Regulatory Updates

Effective September 13, 2025, Arkansas passed the following bill that grants residents and nonresidents certain automatic and expedited licensure requirements that apply for military service members, veterans, and spouses. - "Licensure" means the issuance of the following licenses: - Certified application counselor; - Claims adjuster; - Emergency temporary producer; - In-person assistance guide; - Insurance consultant; - Insurance producer; - Life settlement broker; - Managing general agent; - Navigator; - Purchasing group broker; - Reinsurance intermediaries broker; - Reinsurance intermediaries manager; - Risk retention agent; and - Surplus lines broker. - The following individuals are eligible for automatic licensure: - A uniformed service member stationed in AR; - A uniformed service veteran who resides in or establishes residency in AR; - The spouse of a uniformed service member stationed in AR - The spouse of a uniformed service veteran who resides in or establishes residency in AR; - The spouse of a uniformed service member who is assigned a tour of duty that excludes the spouse from accompanying the member and the spouse relocates to AR; and - The spouse of a uniformed service member who is killed or succumbs to his/her injuries or illness in the line of duty if the spouse establishes residency in AR. - Automatic licensure will be granted to an individual: - Listed above requirements; and - Who holds a license in good standing with a similar scope of practice issued in another U.S. state, territory, or district. - No testing will be required. - The license expiration date for a deployed service member or his/her spouse will be extended for 180 days following the uniformed service member's deployment return date. - An individual listed in above will be fully exempted from CE requirements until 180 days following the uniformed service member's deployment return date. - To allow for the full CE exemption, the Department may require  evidence of CE completion before: - Granting a subsequent licensure, or - Authorizing license renewal. - Expedited initial licensure requirements apply to individuals who: - Have never been licensed in the insurance industry in AR or in any other U.S. state, district, or territory; and - Qualify as one of the individuals listed as eligible - All individuals listed above will be eligible for expedited initial licensure.  These individuals must: - Apply for provisional licensure on the approved form; and - Pay the application fee. - After verifying the required documentation, the Department will issue a provisional license. - A provisional license is valid for 180 days. - Provisional licensees must be supervised by an individual who is licensed with the same scope of practice as the provisional license being applied for - If needed, an individual may request an extension of the provisional license beyond the 180 days to obtain full licensure. - Relevant uniformed service education, training, national certifications, or service-issued credentials will be accepted toward licensure qualifications or requirements when  considering a uniformed service member's or veteran's provisional licensure application.

Posted August 15, 2025, FINRA released information about the annual renewal process for 2026. Firms are required to renew their registrations with FINRA, other self-regulatory organizations (SROs) and states/jurisdictions during the Annual Renewal Program, which begins in the fourth quarter of each year.  Renewal fees are provided through two statements: - The Preliminary Statement reflects registration information as of early to mid-November. - The Final Statement reflects registration information as of Jan. 1. For more information on the annual renewal process, visit FINRA 2026 Annual Renewal Program

Posted August 14, 2025, Georgia has posted notice for proposed rule changes. All interested persons may participate in the proposed rulemaking process on September 10th, 2025, at 10:00 a.m. in the Hearing Room of the Office of the Commissioner of Insurance. Ninth Floor, West Tower, Floyd Building, 2 M.L.K. Jr Dr SE #716, Atlanta, GA 30334

For more information, please see the following link and attachments. Hearing on New Rules and Regulations Scheduled for September 10, 2025

Effective August 14th, 2025, Nebraska will be updating the initial, renewal, and reinstatement fees for Nonresident Insurance Producers.  - Initial / Renewal Fee - $100 - Reinstatement Fee - $225

Effective September 12, 2025, Virginia will be allowing business entities to update the following data electronically. - Business Address - Mailing Address - Email - Phone number

Posted August 5, 2025, Pennsylvania is soliciting comments regarding the surplus lines export list. All comments must be submitted on or before September 12, 2025, at 5:00 p.m. to: Greg Elam, Esq. Associate General Counsel Greg.A.Elam@wv.gov Please see the attachment for more information.

Effective August 1, 2025, Oregon made changes to Pharmacy Benefit Manager Rules and Insurer Reporting Rules. These changes: - Added new data elements for reporting - New market conduct requirements - New language clarifying the bar on retaliation against pharmacies - Substantial revisions to the language related to reimbursement Please see the attachment for more information.

Effective September 1, 2025, Arizona will utilize PSI as the new official vendor for processing Continuing Education (CE) credits. Please see the attachment for more information. 

Posted August 07, 2025, The Surplus Lines Association of California posted a bulletin that updated the List of Approved Surplus Line Insurers (LASLI) to reflect that: - Travelers Specialty Insurance Company (Connecticut) has been added to the LASLI effective August 5, 2025.  The updated LASLI in its entirety is available on the CDI website. 

Please see the attachment for more information. 

Effective July 1, 2025, Idaho residents and nonresidents for viatical settlements/life settlements have had the following requirements removed: - Providers must file an annual statement with the Director by March 1 - A life insurance producer license is required to act as a life  settlement provider or broker. - Within 10 days of acting as a life settlement provider or broker, a  person must: - Notify the Director that he or she is acting as a life settlement  provider or broker, including an acknowledgement that the  person will comply with the requirements set out for life  settlement transactions; - Pay all applicable fees.