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.
February 05th , 2024
Effective:
March 05th , 2024
March 05
South Dakota
South Dakota has Made Changes to Procedure for Revoking a Nonresponsive Producer’s License
On February 5, 2024, South Dakota enacted a bill to make changes to the procedure for revoking a nonresponsive producer's license. See attachment.
Effective
February 03rd , 2024
Effective:
February 03rd , 2024
February 03
Pennsylvania
Pennsylvania Issues Bulletin Regarding Exportable Coverages
On February 3, 2024, Pennsylvania issued a bulletin declaring that the list of exportable coverages published July 15, 2023 will remain in effect until revised or superseded by a subsequent list. See attachment for details.
Effective
January 29th , 2024
Effective:
January 29th , 2024
January 29
Guam
Guam to Open Company Appointment Renewal Invoices Beginning in April 1, 2024
Effective, April 1, 2024 through June 30, 2024, Guam will make invoices available for Companies / Firms. Below is important information about the renewal period:
Effective
January 26th , 2024
Effective:
January 26th , 2024
January 26
Michigan
Michigan Updates Individual and Agency Property and Casualty Surplus Lines Licensing and Premium Tax Requirements
On January 26, 2024, Michigan updated multiple sections of the Property and Casualty Surplus Lines Licensing and Premium Tax Requirements for Individuals and Agencies.
Effective
January 24th , 2024
Effective:
June 01st , 2024
June 01
N/A
FINRA Publishes Notice Announcing Effective Dates of Two New Supplementary Materials 3110.19 and 3110.18
Effective June 1, 2024, Two new supplementary materials under FINRA Rule 3110 will be active. Please see attached for full details.
- Rule 3110.19 (Residential Supervisory Location)
- Rule 3110.18 (Remote Inspections Pilot Program)
Pleas see attached for more information.
Pending
January 23rd , 2024
Effective:
January 23rd , 2024
January 23
California
California Department of Insurance Updates Affidavit Requirements for Property and Casualty Surplus Lines License and Premium Tax
On January 23, 2024, California updated Surplus Lines General Provisions for Affidavit Requirements, particularly related to a new and simplified SL-2 Form released earlier in January of 2024.
Effective
January 23rd , 2024
Effective:
April 01st , 2026
April 01
New Mexico
New Mexico Office of Superintendent of Insurance Updates Resident and Non Resident Licensing and Continuing Education Requirements
On January 23, 2024, New Mexico updated Licensing and Continuing Education (CE) Requirements for producers selling excepted benefits.
Pending
January 23rd , 2024
Effective:
January 23rd , 2024
January 23
Pennsylvania
Pennsylvania Insurance Department Published List of Eligible Surplus Lines Insurers
On January 23, 2024, Pennsylvania has published the list of eligible Surplus Lines Insurers, please see attached to see the full list.
Effective
January 22nd , 2024
Effective:
February 16th , 2024
February 16
Massachusetts
Massachusetts Division of Insurance Will be Adding a National Producer Number for all Resident Licensing Transactions for Business Entities to Ensure Compliance
Effective February 16, 2024 Massachusetts will automatically be adding an NPN to all Business Resident License transactions at the time of application and will allow Massachusetts to be fully compliant. Business entities with an existing NPN will continue to use their existing one.
Effective
January 19th , 2024
Effective:
March 20th , 2024
March 20
Guam
Guam Department of Revenue and Taxation Announces Upcoming Transition to State Based Systems (SBS)
Effective March 20, 2024, Guam will go live with State Based Systems (SBS). Other important dates to remember include the following:
Effective
Loading...
No results found
Please try searching with another term
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.
AgentSync on the go!
For the truly curious, subscribe to our updates and never miss a relevant regulatory update.
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).