Regulatory Updates

**Appointment Renewal End Date changed to January 3, 2024** - Active individual appointments on record as of November 24, 2023, will be invoiced for renewals. - The NIPR website will display the renewal invoice and a list of appointment renewals beginning at 8:00 am CST on December 1, 2023. - The invoices will no longer be displayed on the NIPR website after January 3, 2024, at 4:00 pm CST. - NIPR will display the invoices as paid once payment is received. - Louisiana appointments paid through the appointment renewal invoice will also be updated after the renewal period ends on with the effective date of December 31, 2024.

On January 1, 2024, Texas will reduce the stamping fee for surplus lines measured by premium. Please read the attachment for more information.

The North American Securities Administrators Association (NASAA) today announced the launch of the Investment Adviser Representative Exam Validity Extension Program (IAR EVEP). The IAR EVEP provides eligible individuals with the opportunity to extend the validity of their Series 65 examination for up to five years while not registered with a jurisdiction that has adopted the program. Please see attachment for more information.

On November 2, 2023, New York DFS published license fees and terms for firms and individuals. 

**For Resident Individuals** For information regarding excess line broker licensure and links to forms, go to: `https://on.ny.gov/31RTgdl`

     a.   If the individual already holds a property/casualty           broker license, click on "Manage Your License" then           "Add-A-line".       b.   If the individual does not yet hold a property/casualty           broker license, click on "Apply for Your License" then           "Individual Original/TBA License Application".      c.   Initial and renewal license applications must be           submitted electronically through the Department of           Financial Services (DFS) Portal.

**For Resident Firms** Initial entity license applications or applications to add a      sublicensee to the license can be submitted either      electronically through the DFS Portal or by mailing a paper      application to the Department.

     a.   Click on "Apply for Your License" then "Entity           Original Application" for a link to the DFS Portal.      b.   Email licensing.applications@dfs.ny.gov for the           paper application.

7\.   License renewals must be submitted electronically through      the DFS Portal.

**For Nonresident Individuals** 6\.   License renewals must be submitted electronically through      the DFS Portal.

**For Nonresident Firms** 5\.   Initial entity license applications or applications to add a      sublicensee to the license can be submitted either      electronically through the DFS Portal or by mailing a paper      application to the Department.

     a.   Click on "Apply for Your License" then "Entity           Original Application" for a link to the DFS Portal.      b.   Email licensing.applications@dfs.ny.gov for the           paper application.

6\.   License renewals must be submitted electronically through      the DFS Portal.

On October 31, 2023, Rhode Island clarified changes to fees and policy premium on Property and Casualty for admitted insurers. Please see attachment for more information.

On October 31, 2023, Utah Insurance Department published a requirement for comment regarding Suitability in Annuity Transactions to comply with the federal Dodd-Frank Act. This has now gone into effect as of December 8, 2023. Please see attachment for more information.

On September 28, 2023, the Oklahoma Insurance Department announced a change to their CE reporting services via State Based Systems (SBS) improvements. Please see attachment for more information.

Effective November 1, 2023, Montana provides an update to their course reporting for CE providers such that they can report an approved course as a classroom and webinar course. 

Please see attached document for more information.

Update: Effective, November 29, 2023, Oklahoma 2023 Appointment Renewals are now live in Production.

- Only appointments with active licenses on PDB will be renewed. - Termination notices for appointments must be received by NIPR no later than November 16, 2023, to allow sufficient time for processing and posting to Producer Database (PDB) before the renewal invoices are created. - On November 24, 2023, the NIPR website will display the invoice and a list of appointments due for renewal. - Appointment renewal fees will be due by 4 P.M. Central Time January 02, 2024. - All appointments will be terminated if the invoice is not paid by January 02, 2024. - Appointments will not be renewed if the payment is less than the invoice total. - Appointment renewal and NIPR processing fees are non-refundable. Please contact support@nipr.com on a dispute regarding a specific appointment with documentation to verify a previously terminated appointment BEFORE paying invoice.

Missouri posts a cybersecurity bulletin requesting insurers notify the Department of Insurance of a cybersecurity event no later than 10 days after they have become aware of a breach. Please see attached document for more information.