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.

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March 24th, 2025
Effective:
March 19th, 2025
map-marker Kentucky
Kentucky Allows Temporary Unlicensed Emergency Adjusters in Select Counties
Posted March 19, 2025, Kentucky's Insurance Commissioner is permitting temporary registration for unlicensed emergency adjusters to operate in the following counties due to the storms on March 15, 2025: - Daviess - Jefferson - Oldham Please refer to the attached document for further details.
Effective
March 20th, 2025
Effective:
March 21st, 2025
map-marker Arkansas
Arkansas Implements Primary Name Updates
Effective January 17, 2025, Arkansas will implement a new transaction type to process individual primary name updates
Pending
March 20th, 2025
Effective:
March 21st, 2025
map-marker U.S. Virgin Islands
U.S. Virgin Islands Implements Primary Name Updates
Effective January 17, 2025, U.S. Virgin Islands will implement a new transaction type to process individual primary name updates
Pending
March 19th, 2025
Effective:
March 14th, 2025
map-marker Pennsylvania
Pennsylvania Surplus Lines Association Bulletin Reminder
Posted March 14, 2025, Pennsylvania Surplus Lines Association (PSLA) posted a bulletin reminding that the following fields have been eliminated on the affidavit effective December 1, 2024. Please see attached for more information. - Location of Risk – Street Address Only - Amount of Insurance – Property Amount - Amount of Insurance – Casualty Amount
Effective
March 19th, 2025
Effective:
June 06th, 2025
map-marker West Virginia
West Virginia 2025 Appointment Renewals
Effective June 6, 2025, West Virginia appointment renewal invoices will be available for payment from June 6, 2025, through August 31, 2025. The termination deadline is May 31, 2025. The West Virginia state appointment renewal fee is $25.00 per individual per company. Please see the attachment for more information.
Pending
March 19th, 2025
Effective:
March 13th, 2025
map-marker Texas
Texas State Securities Board Adoption of Rules
Effective March 13, 2025, Texas State Securities Board adopted rules to recognize:  - SEC Regulation Best Interest - SEC Marketing Rule by Reference - FINRA Rules on Residential Supervisory Locations (RSLs) - FINRA Remote Inspections Pilot Program (RIPP) - Examination Validity Extension Programs (EVEP) - Maintaining Qualifications Program (MQP) Please use the following link for more information. [Texas State Securities Board Rules](https://www.ssb.texas.gov/news-publications/updates-texas-state-securities-board-rules-concerning-dealers-and-investment)
Effective
March 19th, 2025
Effective:
March 19th, 2025
map-marker Michigan
Michigan Implements EVEP and MQP for Agents and Investment Adviser Representatives
Posted March 18, 2025, Michigan Department of Licensing and Regulatory Affairs adopted rules to implement the Examination Validity Extension Programs (EVEP) and the Maintaining Qualifications Program (MQP) for agents and investment adviser representatives. The EVEP and MQP programs allow eligible agents and investment adviser representatives to extend the validity of their qualifications for up to five years after leaving employment with a firm. Please see attached for more information.
Effective
March 14th, 2025
Effective:
April 11th, 2025
map-marker Florida
Florida Starts Displaying Business Phone Numbers within the PDB
Effective April 11, 2025, Florida will begin displaying the Business Phone Number within the Producer Database.
Effective
March 13th, 2025
Effective:
April 11th, 2025
map-marker Nevada
Nevada Appointment and Termination Offerings Update
Effective April 11, 2025, Nevada will introduce new appointment and termination offerings. Nevada will also remove invalid offerings.
Released
March 11th, 2025
Effective:
March 21st, 2025
map-marker New Mexico
New Mexico to Implement New Transaction Types to Process DRLP Changes
Effective March 21, 2025, New Mexico implemented new transaction types to process Designated Responsible Licensed Producers (DRLP).
Pending
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