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.
Update: On July 30, this has been finalized On May 9, 2024, Louisiana released a notice of intent to amend Regulation 89—Suitability in Annuity Transactions. See attachment for full details
Effective November 1, 2024, Oklahoma is making changes to Surplus Lines due diligence and premium tax reporting requirements.
Effective July 1, 2024, Kansas will require applicants to submit to state and national criminal history record check in addition to fingerprint requirement.
Effective May 6, 2024, the NASAA has amended examination requirements for Investment Adviser Representatives. See attachment for full details.
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.
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 June 3, 2024, Maryland company appointment renewal invoices will be available for payment through August 30, 2024. Termination deadline is May 24, 2024.
Effective July 1, 2024, Alabama will be implementing changes related to surplus lines. See attachment for full details.
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.
On April 30, 2024, California announced a fingerprint fee increase that became effective May 1, 2024. See attachment for full details.
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