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 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.
April 01
Maryland On April 1, 2024, Maryland issued a bulletin to notify all title insurers, title insurance agencies, and title insurance producers writing title insurance in Maryland of relevant code changes. See attachment.
February 16
New Hampshire On March 28, 2024, New Hampshire revised annuity training requirements for residents and nonresidents related to changes that went into effect February 16, 2024.
March 26
Georgia Georgia announced changes to continuing education requirements. See attachment for full details.
May 01
Nebraska Effective May 01, 2024, Nebraska company appointment renewal invoices will be available for payment through July 31, 2024. The Renewal period is May 1, 2024 to July 31st, 2024. The termination deadline for any appointment not to be renewed is April 25th, 2024.
July 01
Indiana Effective July 1, 2024, Indiana is adding specific training requirements that will apply to resident and nonresident annuity producers.
March 17
Guam 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.
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