Regulatory Updates

Effective November 15, 2024, Nevada added specific training requirements for resident and nonresident producers who transact annuity products. Please see the attachment for more information. 

Effective January 1, 2025, New Hampshire approves an exemption to the insurance claims adjusters statute for persons who solely handle automobile glass claims. Please see the attachment for more information.

Posted November 19, 2024, New Mexico sent out a reminder about upcoming due dates for annual registration renewal fees (December 31, 2024). For timely processing, New Mexico advises renewal fees should be submitted on or before December 9, 2024. Please see the attachment for more information.

Effective December 13, 2024, New York applicants with a Status Reason of “Cancelled” with a future expiration date will not be able to submit electronically. They will need to contact the New York Department of Financial Services (DFS) for additional information. New York applicants with a Status Reason of “Cancelled” and an expiration date in the past will still be able to be processed electronically.

Posted November 19, 2024, North Carolina announces that the company appointment renewal invoices will be available for payment from February 3, 2025, to March 31, 2025. The termination deadline is January 22, 2025. The invoice grace renewal period is April 1, 2025, to May 14, 2025, until 4 pm central time   Please see the attachment for cost information.

Effective December 13, 2024, Maine will require nonresident applicants applying for a Surplus Lines Broker line of authority to hold Surplus Lines in their resident state.

November 15, 2024, Vermont will implement new transaction types to process designated responsible licensed producers (DRLP).

Effective November 1, 2024, Delaware made the following updates: Resident Licensing Cleaned up the language for a resident producer license - A resident producer license applicant must: - Be a Delaware resident; or - Work for a business entity that: - Is licensed to conduct the business of insurance in Delaware; and - Maintains a physical location in Delaware that is open to the public and from which such business is conducted.

Nonresident License - Appointment fees have been reduced from $50 to $25 Please see the following link for more information. 

Effective December 13, 2024, Massachusetts will begin validating exams for nonresident Public Adjuster and Adviser applicants. Applicants without a passed exam record will be unable to apply electronically.

Posted November 13th, 2024, Oklahoma sent out an email about the state's upcoming Oklahoma Insurance Day on December 4, 2024. Six hours of Continuing Education is being offered for those who attend. Please use the link below for more information about the event. Oklahoma Insurance Day 2024 Please see the attachment for more information.