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.
May 03rd , 2024
Effective:
June 06th , 2024
June 06
West Virginia
West Virginia Announces 2024 Company Appointment Renewal Dates
On May 3, 2024, West Virginia announced their 2024 Company Appointment Renewal Dates. Active appointments on record as of May 31st, 2024, will be invoiced for renewals. The renewal period ends on August 31, 2024.
Effective
May 02nd , 2024
Effective:
March 22nd , 2024
March 22
Wisconsin
Wisconsin Enacts an Insurance Omnibus Law
On March 22, 2024, Wisconsin enacted an insurance omnibus law, 2023 Wisconsin Act 212 that makes various technical changes to the insurance statutes. See attachment for full details.
Effective
May 02nd , 2024
Effective:
June 03rd , 2024
June 03
Maryland
Maryland Announces 2024 Company Appointment Renewal Dates
Effective June 3, 2024, Maryland company appointment renewal invoices will be available for payment through August 30, 2024. Termination deadline is May 24, 2024.
Effective
May 01st , 2024
Effective:
July 01st , 2024
July 01
Alabama
Alabama to Implement Changes Related to Surplus Lines
Effective July 1, 2024, Alabama will be implementing changes related to surplus lines. See attachment for full details.
Effective
May 01st , 2024
Effective:
May 01st , 2024
May 01
North Carolina
North Carolina Issues Bulletin Related to Catastrophic Events
North Carolina has issued a bulletin dated May 1, 2024 to identify procedures that a company will need to follow if a catastrophic event were to occur in North Carolina. See attachment for full details.
Effective
April 30th , 2024
Effective:
May 01st , 2024
May 01
California
California Announces Fingerprint Fee Increase
On April 30, 2024, California announced a fingerprint fee increase that became effective May 1, 2024. See attachment for full details.
Effective
April 26th , 2024
Effective:
April 26th , 2024
April 26
Mississippi
Mississippi Removes Prelicensing Requirement for Life Only
Effective April 26, 2024, Mississippi enacted House Bill 819 which includes removing the prelicensing requirement for an individual that is seeking licensure for the life line of authority only. See Section 3 of the attached for all prelicensing exemptions.
Effective
April 26th , 2024
Effective:
May 03rd , 2024
May 03
Oklahoma
Oklahoma Implements a New Transaction Type to Process Primary Name Updates
Effective May 3, 2024, Oklahoma will begin offering a new transaction type to process individual and business entity primary name updates.
Pending
April 23rd , 2024
Effective:
January 01st , 2025
January 01
California
California Making Changes to Resident Continuing Education Related to Life and Annuities
Effective January 1, 2025, California will be making changes to Continuing Education general requirements for residents related to life and annuities. See attachment for full details
Effective
April 23rd , 2024
Effective:
April 24th , 2024
April 24
Kansas
Kansas Implements New Transaction for Primary Name Updates
Effective April 26, 2024, a new transaction type will be implemented for Kansas to process individual and business entity primary name updates.
Pending
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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).