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.
October 11
Hawaii Effective October 11, 2024, Hawaii will Implement new transaction types to process Name Change (Demographics) updates.
November 15
New Mexico Effective November 15, 2024, New Mexico will update its licensing framework as follows: - Current title holders will automatically receive the Escrow Line of Authority (LOA) alongside their existing Title LOA. - Independent and Staff Adjuster licenses will be changed to the Property and Casualty LOA. - New Lines of Authority for Insurance Consultants will include: - Fraternal - Fraternal Accident and Health - Fraternal Life - Fraternal Variable Life and Annuity - New exams will be introduced for: - Independent and Staff Adjusters (Workers Compensation and Public Entity) - Insurance Producers (Escrow) Update: November 15, 2024, due to unseen technical difficulties, this change wasn't able to go live on November 15, 2024. Once resolved, an update will be posted.
November 15
Iowa Effective November 15, 2024, Iowa will remove the date of birth requirement on Appointment and Termination transactions.
October 09
U.S. Virgin Islands Effective October 9, 2024, Virgin Islands will begin enforcing continuing education validations for resident renewals with the below license classes. Insurance Producer Public Adjuster Independent Adjuster Applicants who are required to complete CE will not be allowed to submit their renewal until they are compliant.
January 06
Iowa 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.
November 15
Missouri 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.
January 01
Alaska 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.
January 03
New Mexico 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
November 27
Louisiana 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
October 04
North Dakota Effective October 24, 2024, North Dakota will Implement new transaction types to process designated responsible licensed producers (DRLP).
Please try searching with another term
For the truly curious, subscribe to our updates and never miss a relevant regulatory update.