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.
January 01
Washington Effective January 1, 2024, The Washington State Office of Insurance Commissioner will require additional CE including Best Interest Standards for residents and Nonresidents.
December 18
North Carolina On December 18, 2023, North Carolina's Department of Insurance announced a new physical address (see attached).
December 18
Mississippi On December 18, 2023, The Mississippi Department of Insurance updated numerous licensing requirements for both residents and nonresidents, please expand for more to view the updates.
January 17
Arizona Arizona will transition all Continuing Education (CE) services (course applications, course rosters, addresses, contact updates, print license and transcript, etc) to State Based Systems (SBS) on Wednesday January 17, 2024
January 12
Nebraska Effective January 12, 2024, Nebraska Department of Insurance will require Residents to pass an exam or hold a Life license in Nebraska if applying to a Funeral Insurance Director license.
December 18
Mississippi On December 19, 2023, The Mississippi Department of Insurance updated the Notice to Commissioner section by adding a link to the Appointment Cancellation Notification form:
December 05
California On December 5th 2023, California Department of Insurance changed Producer Licensing wording for residents and nonresidents in the Portable Electronics Vendor section. The change will update "communications equipment" to "portable electronics” while the rest of the information remains unchanged.
January 01
Wyoming - Appointment renewal invoices will be emailed on February 1, 2024. - Retroactive appointment expiration effective January 31, 2024. - Payment Due Date is March 31, 2024 - Last day to terminate appointment is January 31, 2024 Please see attached for additional information and payment details.
January 11
Nebraska Effective January 11, 2024, Nebraska will require nonresident Surplus Lines Broker applicants to hold Surplus lines in their resident state.
December 14
Louisiana On December 14, 2023, The Louisiana Department of Insurance updated the taxes and fees section for surplus lines further clarifying that there should be no regard to location of the covered property, risk or exposure for the home state of Louisiana, the rate still remains at 4.85% of gross premiums.
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