Regulatory Updates

Effective January 6, 2025, Iowa announces the company appointment renewal invoices will be available for payment from January 6, 2025 - March 17, 2025. The termination deadline is December 27, 2024. 

Effective November 15, 2024, Missouri will introduce a Limited Lines Self-Service Storage Producer license to the Producer Database (PDB), for individuals and business entities.

Effective January 1, 2025. Alaska has established specific requirements under Third-Party Administrators for pharmacy benefit managers that apply to both residents and nonresidents. These include general requirements, penalty fees, and renewal processes. Please see the attachment for more information.

Posted October 4, 2024, New Mexico announces the company appointment renewal invoices will be available for payment from January 3, 2025 - April 30, 2025. The termination deadline is December 27, 2024. Please see the attachment for more information. Renewal Fees:  $20 per appointment

The 2024 Louisiana appointment renewal dates are November 27, 2024, to January 2, 2025 The termination deadline is November 22, 2024. Renewal Fees: $20 per appointment renewal

Effective October 24, 2024, North Dakota will Implement new transaction types to process designated responsible licensed producers (DRLP).

Effective October 4, 2024, Virgin Islands will turn off the resident renewal process for electronic applications. Any transaction submitted will be declined until processing resumes. Update: October 9, 2024, Virgin Islands turned on the system for electronically processing applications as a resident renewal

The 2025 Wisconsin appointment renewal dates are January 6, 2025 – March 15, 2025 The termination deadline is December 31, 2024. Renewal Fees: Resident - $16 Nonresident - $30

On September 24, 2024, Georgia posted a bulletin indicating Governor Brian Kemp issued a State of Emergency due to the effects caused by Hurricane Helene.

In the event of a declared disaster or catastrophe, an insurer, or employer who is a licensed adjuster in this state, or is a regular employer of insurance adjusters in this state may request emergency disaster adjuster status for Georgia Registered Staff Adjusters, Out-of-State Staff Adjusters, or Out-of-State Licensees. Please see both attachments for more information.

Effective September 20, 2024, Louisiana amended training requirements for producers who transact annuity products. Producers who hold a life line of authority and who sell annuities must complete the course: - By 3/20/2025, if already licensed prior to 9/20/2024; or - Before selling annuities, if the producer was licensed on or after 9/20/2024. These changes also require how these classes must be taken, whether in the classroom or self-study and what topics are and are not allowed to be discussed during the course. Please see the attachment for more information.