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.
December 16
Maine Updated November 6, 2024. The new effective date is December 13, 2024 Updated December 5, 2024. The new effective date is December 16, 2024
Effective November 15, 2024, Maine will begin offering a new transaction type to process individual and business entity primary name updates. With this change, Maine isn't allowing the following license classes to submit primary name updates. Click below for the list:
September 10
Florida Effective September 10, 2024, Florida added the following for filing of Surplus Lines forms. Each surplus lines agent subject to paying the premium tax must provide discounts for certain policies with an effective date between October 1, 2024 and September 30, 2025, and must file information regarding these deductions on a quarterly basis.
September 19
The North American Securities Administrators Association (NASAA) announced that there will be no changes to the Investment Adviser Registration Depository (IARD) system fees for 2025. The waiver of IARD system fees for state-registered investment adviser firms will continue through 2025, and the initial set-up and annual system fees will remain unchanged. Please click the following link for more information.
October 29
Arkansas Posted on September 18, 2024, Arkansas Insurance Department will host a public hearing on October 29, 2024, at 10 AM. The Department is considering adopting a new proposal granting expedited licensure for military service members, veterans, and spouses. Please see the attachment for more information.
September 17
Idaho Effective September 17, 2024, Idaho implemented new transaction types to process Designated Responsible Licensed Producers (DRLP).
September 13
New Jersey Effective September 13, 2024, New Jersey will implement a new transaction type to process Primary Name Change (Demographics) updates.
December 26
Effective December 26, 2024, FINRA proposes a rule change to amend Form U4 by adding a new RSL question. The new question would require member firms to indicate whether a non-registered location identified on Form U4 as a private residence is an RSL, by responding “Yes” or “No”. Please see the attachment for more information.
September 13
New Jersey Effective September 13, 2024, New Jersey will implement new transaction type to process Designated Responsible Licensed Producer (DRLP).
August 01
Oklahoma Effective August 1, 2024, Oklahoma decreased the Producer examination fees from $41.00 to $38.00.
January 22
Ohio Effective January 22, 2025, Ohio added training requirements for residents and nonresidents for pet insurance producers.
Please try searching with another term
For the truly curious, subscribe to our updates and never miss a relevant regulatory update.