Regulatory Updates

Effective May 21, 2023, Florida updates its emergency adjuster ruling. See attached.

South Dakota Division of Insurance posted its Spring 2023 Newsletter. See attachment.

Effective June 9, 2023, FINRA will end remote exams. See attachment for full details.

Georgia sends notice regarding proposed education process changes. See attachment for full details.

Tennessee has adopted IAR CE with a January 1, 2024, effective date.

Effective June 9, 2023, Rhode Island will defer all Emergency Class applications. All No Home State applications containing Emergency Adjuster and Emergency Motor Vehicle Appraisers will be deferred to the state for review. 

Effective June 9, 2023, Virginia will add new validation to prevent an amendment transaction if the applicant’s license is in the renewal period. The applicant must first renew the license and then submit the amendment transaction. 

Effective May 1, 2023, West Virginia Individual Adjusters will now receive a $50 Biannual Renewal Fee for any adjusters with an expiration date on or after July 31, 2023.

West Virginia has released their 2023 Company Appointment Renewal dates for Insurance Producers. The renewal period is June 6 through August 31, 2023 and the termination deadline is May 31

For Residents and Nonresidents 2023 KS S.B. 85(NS) (Effective 1/1/2024) - 1) WHO MUST BE LICENSED - Added limited lines travel insurance producer licensing requirement. 2) LIMITED LINES: TRAVEL AGENT - a) Added the "limited lines travel insurance producer," "travel administrator," and "travel insurance" definitions. b) Added limited lines travel insurance producer licensing requirements. c) Added travel administrator licensing requirements. KS ST 40-4906 (Effective 7/1/2023) - Per 2023 KS H.B. 2090(NS) - 1) FEE SUMMARY - Specified that the producer application fee is "not to exceed" $30 and the biennial license fee is "not to exceed" $50. 2) INDIVIDUAL NONRESIDENT LICENSE REQUIREMENTS: APPLICATION - a) Specified that the producer application fee is "not to exceed" $30. b) Added producer application fee publication requirements. 3) LICENSE CONTINUATION: LICENSE TERM AND CONTINUATION - Specified that the renewal fee is not to exceed $50.