Regulatory Updates

Effective October 1, 2023, Montana will eliminate the Insurance Advisory Council for education course review. See attachment for full details.

Effective January 1, 2024, Washington HB 1120 conforms regulation to the new law for annuity suitability training. See attachment for full details.

May 30, 2023, Contact: Reyn Norman, General Counsel Phone: (334) 241-4116 MONTGOMERY, AL Notice is hereby given that a hearing will be held at 10:00 a.m. Central Time, on Thursday, July 6, 2023, in the offices of the Alabama Department of Insurance, 201 Monroe Street, Fifth Floor Conference Room, RSA Tower, Montgomery, Alabama, as follows: Adoption of amendments to Insurance Regulation No. 147 [Chapter 482-1-147], which sets forth the requirements related to prelicensing education, examinations, licensing, appointments, and disciplinary consequences for insurance producers, temporary producers, and service representatives. The proposed amendments would remove the ability to apply for a service representative license and remove the prelicensing education requirements, as provided in recently adopted Alabama Act No. 2023-104. [43 pages] Adoption of amendments to Insurance Regulation No. 148 [Chapter 482-1-148], which sets forth the requirements for licensing title insurance agents. The proposed amendments would remove the prelicensing education requirements, as provided in recently adopted Alabama Act No. 2023-104. [39 pages] Adoption of amendments to Insurance Regulation No. 151 [Chapter 482-1-151], which sets forth the requirements for licensing independent adjusters. The proposed revisions would remove the prelicensing education requirements, as provided in recently adopted Alabama Act No. 2023-104. [45 pages] All of these amendments are narrowly tailored to remove obsolete, outdated, and unnecessary rules and to comply with a recently enacted state law, and thus are within the exceptions to the moratorium on adopting or amending administrative rules as found in Executive Order No. 735. The proposed effective date of all the proposed amendments is January 1, 2024. Any person wishing to submit testimony at said hearing is requested to submit said testimony in writing by 3:00 p.m. Central Time on July 5, 2023, to the Alabama Department of Insurance, Attention: Legal Division, Post Office Box 303351, Montgomery, Alabama 36130-3351. Any written 2 submission of testimony prior to the hearing will not preclude anyone from making an oral or written presentation at the hearing. A copy of the regulations may be obtained by written request to the Alabama Department of Insurance, Post Office Box 303351, Montgomery, Alabama 36130-3351. The request must include payment of $1.00 per page and a self-addressed, postage paid return envelope. A scanned copy may be obtained at no charge via electronic mail. You may send an e-mail request toRaymond.Taylor@insurance.alabama.gov.

Effective July 5, 2023, Wyoming regulation governing Suitability in Annuity Transactions will take effect on July 5, 2023.  See attachment for full details.

For Residents 2023 IN H.B. 1329(NS) (Effective 7/1/2023) - CONTINUING EDUCATION: GENERAL REQUIREMENTS - Added conditions under which a producer may receive CE credit for active participation in a state or national professional insurance organization.IN ST 27-1-15.6-19.9 (Effective 7/1/2022) - Per 2022 IN S.B. 277(NS) - WHO MUST BE LICENSED and LIMITED LINES: TRAVEL AGENT - Revised citation ID due to codification only. IN ST 27-1-15.7-2 (Effective 7/1/2023) - Per 2023 IN H.B. 1329(NS) - CONTINUING EDUCATION: GENERAL REQUIREMENTS - Added exception to the CE hour requirement. IN ST 27-7-17-18 (Effective 7/1/2022) - Per 2022 IN S.B. 277(NS) - LIMITED LINES: TRAVEL AGENT - Revised citation ID due to codification only.

Effective July 13, 2023, Rhode Island Non-Uniform Question for veteran status has been updated for the Resident Licensing Renewal application.

Arkansas issues bulletin concerning release of criminal investigations. See attachment for full details.

New York proposes Excess Line placements governing standard changes. See attachment for full details.

Georgia hearing on new rules and regulations scheduled for June 28, 2023. See attachment for full details.

Article providing updates to the Kentucky Local Premium Tax and Data Security meeting is posted. See attachment for full details.