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.
April 12th , 2023
Effective:
April 12th , 2023
April 12
Louisiana
Louisiana Guidance Regarding Producer Compensation in the Form of a Fee
Louisiana sends guidance regarding producer compensation in the form of a fee. See attachment for details.
Effective
April 11th , 2023
Effective:
April 11th , 2023
April 11
Maryland
Maryland Amends Prohibition on Rebates and Inducements of Products and Services by an Insurer
Maryland amends prohibition on rebates and inducements of products and services by an insurer. See attachment for full details.
Effective
April 10th , 2023
Effective:
April 10th , 2023
April 10
West Virginia
West Virginia summarizes its 2023 legislation
West Virginia summarizes its 2023 legislation. See attachment for details.
Effective
April 10th , 2023
Effective:
April 10th , 2023
April 10
Delaware
Delaware Address and Payment Mailing Requirements.
Delaware sends reminder regarding address and payment mailing requirements. See attachment for details
Effective
April 06th , 2023
Effective:
January 01st , 2024
January 01
Tennessee
Tennessee Clarification of the Suitability in Annuity Transactions Requirement
Tennessee provides clarification to the Suitability in Annuity Transactions requirement. See attachment for full details.
Effective
April 05th , 2023
Effective:
September 01st , 2023
September 01
Alabama
Alabama Announces Dates Related to 2023 Pre-Need Company Appointment Renewals
Alabama 2023 Pre-Need Company Appointment Renewals
Invoice Renewal Period will be May 1, 2023 to September 01, 2023
Termination Deadline April 27, 2023
Effective
April 04th , 2023
Effective:
July 05th , 2023
July 05
Wyoming
Wyoming Updates Regulation Governing Suitability of Annuity Transactions
Wyoming updates regulation governing suitability in annuity transactions. See attachment for full details.
Effective
April 03rd , 2023
Effective:
April 03rd , 2023
April 03
California
California Background Check Disclosure Reminder
California sent a reminder for background check disclosures.
California Insurance Code (Cal. Ins. Code) section 1729.2 requires all licensees and applicants to report any changes in background information to the California Department of Insurance (CDI) within 30 days of the date the licensee or applicant learns of the change in background information.
See attachment for full details.
Effective
April 03rd , 2023
Effective:
April 28th , 2023
April 28
South Carolina
South Carolina Will No Longer Offer Auto Physical Damage or Auto Liability on Adjuster Licenses
Effective April 28, 2023, South Carolina will no longer offer the lines of authority of Auto Physical Damage and Auto Liability for initial adjuster licenses.
Released
April 03rd , 2023
Effective:
April 30th , 2023
April 30
Connecticut
Connecticut Appointment Renewal Date Update
Effective April 3, 2023. Connecticut will update the renewal date for 500,000 + appointments from April 30, 2023 - June 30, 2023.
Effective
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analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
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).