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.

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January 20th, 2022
Effective:
March 03rd, 2022
N/A
NIPR Sets Max Limit of Four Report Options that can be Requested in a Single Company Specialized Report
On February 3rd, 2022, NIPR will enforce four maximum report options requested within a single Company Specialized Report. This is already in place when the request is placed through the PDB web application (GUI).
Effective
January 19th, 2022
Effective:
March 11th, 2022
map-marker Louisiana
Louisiana removing SSN Requirement
Louisiana is removing the Applicant.Tax\_NumSocial Security Number requirement on March 11th, 2022. This will apply to individual applicants for both appointments and terminations.
Released
January 18th, 2022
Effective:
March 03rd, 2022
map-marker District of Columbia
DC 2022 Company Appointment Renewals
District of Columbia has announced that their 2022 company appointment (Producer and title) renewal period starts on March 3, 2022 and ends May 31, 2022. These payments will only be accepted electronically via NIPR.
Effective
January 14th, 2022
Effective:
January 14th, 2022
map-marker Utah
Utah Clarifies Surplus Lines Verbiage
With this amendment, no regulations or requirements have been changed. The phrasing of rules R590-157 will make the language more clear. See attachment for more details.
Effective
January 13th, 2022
Effective:
January 15th, 2022
map-marker Kansas
NIPR flags PDB Alert for Kansas NR License
For those holding a Kansas NR license, you may be seeing the 'crop' LOA incorrectly added to your license. This is an error that NIPR is working to correct. It is estimated this LOA will need to be removed from 48,000 licenses. Note this was not processed as planned and was changed to be effective 1/15/2022.
Effective
January 12th, 2022
Effective:
January 13th, 2022
map-marker West Virginia
West Virginia Changes Expiration Date
There was an issue that led to incorrect expiration dates on West Virginia licenses. This issue has been resolved and can be viewed on the producer database. The expiration date will now read 1/13/2022.
Effective
January 10th, 2022
Effective:
January 10th, 2022
map-marker Kansas
map-marker Oklahoma
map-marker Hawaii
map-marker North Dakota
map-marker Massachusetts
map-marker Iowa
map-marker Illinois
map-marker Florida
map-marker Pennsylvania
map-marker Washington
Surplus Lines Alert For Several Jurisdictions
Several states have released key information on Surplus Lines and can be found in the attached document.
Effective
January 08th, 2022
Effective:
January 10th, 2022
map-marker Kansas
Alert Noting Missing LOAs on Inactive Kansas Licenses
On January 10th PDB alerts will appear as a result of the Kansas conversion to state based systems. From the conversion, 400,000 lines did not migrate properly on inactive licenses. The impact of this is the PDB will not load these appointments. This announcement notes that the appointments were not deleted and this error is working on being corrected.
Effective
January 06th, 2022
Effective:
January 06th, 2022
map-marker Kentucky
Kentucky Clarifies “Best Interest” in the Context of Annuities
A recent amendment to 806 KAR 12:120 requires licensees to make annuity recommendations that are in the best interest of the consumer "under the circumstances known at the time the recommendation is made". This announcement clarifies that the "best interest of the customer" requirement is applicable **only **at the time the recommendation is made and not on an ongoing basis.
Effective
January 03rd, 2022
Effective:
January 03rd, 2022
map-marker Alaska
Alaska Announces Adjuster License Exemption Due to Disaster
As a response to the winter storms, Alaska is accepting individual adjuster license exemption applications. This allows non residents of Alaska who licensed adjusters in their home state (DHS not accepted) to adjust losses caused by the catastrophe in Alaska. Application for this emergency license can be done via NIPR. Stay alert for an expiration on this exemption. For any question, please contact the Alaska Division of Insurance.
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
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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).