Regulatory Updates

Effective August 14th, 2025, Nebraska will be updating the initial, renewal, and reinstatement fees for Nonresident Insurance Producers.  - Initial / Renewal Fee - $100 - Reinstatement Fee - $225

Effective September 12, 2025, Virginia will be allowing business entities to update the following data electronically. - Business Address - Mailing Address - Email - Phone number

Posted August 5, 2025, Pennsylvania is soliciting comments regarding the surplus lines export list. All comments must be submitted on or before September 12, 2025, at 5:00 p.m. to: Greg Elam, Esq. Associate General Counsel Greg.A.Elam@wv.gov Please see the attachment for more information.

Effective August 1, 2025, Oregon made changes to Pharmacy Benefit Manager Rules and Insurer Reporting Rules. These changes: - Added new data elements for reporting - New market conduct requirements - New language clarifying the bar on retaliation against pharmacies - Substantial revisions to the language related to reimbursement Please see the attachment for more information.

Effective September 1, 2025, Arizona will utilize PSI as the new official vendor for processing Continuing Education (CE) credits. Please see the attachment for more information. 

Posted August 07, 2025, The Surplus Lines Association of California posted a bulletin that updated the List of Approved Surplus Line Insurers (LASLI) to reflect that: - Travelers Specialty Insurance Company (Connecticut) has been added to the LASLI effective August 5, 2025.  The updated LASLI in its entirety is available on the CDI website. 

Please see the attachment for more information. 

Effective July 1, 2025, Idaho residents and nonresidents for viatical settlements/life settlements have had the following requirements removed: - Providers must file an annual statement with the Director by March 1 - A life insurance producer license is required to act as a life  settlement provider or broker. - Within 10 days of acting as a life settlement provider or broker, a  person must: - Notify the Director that he or she is acting as a life settlement  provider or broker, including an acknowledgement that the  person will comply with the requirements set out for life  settlement transactions; - Pay all applicable fees.

Effective July 7, 2025, Indiana residents and nonresidents added the following fees:  - Temporary Emergency Adjuster License: $ 20.00 - Insurance Administrator - License application: $50.00 - Annual report fee: $50.00

Effective September 12, 2025, North Dakota will update its existing Lines of Authority to align more closely with national standards. From September 11, 2025, to September 12, 2025, electronic applications will be closed for North Dakota.

The state is also implementing additional validation rules for Designated Responsible Producers (DRPs) listed on electronically submitted applications.

Effective October 1, 2025, North Carolina residents and nonresidents will see changes to pre-licensing education requirements.  Previous language: - Pre-licensing education is required for the following: - Accident and health or sickness - 20 hours; - Casualty - 20 hours; - Life - 20 hours; - Personal lines - 20 hours; - Property - 20 hours; and - Medicare supplement/long-term care - 10 hours. Updated language:   - Each applicant must comply with all education, training requirements to be licensed as a producer, limited representative,  adjuster, or motor vehicle damage appraiser. - The Commissioner will not require an individual producer license  applicant to complete any specific amount or course of instruction.

Previous language: - They are currently licensed in their home state for the same lines of authority; or - The application is received within 90 days after cancellation of the  applicant's previous license,and the applicant's home state certifies that: - At the time of cancellation, the applicant was in good standing in that state; or - The home state's producer database records (PDB) indicate that the producer is or was licensed in good standing for the lines of authority requested. Updated language: A nonresident applicant who fails the North Carolina licensing exam must comply with the prelicense education requirements as a RESIDENT of NC