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.
Effective January 1, 2024, California has updated conditions under which the organization license number must be included in an email for both Residents and Nonresidents.
A licensee's license number must be included in emails that involve activity requiring licensure. The license number must:
a. be in a type size that is no smaller than the largest of any phone number, street address, or email address of the person included in the email; b. if an individual licensee, appear next to or on the line below the individual's name or title; and c. if an organizational license, appear next to or on the line below the organization's name if the email is sent from the organization and not an individual licensee.
Effective November 18, 2023, Washington is eliminating prelicensing education requirements for Insurance producers. See Attachment for full details.
Effective September 29, 2023, Oregon has issued a bulletin indicating causes for License revocation and surrender for residents and nonresidents.
Failure to timely provide the Division with complete, accurate, and truthful information in all filings may result in license refusal, suspension, or revocation or civil penalties. Common notice and filing issues/deficiencies include, but are not limited to:
a. Failure to provide a direct phone number that allows staff to contact the individual; b. Using a generic or shared email address instead of the individual's direct email address; c. Failure to notify the Division within 30 days of changes in producer and applicant address or contact information; d. Failure to notify the Division within 30 days if an individual receives a notification of a Regulatory Information Retrieval System (RIRS) violation or notice of a criminal case; e. Failure to provide a prompt and truthful response to an inquiry from the Director of the Department of Consumer and Business Services in the time and manner specified; f. Incomplete, misleading, or materially untrue application information g. Applicants submitting more than 1 application with different responses, especially responses that misrepresent misdemeanor/felony convictions declared on a prior filing.
Effective November 10, 2023, Nebraska will add a new Apprentice Temporary Insurance Producer license type which allows a licensee to apply for appointments
Effective October 11, 2023, North Carolina Surplus Lines taxes and stamping fees are due within 30 days of the end of each quarter.
Effective October 31, 2023, Pennsylvania will update Non Uniform Questions. Key Value 3A, B,C,D,E,F,G and Key Value 4 will be removed. Pennsylvania is requesting Industry to stop sending the answer to these Non Uniform Questions at any time. There will also be verbiage updates for Key Value 1.
Effective November 9, 2023, New Hampshire will no longer require a Nonresident Licensee’s submitted mailing address to match the current mailing address for resident / home state on Producer Database (PDB).
Effective November 9th, 2023, Kansas will not allow amendments during the reinstatement period (91 days up to four years past the expiration date) for Resident Licensing and Nonresident No Home State Licensing applications.
Effective November 10, 2023, Arizona will update a Non Uniform Question (NUQ) 5 for Resident Licensing applications for individuals.
UPDATE: Effective date has changed to November 17, 2023.
Effective October 13, 2023, Virginia will no longer allow applicants with the status of Admin Term for CE to reinstate through NIPR. The affected applications are Resident Licensing and Resident Licensing Renewals.
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