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.

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January 17th, 2024
Effective:
February 16th, 2024
map-marker 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
January 16th, 2024
Effective:
February 16th, 2024
map-marker Wisconsin
Wisconsin Office of the Commissioner of Insurance to Make PDB Display Changes by Converting Risk Purchasing Group and Rate Service Organization to Business Entity
Effective February 16, 2024, Wisconsin will be adding new license classes by converting Risk Purchasing Group and Rate Service Organization into Business Entity for PDB Display. Originally, these license classes were distinct but will now be reclassified into Business entities.
Released
January 16th, 2024
Effective:
February 16th, 2024
map-marker South Carolina
South Carolina Department of Insurance to Update Individual Adjusters Retaliatory Fees Nonresident Licensing and Nonresident Renewals
Effective February 16, 2024, South Carolina will decrease Adjuster fees as shown below: New Nonresident Adjuster License Fee: $109.00 per transaction New Nonresident Adjuster Renewal Fee: $169.00 per transaction
Effective
January 11th, 2024
Effective:
January 11th, 2024
map-marker Wyoming
Wyoming Department of Insurance Agency Agreements Termination Reminder for Property and Casualty and Individual Life and Annuities
On January 10, 2024, Wyoming updated termination requirements with a reminder that January 31, 2024 is the last day to terminate to avoid renewal fees. Invoices must be paid in full once generated for company’s appointments. March 31, 2024 is the final day to pay invoice to avoid automatic termination with an effective date of January 31, 2024.
Effective
January 10th, 2024
Effective:
January 10th, 2024
map-marker New Mexico
The New Mexico Superintendent of Insurance Seeks Comment on Proposal for Producer and Adjuster Licensing Changes
On January 10, 2024, New Mexico sent out a request for industry comments on proposed producer and adjuster licensing changes. Comments can be sent to [osi-producerlicensingrulemaking@state.nm.us](mailto:osi-producerlicensingrulemaking@state.nm.us) by 4pm MST on January 26, 2024, for consideration. Please see attached for more information.
Effective
January 09th, 2024
Effective:
January 09th, 2024
map-marker New Hampshire
The New Hampshire Insurance Department Sends Reminder on Surplus Lines Requirements
On January 9, 2024, the New Hampshire Insurance Department sent a reminder for all producers who hold surplus lines about updated filing instructions and requirements.
Effective
January 09th, 2024
Effective:
January 09th, 2024
map-marker Maryland
Maryland Insurance Administration Releases Bulletin on Code of Maryland Regulations Revisions for Comment
On January 9, 2024, Maryland Insurance Administration released bulletin No. 24-2 for Code of Maryland Regulations notifying title insurers, title insurance agencies, and title insurance producers writing title insurance about 2022 legislative session amendments.
Effective
January 05th, 2024
Effective:
January 05th, 2024
map-marker North Carolina
The North Carolina Department of Insurance Issues 2024 Company Appointment Renewals
On January 5, 2024, North Carolina Issued 2024 company appointment renewals. The invoice renewal period is from February 3, 2024 to March 31, 2024 for Producer, Auto Physical Damage, Limited Representative, Title Insurance, County Farm Mutual Insurance Agent and Credit Agent Individual.
Effective
January 05th, 2024
Effective:
January 05th, 2024
map-marker Wisconsin
The Wisconsin Office of the Commissioner of Insurance Updates Pre-Licensing Exemptions for Individual Resident License Requirements
On January 5, 2024, Wisconsin updated language clarifying exemptions for individual pre-licensing.
Effective
January 05th, 2024
Effective:
January 05th, 2024
map-marker Oregon
Oregon Division of Financial Regulation Minor Update to Continuing Education Resident and Nonresident Individual Licenses
On January 5, 2024, Oregon updated the continuing education section to clarify that insurers must verify producers complete training courses to **recommend** **or** sell annuity products.
Effective
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