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.
November 15
Iowa Effective November 15, 2024, Iowa will remove the date of birth requirement on Appointment and Termination transactions.
October 09
U.S. Virgin Islands Effective October 9, 2024, Virgin Islands will begin enforcing continuing education validations for resident renewals with the below license classes. Insurance Producer Public Adjuster Independent Adjuster Applicants who are required to complete CE will not be allowed to submit their renewal until they are compliant.
January 06
Iowa Effective January 6, 2025, Iowa announces the company appointment renewal invoices will be available for payment from January 6, 2025 - March 17, 2025. The termination deadline is December 27, 2024.
November 15
Missouri Effective November 15, 2024, Missouri will introduce a Limited Lines Self-Service Storage Producer license to the Producer Database (PDB), for individuals and business entities.
January 01
Alaska Effective January 1, 2025. Alaska has established specific requirements under Third-Party Administrators for pharmacy benefit managers that apply to both residents and nonresidents. These include general requirements, penalty fees, and renewal processes. Please see the attachment for more information.
January 03
New Mexico Posted October 4, 2024, New Mexico announces the company appointment renewal invoices will be available for payment from January 3, 2025 - April 30, 2025. The termination deadline is December 27, 2024. Please see the attachment for more information. Renewal Fees: $20 per appointment
November 27
Louisiana The 2024 Louisiana appointment renewal dates are November 27, 2024, to January 2, 2025 The termination deadline is November 22, 2024. Renewal Fees: $20 per appointment renewal
October 04
North Dakota Effective October 24, 2024, North Dakota will Implement new transaction types to process designated responsible licensed producers (DRLP).
October 04
U.S. Virgin Islands Effective October 4, 2024, Virgin Islands will turn off the resident renewal process for electronic applications. Any transaction submitted will be declined until processing resumes. Update: October 9, 2024, Virgin Islands turned on the system for electronically processing applications as a resident renewal
January 06
Wisconsin The 2025 Wisconsin appointment renewal dates are January 6, 2025 – March 15, 2025 The termination deadline is December 31, 2024. Renewal Fees: Resident - $16 Nonresident - $30
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