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.
March 18th , 2024
Effective:
July 01st , 2024
July 01
Indiana
Indiana Adding Annuity Training Requirements
Effective July 1, 2024, Indiana is adding specific training requirements that will apply to resident and nonresident annuity producers.
Effective
March 18th , 2024
Effective:
March 17th , 2024
March 17
Guam
Guam Assigns New Company Numbers
Effective March 18, 2024, Guam has assigned all active companies a new Guam Company Number. The new Company Number can be looked up using the “Lookup Button” on the SBS website or see attached Company List. NAIC Company Number (NAIC CoCode) remains the same.
The Producer Database was updated Sunday, March 17, 2024 Central (Monday, March 18, 2024 CHST).
For more information on company number changes, please see the attached GU Implementation Flyer.
Effective
March 15th , 2024
Effective:
April 15th , 2024
April 15
Connecticut
Connecticut Announces 2024 Appointment Renewal Dates
Connecticut has announced 2024 Appointment Renewal Dates. See attached
Effective
March 13th , 2024
Effective:
April 12th , 2024
April 12
Wisconsin
Wisconsin Update to Risk Purchasing Group and Rate Service Organization Company Types
Effective April 12, 2024, Wisconsin will make a significant update in the classification of Risk Purchasing Group and Rate Service Organization. These will transition from being recognized as company types to distinct license classes. This change will specifically affect Resident Licensing, Resident Licensing Renewals, Nonresident Licensing, and Nonresident Licensing Renewals, and it will be applicable exclusively to business entities.
Released
March 12th , 2024
Effective:
March 12th , 2024
March 12
Wyoming
Wyoming Issues Notice Regarding TPA Renewals
On March 12, 2024, Wyoming issued a notice regarding renewal required documentation and updated renewal date for TPA licenses. See attachment.
Effective
March 11th , 2024
Effective:
April 12th , 2024
April 12
Georgia
Georgia Changes to Reinstatement Rules
Effective April 12, 2024, Georgia will no longer allow applicants with the status of Suspended for Education to reinstate through NIPR. The applications affected by this change will be Resident Licensing and Resident Licensing Renewals.
Effective
March 08th , 2024
Effective:
April 12th , 2024
April 12
Mississippi
Mississippi Updating Appointment and Termination Backdating Rules
Effective April 12, 2024, Mississippi will update their Appointment and Termination business rules to allow backdating of the effective date up to 15 days for Appointments and 30 days for Terminations. Previously, the effective date was the date the transaction was processed. The backdating rules will be enforced on Appointment and Termination Transactions.
Effective
March 07th , 2024
Effective:
March 07th , 2024
March 07
N/A
NASAA Releases 2024 IAR CE Handbook
NASAA’s IAR CE Committee has released the 2024 IAR CE Handbook. The handbook updates are intended to streamline navigation and do not consist of substantial material changes. Additionally, the updates regarding live events were added to the handbook and mirror the notification providers received in 2023.
Effective
March 07th , 2024
Effective:
March 07th , 2024
March 07
Alabama
Alabama Releases Predetermination Form
Alabama has released a Predetermination form for prospective Producers and Adjusters looking to be licensed in Alabama. This form would allow those who may have some sort of legal issue to submit that information before applying to help determine the “likeliness” of licensure. The online form can be found on www.aldoi.gov under Producer/Agents.
Effective
March 06th , 2024
Effective:
March 06th , 2024
March 06
Utah
Utah Issues Bulletin for Bail Bond Agencies
On March 6, 2024, Utah issued a bulletin for Bail Bond Agencies regarding license suspension rules. See attachment.
Effective
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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).