Regulatory Updates

Posted January 17, 2025, Louisiana provides guidance via an Advisory Letter regarding “policy fees” being subject to premium tax. "Premium" means all sums charged, received, or deposited as consideration for the purchase or continuance of insurance for a stated term, and shall include any assessment, membership, policy, survey, inspection, service or similar fee or charge made by an insurer as a part of the consideration for the purchase or continuance of insurance. Please see the attachment for more information.

Posted January 17, 2025, Oklahoma posted a bulletin to inform and clarify all producers and insurers, about its anti-rebating statute. The practice of returning any portion of commissions in the securing and/or retaining insurance business, violates the unfair trade practice laws. Please see the link as follows for more information. Anti-Rebating Statute

Effective January 16, 2025, Delaware will implement a new transaction type to process Name Change (Demographics) updates to process individual and business entity primary name updates.

Effective January 17, 2025, Iowa will implement a new transaction type to process Name Change (Demographics) updates to process individual and business entity primary name updates.

Effective February 14, 2025, Rhode Island will allow the Title license class to be appointed and terminated electronically. The Rhode Island Insurance Division expects all active title licensee appointments to be submitted electronically by February 28, 2025.

Posted January 14, 2025, Maryland is requesting that all insurers, non-profit health service plans, and dental plan organizations authorized to issue insurance contracts that provide health insurance, life insurance, property insurance, or casualty insurance in Maryland; health maintenance organizations licensed to operate in Maryland; the Maryland Automobile Insurance Fund; the Joint Insurance Association; and premium finance companies.

Shall provide the contact information requested to the Maryland Insurance Administration by close of business on April 15, 2025. Please see the attachment for more information.

Effective January 15, 2025, Rhode Island will be updating approximately 76,000 Rhode Island appointment expiration dates from March 1, 2026, to January 31, 2026. All future 2025 appointments will automatically be set for January 31, 2026, going forward.

Update: Due to technical problems, these expiration dates will populate tomorrow (January 16, 2025)

Effective November 25, 2025, Rhode Island made the following fee change for residents and nonresidents.

Life Settlement Provider  - Old Fee - Initial license fee: $1,000.00 - Annual fee (filed with annual report): $1,000.00 - - New Fee - Initial license: $1,000.00 - Annual fee (filed with annual report): $500.00

Effective January 14th, 2025, South Carolina has extended the state of emergency bulletin from Hurricane Helene. This state is extending the original bulletin rule by an additional 90 days (April 25, 2025), nonresident adjusters or motor vehicle physical damage appraisers will be permitted to enter the state to handle adjustments without being required to be licensed in South Carolina. Please see the attachment for more information.

Posted on January 13, 2025, California Governor Gavin Newsom proclaimed a state of emergency for the Los Angeles and Ventura Counties area due to the Palisades fire burning in California. The state of emergency authorizes insurers and licensed insurance adjusters to be able to utilize nonlicensed adjusters to the extent such use is reasonably necessary to respond to the losses arising out of the wildfires if each of the following three requirements are met:

1) The work performed by nonlicensed adjusters is under the active direction, control, charge, and/or management of a qualified licensed adjuster, qualified manager, or an insurer authorized to do business in California.

2) The nonlicensed adjuster registers with the Insurance Commissioner within 15 days from the date on which the nonlicensed adjuster commences the claims adjusting activity in connection with the wildfires.  Registration Information Registration is valid for a period of 180 days from the date of the registration.

3) All claims adjusters, whether California-licensed or not, who are assigned to wildfire claims must be properly trained on:  - California Unfair Practices Act, Fair Claims Settlement Practices Regulations,  - All laws relating to property and casualty insurance claims handling Please see the attachment for more information.