Regulatory Updates

Posted on September 18, 2024, Arkansas Insurance Department will host a public hearing on October 29, 2024, at 10 AM. The Department is considering adopting a new proposal granting expedited licensure for military service members, veterans, and spouses. Please see the attachment for more information.

Effective September 17, 2024, Idaho implemented new transaction types to process Designated Responsible Licensed Producers (DRLP).

Effective September 13, 2024, New Jersey will implement a new transaction type to process Primary Name Change (Demographics) updates. 

Effective December 26, 2024, FINRA proposes a rule change to amend Form U4 by adding a new RSL question. The new question would require member firms to indicate whether a non-registered location identified on Form U4 as a private residence is an RSL, by responding “Yes” or “No”. Please see the attachment for more information.

Effective September 13, 2024, New Jersey will implement new transaction type to process Designated Responsible Licensed Producer (DRLP).

Effective August 1, 2024, Oklahoma decreased the Producer examination fees from $41.00 to $38.00.

Effective January 22, 2025, Ohio added training requirements for residents and nonresidents for pet insurance producers.

Effective September 10, 2024, Ohio updated the verbiage for residents and nonresidents surrounding the Superintendent's steps before they deny, revoke, suspend, or refuse to issue a license, or impose any penalty. Please see the attachment for more information

September 9, 2024, Louisiana Department of Insurance has activated catastrophe adjuster registrations in anticipation of Francine which is expected to make landfall in Louisiana on September 11, 2024. An insurer or their designee may file registrations using the Catastrophe Adjuster Registration Module in Industry Access on the LDI website. More information about catastrophe adjusters and instructions for the registration process can be found at the link below

September 30, 2024, South Dakota is having a public hearing to consider the adoption and amendment of rules to clean up for overall improved clarity regarding continuing education. Please click the URL below for more information about signing up. Please see the attachment for more information about what rules are being reviewed.