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.
January 23rd , 2024
Effective:
April 01st , 2026
April 01
New Mexico
New Mexico Updates Resident and Nonresident 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
January 19th , 2024
Effective:
January 18th , 2024
January 18
Washington
Washington State Office of the Insurance Commissioner Will Require Begin Date for Affiliations
Effective January 18, 2024, Washington resident and nonresident applicants will be required to supply their affiliation begin date when submitting an initial application that is not found on record.
Effective
January 19th , 2024
Effective:
January 11th , 2024
January 11
Vermont
Vermont Department of Financial Regulation Approves Legislation for Suitability in Annuity Transactions
Effective January 11, 2024, Vermont adopted regulation for suitability in annuity to require producers to act in the best interest of consumers.
Effective
January 19th , 2024
Effective:
January 19th , 2024
January 19
Arizona
Arizona Department of Insurance and Financial Institutions Publishes Continuing Education Program Provider Education Packet
On January 19, 2024 Arizona published their Continuing Education packet which will be handled through Prometric. Please see attached to learn more about Continuing Education instructions, provider information, course information, SBS instructions, fees and more.
Effective
January 18th , 2024
Effective:
January 18th , 2024
January 18
North Dakota
North Dakota Insurance Department Updates Affidavit Requirements for Surplus Lines License and Premium Tax
On January 18, 2024, North Dakota updated the general provisions section for Surplus Lines license and premium tax, particularly related to Domestic Surplus Lines Insurers (DSLI) by adding a supporting citation for diligent search requirements while removing another supporting citation for provisions related to exemptions. Another update was related to adding commercial cyber insurance to the export list of acceptable categories.
Effective
January 17th , 2024
Effective:
February 16th , 2024
February 16
Kansas
Kansas Insurance Department Removing Designated Responsible Licensed Producer Requirement for Reinsurance Intermediary Applicants
Effective February 16, 2024, Kansas to end requirement for Designated Responsible Licensed Producer (DLRP) for Reinsurance Intermediaries. They will still be required to answer Business Non Uniform Questions to identify the last name of the responsible party for the Reinsurance Intermediary license class.
Effective
January 17th , 2024
Effective:
February 16th , 2024
February 16
Washington
Washington State Office of the Insurance Commissioner to Add New License Classes for Business Entities and Individuals
Effective February 16, 2024, Washington is adding new individual and business license classes for renewal applications. Changes will also include adding a new Non Uniform Question (NUQ) for business entities to identify the number of employees.
Released
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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).