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.
April 26
Mississippi 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.
May 03
Oklahoma Effective May 3, 2024, Oklahoma will begin offering a new transaction type to process individual and business entity primary name updates.
January 01
California 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
April 24
Kansas Effective April 26, 2024, a new transaction type will be implemented for Kansas to process individual and business entity primary name updates.
April 22
South Carolina On April 22, 2024, South Carolina issued a bulletin to announce the licensing of temporary nonresident adjusters and motor vehicle physical damage appraisers to assist with claims related to the recent storm on April 20, 2024. See attachment for full details.
June 30
Vermont On April 11, 2024, Vermont announced 2024 company appointment renewal dates. Termination Deadline: May 31, 2024 Invoice Renewal Period: June 3 through June 30, 2024
April 10
Utah On April 9, 2024, Utah issued details related to a proposed change to Producer Training. The change updates the date by which a producer must meet an annuity suitability training requirement. See attachment for full details.
May 01
Connecticut Connecticut has announced 2024 Company Appointment Renewal dates. Appointment types included are Fraternal Agent, Insurance Producer, Surety Bail Bond Agent, Rental Car Agency Permits, PA 187 Travel.
UPDATE: Connecticut Appointment Renewal Invoices are delayed. The new Effective Date will be updated once it is communicated by the state.
April 12
Washington Effective April 12, 2024, Washington will be establishing a $20 branch fee for Limited Lines Resident License Renewal and Nonresident License Renewal applications.
April 03
Ohio Effective April 3, 2024, Ohio is announcing 2024 Agent and Agency Appointment Renewal procedures. See attachment for full details.
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