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.
September 19th , 2023
Effective:
September 19th , 2023
September 19
Connecticut
Connecticut Bulletin Related to Notice to Commissioner of Intent to Discontinue or Substantially Reduce a Line or Subline of Business
On September 19, 2023, Connecticut issued a bulletin that rescinds and replaces Bulletin PC-34 regarding notification to the Commissioner under Connecticut General Statute §38a-44 if an insurer is discontinuing or substantially reducing its writings in a line or subline of property and casualty insurance. The purpose of Connecticut General Statute §38a-44 is to permit the Commissioner time to evaluate the impact on the market of proposals by one or more companies to discontinue or substantially reduce writings in a line or subline of insurance in Connecticut. See attachment for full details.
Effective
September 14th , 2023
Effective:
October 13th , 2023
October 13
Connecticut
Connecticut to Update Revoked Business Rule to Defer to the State
Effective October 13, 2023, Connecticut will be updating business rule for Revoked status to defer to the state instead of reject for both individuals and business.
This will apply to Resident Licensing, Resident Licensing Renewals, Nonresident Licensing, Nonresident Renewals, Nonresident Adjuster Licensing, Nonresident Adjuster Renewal, No Home State and No Home State Renewals.
Effective
September 12th , 2023
Effective:
October 25th , 2023
October 25
Maine
Maine P&C Surplus Lines Licenses and Premium Tax Changes
Effective October 25, 2023, Maine will be making changes to P&C Surplus Lines Licenses and Premium Taxes. See attachment for full details.
Effective
September 11th , 2023
Effective:
January 01st , 2024
January 01
California
California License Exam Requirement Changes
Effective January 1, 2024, California is making license exam requirement changes. See attachment for full details.
Effective
September 11th , 2023
Effective:
September 11th , 2023
September 11
Idaho
Idaho Department of Insurance Publishes its September 2023 Newsletter.
See attachment for Idaho Department of Insurance September 2023 newsletter.
Effective
September 08th , 2023
Effective:
September 08th , 2023
September 08
West Virginia
West Virginia Surplus Lines License and Premium Tax Updates
On September 9, 2023, West Virginia made some updates to the existing language related to Surplus Lines License and Premium Tax Changes for Resident and Nonresidents. See attachment for full details.
Effective
September 08th , 2023
Effective:
September 08th , 2023
September 08
Florida
Florida Follow Up Message Relate to MyProfile Updates
On September 8, 2023, Florida issued a statement related to recent MyProfile updates.
Effective
September 08th , 2023
Effective:
November 02nd , 2023
November 02
Illinois
2023 Illinois Company Appointment Renewals for Limited Lines Producer License Classe
Appointment renewal invoices and the list of appointment renewals due will be available on the NIPR website beginning 8:00 AM Central Time, November 2, 2023, through 4:00 PM Central Time January 2, 2024.
Effective
September 06th , 2023
Effective:
October 13th , 2023
October 13
New York
New York Will Begin Loading Continuing Education (CE) Compliance Data to the Producer Database (PDB)
Effective October 13, 2023, New York will begin loading Continuing Education (CE) compliance data to the Producer Database (PDB). The current value loaded to the CE compliance field on PDB does not accurately capture the licensee’s CE compliance status.
With these changes, the licensee’s current CE compliance status for New York will be loaded to the PDB report.
Note: The compliance indicator on PDB will only include general CE compliance. Certain license classes require ‘Flood’ courses, but PDB will only display the general compliance status.
Effective
September 06th , 2023
Effective:
September 15th , 2023
September 15
Arizona
Arizona is Removing Fingerprint Fee for Adjusters
Effective September 15, 2023, nonresident individuals applying for Adjuster license class 5 (Adjuster), line of authority 889(Adjuster) will no longer be required to pay the fingerprint fee.
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).