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 24th , 2023
Effective:
October 01st , 2023
October 01
Maryland
Maryland Added Flood CE Requirement
Effective October 1, 2023, Maryland will require that property and casualty insurance producers who sell homeowners insurance or commercial property insurance are also subject to the flood CE requirement. See attachment for full details.
Effective
July 21st , 2023
Effective:
September 15th , 2023
September 15
New Hampshire
New Hampshire Implements New Transaction Type to Process Individual Primary Name Updates
Effective September 15, 2023, New Hampshire will implement a new transaction type to process individual primary name updates.
Pending
July 20th , 2023
Effective:
July 28th , 2023
July 28
North Carolina
North Carolina to Update Bail Bond Initial and Renewal License Processing Fees
Effective July 28, 2023, North Caroline will update bail bond initial and renewal processing fees.
The Resident License (RL) applicants in the license class of Professional Bail Bondsman, Surety Bail Bondsman, and Bail Bond Runner will see a reduction in the initial application processing fee from $48 to $44. The renewal processing fee for Resident License Renewals (RLR) applicants in the same license classes will be reduced from $76 to $34.
Effective
July 19th , 2023
Effective:
July 19th , 2023
July 19
Washington
Washington Releases Proposed Agenda for Semi-Annual Rule Development Meeting
On July 19, 2023, Washington released the proposed agenda for semi-annual rule development meeting. See attachment for full details.
Effective
July 19th , 2023
Effective:
July 19th , 2023
July 19
Maine
Maine Updates Law Concerning Cybersecurity Events
On July 19, 2023, Maine updated the law concerning Cybersecurity Events. See attachment for full details.
Effective
July 18th , 2023
Effective:
July 18th , 2023
July 18
Texas
Texas Issued Commissioner’s Bulletin Regarding Reporting of Cybersecurity Incidents
On July 18, 2023, Texas issued a Commissioner’s Bulletin to lay out the requirements for reporting of Cybersecurity Incidents by Insurance Carriers in the state. See attachment for full details.
Effective
July 15th , 2023
Effective:
July 15th , 2023
July 15
Pennsylvania
Pennsylvania Has Provided the List of Insurance Coverages and Risks Eligible for Export
On July 15, 2023, Pennsylvania provided the list of insurance coverages and risks eligible for export by the Insurance Commissioner. See attachment for full details.
Effective
July 14th , 2023
Effective:
July 31st , 2023
July 31
Ohio
Ohio Announces PSI as Continuing Education (CE) Processing Vendor
Effective July 31, 2023, Ohio has named PSI as the new Continuing Education (CE) processing vendor for the Ohio Department of Insurance. See attachment for full details.
Effective
July 13th , 2023
Effective:
July 31st , 2023
July 31
Ohio
Ohio Names New CE Vendor
Effective July 31, 2023, Prometric will no longer be the CE vendor for the State of Ohio. Beginning August 1, 2023, PSI will be taking over all continuing education application processing, including renewals, provider applications, course applications, and inquiries.
Effective
July 12th , 2023
Effective:
July 10th , 2023
July 10
Vermont
Vermont Bulletin Authorizing Use of Catastrophe Adjusters and Appraisers
Vermont has issued a bulletin authorizing use of catastrophe adjusters and appraisers. See attachment for full details.
Effective
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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).