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.
September 30
North Carolina Effective September 30, 2024, North Carolina has declared a state of emergency due to Hurricane Helene. The state will permit nonresident adjusters and motor vehicle damage appraisers to handle claims. This order will be in effect for 60 days from September 30, 2024. Please see the attached document for more information.
When applying please use the link below
November 04
Wisconsin Effective November 4, 2024, Wisconsin will move to a new address. When sending information to the Department, be sure you are using the new address. Please see the attachment for more information.
November 01
North Dakota Effective November 1, 2024, North Dakota will go paperless. All correspondence sent from the Licensing Division will be distributed via email. Please see the attachment for more information.
October 14
Texas Effective October 14, 2024, Texas Department of Insurance amended outdated laws and has revised the timeline for setting up a hearing with the Department. If an applicant’s application for a license or certificate of authority is denied, the person will have 30 days from the date of denial to make a written request for a hearing. Please see the attachment for more information.
November 15
Nebraska Effective November 15, 2024, Nebraska will implement No Home State initial licensing for Motor Club electronically for individuals.
September 20
Louisiana Effective September 20, 2024, Louisiana defines the requirements to receive a surplus lines insurance refund or credit for taxes paid on gross premiums received by the Department of Insurance. Please see the attachment for more information.
September 16
Wyoming Effective September 16, 2024, Wyoming requests additional information regarding non-admitted insurance written in 2024 and going forward. Surplus Lines Brokers that transact business with non-admitted insurers where Wyoming is the home state are required to file tax reports with the Wyoming Department of Insurance through the Surplus Lines Information Portal (SLIP) SLIP Website - Please see the attachment for more information.
October 10
Kentucky Effective October 10, 2024, Kentucky will add Self-Service Storage Space to be processed electronically for Appointments and Terminations.
October 09
Alaska Posted September 18, 2024, Alaska Division of Insurance will hold a public hearing to solicit public testimony regarding the types of insurance for which insureds generally cannot secure coverage from admitted insurers so that the director may issue an order, which will update the surplus lines placement list. Any interested person may comment on the proposed action at a hearing on October 9, 2024. Please see the attachment for more information.
January 02
Illinois Illinois announces its company appointment renewal period to be November 5, 2024 - January 2, 2024.
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