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 18th , 2023
Effective:
January 17th , 2024
January 17
Arizona
Arizona Department of Insurance to Transition Continuing Education Services to State Based Systems (SBS)
Arizona will transition all Continuing Education (CE) services (course applications, course rosters, addresses, contact updates, print license and transcript, etc) to State Based Systems (SBS) on Wednesday January 17, 2024
Effective
December 18th , 2023
Effective:
January 12th , 2024
January 12
Nebraska
Nebraska Department of Insurance will Add Funeral Insurance Director LOA for Life License / Resident Licensing
Effective January 12, 2024, Nebraska Department of Insurance will require Residents to pass an exam or hold a Life license in Nebraska if applying to a Funeral Insurance Director license.
Effective
December 18th , 2023
Effective:
December 18th , 2023
December 18
Mississippi
The Mississippi Department of Insurance Updates Agreement Termination of Agency Contract for Individual Life & Annuity
On December 19, 2023, The Mississippi Department of Insurance updated the Notice to Commissioner section by adding a link to the Appointment Cancellation Notification form:
Effective
December 15th , 2023
Effective:
December 05th , 2023
December 05
California
California Department of Insurance Updates Wording for Producer Licensing Limited Lines Portable Electronics Vendor – Resident and Nonresidents
On December 5th 2023, California Department of Insurance changed Producer Licensing wording for residents and nonresidents in the Portable Electronics Vendor section. The change will update "communications equipment" to "portable electronics” while the rest of the information remains unchanged.
Effective
December 14th , 2023
Effective:
January 01st , 2024
January 01
Wyoming
State of Wyoming Department of Insurance Issues Memo on Company Appointment Renewal Process for 2024
- Appointment renewal invoices will be emailed on February 1, 2024.
- Retroactive appointment expiration effective January 31, 2024.
- Payment Due Date is March 31, 2024
- Last day to terminate appointment is January 31, 2024
Please see attached for additional information and payment details.
Effective
December 14th , 2023
Effective:
January 11th , 2024
January 11
Nebraska
Nebraska Department of Insurance to Add Surplus Lines Broker Mapping
Effective January 11, 2024, Nebraska will require nonresident Surplus Lines Broker applicants to hold Surplus lines in their resident state.
Effective
December 14th , 2023
Effective:
December 14th , 2023
December 14
Louisiana
Louisiana Department of Insurance Updates Licensing Information on P&C Surplus Lines Licenses and Premium Tax
On December 14, 2023, The Louisiana Department of Insurance updated the taxes and fees section for surplus lines further clarifying that there should be no regard to location of the covered property, risk or exposure for the home state of Louisiana, the rate still remains at 4.85% of gross premiums.
Effective
December 14th , 2023
Effective:
January 01st , 2024
January 01
Pennsylvania
The Pennsylvania Insurance Department Licensing Bureau Announces Electronic Form Submission Licensing Process
Effective January 1, 2024, The Pennsylvania Insurance Department Licensing Bureau will allow application change forms to be sent electronically. Includes changes to the following:
Effective
December 11th , 2023
Effective:
January 12th , 2024
January 12
Indiana
Indiana to Update its Retaliatory Fees for Initial Appointments
Effective January 12, 2024, Indiana will update its retaliatory fees for initial appointments for Nonresident Licensing (NRL), Nonresident Renewal (NRR), Nonresident Adjuster Renewal (NRAR) and Nonresident Adjuster Licensing (NRAL).
Most Retaliatory Fees will be reduced. Some fees will be increased for KY, NY, PA, WY Self Storage Insurance and Travel for Individuals and Business Types. Most VT Nonresident Renewals and Reinstatements will be increased across all License Classes.
Effective
December 08th , 2023
Effective:
December 08th , 2023
December 08
N/A
FINRA Posts Reminder about Annual Renewal Preliminary and Final Statement Deadline for Firms, SROs, States and Jurisdictions
On December 8, 2023, FINRA posted an update reminding Firms, Self Regulatory Organizations (SROs), States and Jurisdictions about Preliminary and Final Statement timeline and deadlines. Please see attachment for more information.
Effective
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Disclaimer - AgentSync does not warrant to the completeness or accuracy of the information provided in this database. You are responsible for ensuring the accuracy and totality of all representations, assumptions, information and data provided by AgentSync to you in this database. The information in this database should not be construed as legal, financial, or other professional advice, and AgentSync is not responsible for any harm you sustain by relying on the information provided herein. You acknowledge and agree that the use of this information is at your own risk. You should always consult with the applicable state and federal regulatory authority to confirm the accuracy of any of the information provided in this database.
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analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).