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.
July 06th , 2023
Effective:
July 06th , 2023
July 06
Utah
Utah Reminder Regarding Duty to Give Notice of Termination for Cause
On July 6, 2023, Utah issued a bulletin as a reminder related to Duty to Give Notice of Termination for Cause. See attachment for details.
Effective
July 05th , 2023
Effective:
July 05th , 2023
July 05
N/A
FINRA Notice Related to Residential Supervisory Locations
On July 5, FINRA published details related to proposed changes to rules related to Residential Supervisory Locations. See attachment for full details.
Effective
July 03rd , 2023
Effective:
June 19th , 2023
June 19
Texas
Texas Made Changes Related to Navigators and Home Office Salaried Employees
TX made the following changes effective June 19, 2023 for Residents and Nonresidents.
Deleted navigator registration and pre licensing requirements for individuals and organizations.
Deleted full-time home office salaried employee information from individual license requirements.
Effective
July 03rd , 2023
Effective:
July 03rd , 2023
July 03
Nevada
Nevada has Modernized Outdated Administrative Regulations
See attachment for full details.
Effective
July 03rd , 2023
Effective:
May 22nd , 2023
May 22
Maryland
Maryland Made a Change to Continuing Education Requirement
Maryland made a change to continuing education requirements effective May 22, 2023. A licensed insurance producer who possesses a license to sell property and casualty insurance and who sells flood insurance, homeowners insurance, or commercial property insurance shall obtain at least 2 hours of continuing education that directly relates to flood insurance as part of the required hours of continuing education.
See attachment.
Effective
July 03rd , 2023
Effective:
July 03rd , 2023
July 03
Pennsylvania
Pennsylvania has Published 2023 Market Conduct Review Rates
Pennsylvania has published 2023 Market Conduct Review Rates. See attachment for full details.
Effective
June 30th , 2023
Effective:
June 30th , 2023
June 30
Louisiana
Louisiana Has Posted 2023 Appointment Renewal Invoices for Producer Agencies
Effective June 30, 2023, Louisiana has posted appointment renewal invoices for Louisiana producer agencies have posted to the National Insurance Producer Registry (NIPR) website. The invoice includes all producer agency appointments active as of June 28, 2023.
See attachment.
Effective
June 30th , 2023
Effective:
January 01st , 2022
January 01
Maine
Maine Surplus Lines Premium Tax Change
Maine is retroactively changing Surplus Lines Premium Tax to 3% effective January 1, 2023.
See attachment.
Effective
June 28th , 2023
Effective:
June 19th , 2023
June 19
New Jersey
New Jersey Made Changes to Continuing Education General Requirements
Effective June 19, 2023, New Jersey made changes to Continuing Education: General Requirements for Residents -
a) Revised the ethics requirement.
b) Added conditions under which credit hours may be carried over.
c) Revised amount of CE credits earned by CE course instructors.
Effective
June 28th , 2023
Effective:
July 01st , 2023
July 01
Florida
Florida Changing Pre-License Education Requirement
Effective July 1, 2023, Florida is changing Pre-License Education Requirement for Residents to reduce the number of coursework hours to be completed in life insurance, annuities, and variable contracts from "40 hours" to "30 hours."
Effective
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Disclaimer - AgentSync does not warrant to the completeness or accuracy of the information provided in this database. You are responsible for ensuring the accuracy and totality of all representations, assumptions, information and data provided by AgentSync to you in this database. The information in this database should not be construed as legal, financial, or other professional advice, and AgentSync is not responsible for any harm you sustain by relying on the information provided herein. You acknowledge and agree that the use of this information is at your own risk. You should always consult with the applicable state and federal regulatory authority to confirm the accuracy of any of the information provided in this database.
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analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).