Regulatory Updates

Effective January 1, 2025, Kansas is implementing a reinstatement fee for nonresident licensing for individual applicants who are reapplying 91 days past the license expiration date up to one year past the license expiration date.

The fee will be $150 ($100.00 Reinstatement + $50.00 Application Renewal Fee.)

Effective January 31, 2025, California requires Surplus Line Brokers and Special Lines Surplus Line Brokers licensed to make an annual premium tax filing whether or not business was transacted during the reporting year via the Premium Tax Processing System Portal. For more information, please use the following link. CA Tax Forms, Instructions & Information

Effective February 12, 2025, Pennsylvania issues a bulletin providing additional clarification and modernization updates to its Administrative Code, resulting in a modernized and streamlined experience that will give more transparency and efficiencies to the public, licensees, and other stakeholders. Please see the attachment for more information. 

Effective December 20, 2024, Florida will start populating the Continuing Education Renewal Date on the Producer Database for Florida license classes that require Continuing Education.

Effective March 4, 2025, District of Columbia company appointment renewal invoices will be available for payment from March 4, 2025, through May 31, 2025. The termination deadline is February 24, 2025. The cost is $25 per appointment per company. 

Effective January 9, 2025, Louisiana will start requiring applicants to renew all renewable lines of authority within the same license class in the same application. No partial renewals will be allowed.

Posted November 7, 2024, Oklahoma Insurance Department is requesting that all insurers who submit surplus lines policy and premium data for the year 2024, and going forward. To report that information to the Oklahoma Insurance Department via the SLIP system.  OK SLIP Please take a look at the attachment for more information. Attached also is an updated FAQ for Surplus Lines from the Oklahoma Insurance Department

Effective January 1, 2025, South Dakota adjusted two rules affecting continuing education: Please see the attachment for more information.

Effective January 1, 2025, California will require resident and nonresident licensees to complete the four-hour annuity training requirement. This requirement shall be part of, and not in addition to, the California resident licensee's continuing education requirement. Please see the attachment for more information as well as the links below.  - Resident - Nonresident

Effective January 1, 2025, Colorado will be transitioning to the SLIP platform. All policies, and endorsements on policies for Surplus Lines premium taxes shall be reported to the Colorado Division of Insurance using the SLIP platform:  SLIP Policies, or endorsements on policies effective before January 1, 2025, should continue to be reported to the Colorado Division of Insurance using the Colorado Surplus Lines Tax System. Colorado Surplus Lines Tax System Please see the attachment for more information.