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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Publication Date
jurisdictions
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July 14th, 2023
Effective:
July 31st, 2023
map-marker Ohio
Ohio Announces PSI as Continuing Education (CE) Processing Vendor
Effective July 31, 2023, Ohio has named PSI as the new Continuing Education (CE) processing vendor for the Ohio Department of Insurance.  See attachment for full details.
Effective
July 13th, 2023
Effective:
July 31st, 2023
map-marker Ohio
Ohio Names New CE Vendor
Effective July 31, 2023, Prometric will no longer be the CE vendor for the State of Ohio. Beginning August 1, 2023, PSI will be taking over all continuing education application processing, including renewals, provider applications, course applications, and inquiries.
Effective
July 12th, 2023
Effective:
July 10th, 2023
map-marker Vermont
Vermont Bulletin Authorizing Use of Catastrophe Adjusters and Appraisers
Vermont has issued a bulletin authorizing use of catastrophe adjusters and appraisers. See attachment for full details.
Effective
July 12th, 2023
Effective:
January 01st, 2024
map-marker Nevada
Nevada Adding Limited Lines Travel Insurance Producer Licensing Requirement
Effective January 1, 2024, Nevada is adding a limited lines travel insurance producer licensing requirement for residents and nonresidents. See attachment for full details.
Effective
July 10th, 2023
Effective:
August 01st, 2023
map-marker Georgia
Georgia Suitability in Annuity Transactions Rule
Effective August 1, 2023, George has established a rule related to Suitability in Annuity Transactions. See attachment for full details
Effective
July 10th, 2023
Effective:
July 10th, 2023
map-marker Vermont
Vermont Issues Alert Regarding Use of Catastrophe Adjusters / Appraisers
On July 10, 2023, Vermont issued an alert regarding the use of Catastrophe Adjusters and Appraisers In response to the State of Emergency declared July 9 by Governor Phil Scott following heavy rains and anticipated floodings.   The Commissioner of the Department of Financial Regulation  announced that the Department is preemptively allowing property and casualty insurance carriers to use individual adjusters not licensed in Vermont.   See attachment for full details.
Effective
July 07th, 2023
Effective:
October 19th, 2023
map-marker Maine
Maine Revising Pet Insurance Producer Requirements
Effective October 19, 2023, Maine has revised Pet Insurance Producer requirements for Residents and Nonresidents.
Effective
July 07th, 2023
Effective:
June 20th, 2023
map-marker Idaho
Idaho Adding Conditions to Apply for a Temporary Producer License
Effective June 20, 2023, Idaho has added additional conditions allowing residents to apply for a temporary producer license. _Due to electronic fingerprinting being currently unavailable and delays occurring because of physical fingerprint hard card submissions, the Department authorizes resident producer license applicants to request temporary licenses._ _     a.   Requests must be submitted using the "Temporary Resident Producer License Request Form" available at [ https://bit.ly/44yQtoc.](https://bit.ly/44yQtoc.)_ _     b.   The Department may issue a temporary license to an applicant pending receipt of the criminal background check report if all other licensing requirements have been met._ _     c.   Temporary licenses are valid for a period not to exceed 180 days._
Effective
July 07th, 2023
Effective:
January 01st, 2024
map-marker Alabama
Alabama Making Changes to Independent Adjuster Regulations
Effective January 1, 2024, Alabama is making changes to Independent Adjuster regulations. See attachment for full details.
Effective
July 07th, 2023
Effective:
January 01st, 2024
map-marker Alabama
Alabama Making Changes Relating to Insurance Producers, Temporary Producers and Service Representatives
Effective January 1, 2024, Alabama is making changes to regulations relating to the licensing and appointment of insurance producers, temporary producers, and service representatives; and the various types of disciplinary action concerning licenses and grants of authority. See attachment for full details.
Effective
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