Regulatory Updates

Effective December 1, 2023, North Dakota Insurance Department will no longer accept appointment / termination documents via paper, email or mail and will only accept electronically through NIPR. Please see attached for more details.

Effective December 21, 2023, New York will not allow appointments to be backdated and will ignore any submissions with a backdate. Appointment Issue date will be the system date.

Insurance Commissioner Gordon I. Ito authorizes temporary assistance of Nonresident independent Adjusters for the continued support of the affected communities and residents of the Maui Island wildfires. Full details can be found in the attached declaration.

The invoice renewal period Property and Casualty and Other limited lines is Jan. 8, 2024 AM EST - March 31, 2024 3PM EST. The late renewal period is April 1, 2024 8AM EST - June 30, 2024 3PM EST. The termination deadline is Jan. 4, 2024. 

**Renewal Fees: ** Individual Producers with RL: $40 Business entities/Agencies with RL: $100 Individual NR Producer: $50 Business entities/Agencies with NRL: $120

**Late Renewal Fees:** Individual Producers with RL: $80 Business entities/Agencies with RL: $200 Individual NR Producer: $100 Business entities/Agencies with NRL: $240

Effective January 1, 2024, Illinois to Update Bail Bond Requirement for Public Adjusters.

Bond Amounts for Public Adjusters will change from $20,000 to $50,000.  This change will affect the following:  - Resident Licensing,  - Nonresident Licensing,  - Nonresident Licensing  - No Home State applications for Public Adjusters.

No Impact to Manage Posted to the compliance library

Effective January 1, 2024, Vermont will update various retaliatory fees for the following: Nonresident Licensing,  Nonresident Adjuster Licensing,  Nonresident Adjuster Renewal,  Nonresident Licensing No Home State, Nonresident Renewal No Home State. 

The Kansas Department of Insurance Company Appointment Renewal Dates will be January 4, 2024 – March 1, 2024. Termination deadline is December 23, 2023.

The invoice renewal period for insurance Producer, Limited Surety Individual is Jan. 3, 2024 AM CT to March 1, 2024 3PM CT. The termination deadline is December 28, 2023. 

**Renewal Fees: ** Individual Producers $20 / Appointment Limited Surety $20 / Appointment

**November 17, 2023 - LICENSING REQUIREMENTS - NONRESIDENT - OH**

- Clarification on Dual Licensure Requirements in Variable Contract License, General Requirements section and removed references to Life Insurance.

**November 20, 2023 - LICENSING REQUIREMENTS - RESIDENT - OH**

- Clarification on Dual Licensure Requirements in Variable Life Insurance and Annuities, General Requirements section and removed references to Life Insurance.

On November 16, 2023, Washington announced a new course requirement for annuities producers effective on January 1, 2024. Sales of Annuities producer training will be updated to include Best Interest Standards. Please see attached for more information on training, CE requirements and deadlines.