Regulatory Updates

On September 19, 2025, Washington released a prepublication draft for the rule on registering and identifying umpires in auto appraisals. The new law requires the Insurance Commissioner to register competent and disinterested umpires who will be identified to auto appraisers if they are unable to agree on an umpire to resolve their loss dispute. The comment period for the prepublication draft begins on Friday, September 19, and closes at 11:59 p.m. on September 28, 2025. Please send comments to rulesc@oic.wa.gov.

For more information on about the upcoming draft for this law, visit the following link R 2025-04

Posted September 19, 2025, New York removed a company from the list of Excess & Surplus lines (E&S) insurers, maintained by the Excess Line Association of New York (ELANY). Please see the attachment for more information.

Effective July 7, 2025, Nevada removed the following licensing requirements for a non resident Title agent. - The license application must include evidence that the title agent or escrow officer applicant - Is a resident of Nevada; or - Resides not more than 50 miles from the state border

Posted September 18, 2025, Georgia provided clarification on the citizenship affidavit notarization. Georgia will be reviewing any deficiency notices sent. For all resident and non-resident applications for all producers (individuals and business entities): - Online notaries will be accepted - Notaries can be from a state other than the resident state of the applicant - DocuSign is not accepted.  Please see the attachment for more information.

Effective November 15, 2025, Colorado has adopted the following amended regulation: 4-2-97 The purpose of this regulation is to provide the form and manner for a pharmacy benefit manager (PBM) to register annually with Colorado.

The North American Securities Administrators Association (NASAA) announced that there will be no changes to the Investment Adviser Registration Depository (IARD) system fees for 2026. The waiver of IARD system fees for state-registered investment adviser firms will continue through 2026, and the initial set-up and annual system fees will remain unchanged. Please click the following link for more information. https://www.nasaa.org/77387/nasaa-announces-2026-fee-schedule-investment-adviser-registration-depository/?qoid=current-headlines

Effective October 10, 2025, the Alaska Division of Insurance will implement updates to fingerprint, examination, and reinstatement requirements. These changes will reference: - The Line of Authority status date for cancelled licenses; and - The license expiration date for expired licenses. Additionally, continuing education compliance rules for cancelled licenses have been clarified. Fingerprint Requirements - A fingerprint card is required upon submission of an application. Exemptions: - Applicant currently holds an active Alaska license. - Application pertains to the following license classes: - Exempt Motor Vehicle Employee - Surplus Lines Broker - Viatical Settlement Representative - Third Party Administrator - Viatical Settlement Broker - Viatical Settlement Provider Notes: - Fingerprint cards remain valid for up to one year following the most recent line of authority status date. - Applicants holding an exempt license class listed above who apply for a new, non-exempt class will be subject to the fingerprint fee. Examination Requirements Exemptions: - Application submitted within 90 days of cancellation of a former resident state license. - Reinstatement of a license within one year of expiration. - Reinstatement of a license within one year of cancellation. Reinstatement Requirements - Applicants seeking reinstatement of a cancelled license must demonstrate continuing education compliance. Exemptions: - The initial license was issued less than 24 months before expiration. - Application pertains to the following license classes: - Third Party Administrator - Bail Bond Limited Producer - Credit Insurance Limited Producer - Motor Vehicle Rental Limited Producer - Title Insurance Limited Producer - Travel Insurance Limited Producer Renewal Penalty Fees: Assessed for applications submitted within two years following the expiration date. Exemption: Applications for Exempt Motor Vehicle Employee licenses are not subject to renewal penalty fees.

Effective October 10, 2025, South Dakota will update the non resident renewal retaliatory fees for the following states: Delaware and Nebraska. The updated fees will be applied to applicants who expire after December 31, 2025. 

Update: September 24, 2025. This update has been pushed back to the effective date of October 13, 2025.

Effective October 10, 2025, Wisconsin will update its existing Lines of Authority to align more closely with national standards. From October 09, 2025, at 4:00 PM Central Standard Time, to October 10, 2025, at 12:00 PM Central Standard Time, electronic applications will be closed for Wisconsin.

Effective January 1, 2026, Montana will adopt the SLIP+ for States platform for reporting Montana Surplus Lines policies, endorsements, and payment of Montana Surplus Lines premium taxes. Please see the attachment for more information.