2025. The termination deadline is January 22, 2025. The invoice grace renewal period is April 1, 2025, to May 14, 2025, until 4 pm central time   Please see the attachment for cost information.

Effective December 13, 2024, Maine will require nonresident applicants applying for a Surplus Lines Broker line of authority to hold Surplus Lines in their resident state.

November 15, 2024, Vermont will implement new transaction types to process designated responsible licensed producers (DRLP).

Effective November 1, 2024, Delaware made the following updates: Resident Licensing Cleaned up the language for a resident producer license - A resident producer license applicant must: - Be a Delaware resident; or - Work for a business entity that: - Is licensed to conduct the business of insurance in Delaware; and - Maintains a physical location in Delaware that is open to the public and from which such business is conducted.

Nonresident License - Appointment fees have been reduced from $50 to $25 Please see the following link for more information. 

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.