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.
February 16
South Carolina Effective February 16, 2024, South Carolina will decrease Adjuster fees as shown below:
New Nonresident Adjuster License Fee: $109.00 per transaction New Nonresident Adjuster Renewal Fee: $169.00 per transaction
January 11
Wyoming On January 10, 2024, Wyoming updated termination requirements with a reminder that January 31, 2024 is the last day to terminate to avoid renewal fees. Invoices must be paid in full once generated for company’s appointments. March 31, 2024 is the final day to pay invoice to avoid automatic termination with an effective date of January 31, 2024.
January 10
New Mexico On January 10, 2024, New Mexico sent out a request for industry comments on proposed producer and adjuster licensing changes. Comments can be sent to osi-producerlicensingrulemaking@state.nm.us by 4pm MST on January 26, 2024, for consideration. Please see attached for more information.
January 09
New Hampshire On January 9, 2024, the New Hampshire Insurance Department sent a reminder for all producers who hold surplus lines about updated filing instructions and requirements.
January 09
Maryland On January 9, 2024, Maryland Insurance Administration released bulletin No. 24-2 for Code of Maryland Regulations notifying title insurers, title insurance agencies, and title insurance producers writing title insurance about 2022 legislative session amendments.
January 05
North Carolina On January 5, 2024, North Carolina Issued 2024 company appointment renewals. The invoice renewal period is from February 3, 2024 to March 31, 2024 for Producer, Auto Physical Damage, Limited Representative, Title Insurance, County Farm Mutual Insurance Agent and Credit Agent Individual.
January 05
Wisconsin On January 5, 2024, Wisconsin updated language clarifying exemptions for individual pre-licensing.
January 05
Oregon On January 5, 2024, Oregon updated the continuing education section to clarify that insurers must verify producers complete training courses to **recommend** **or** sell annuity products.
January 01
Ohio On January 4, 2024, Ohio updated the Pre-Licensing education section to include more clarity on education waivers. - Regarding exceptions, education waivers are issued by approved subject matter category individually. - Regarding active military, education waivers are issued by approved subject matter category individually.
January 03
Mississippi On January 3, 2024, The Mississippi Department of Insurance updated the Notice to Commissioner section for P&C by adding a link to the Appointment Cancellation Notification form link: __
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