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.

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October 19th, 2023
Effective:
January 01st, 2024
map-marker California
California Update to Requirements to Include License Number in Emails

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
October 19th, 2023
Effective:
November 18th, 2023
map-marker Washington
Washington Eliminating Prelicensing Education Requirements for Insurance Producers

Effective November 18, 2023, Washington is eliminating prelicensing education requirements for Insurance producers. See Attachment for full details.

Effective
October 19th, 2023
Effective:
September 29th, 2023
map-marker Oregon
Oregon Bulletin Regarding Causes for License Revocation and Surrender

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
October 19th, 2023
Effective:
November 10th, 2023
map-marker Nebraska
Nebraska to Add Temporary Apprentice Insurance Producer Licenses for Appointments, Terminations

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 13th, 2023
Effective:
October 11th, 2023
map-marker North Carolina
North Carolina Surplus Lines Premium Tax Due Date Change

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 12th, 2023
Effective:
October 31st, 2023
map-marker Pennsylvania
Pennsylvania to Update Non Uniform Questions

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
October 12th, 2023
Effective:
November 09th, 2023
map-marker New Hampshire
New Hampshire to Remove Mailing Address Rule

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
October 12th, 2023
Effective:
November 17th, 2023
map-marker Kansas
Kansas to Prevent Amendments During the Reinstatement Period

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
October 11th, 2023
Effective:
November 17th, 2023
map-marker Arizona
Arizona to Update Non Uniform Question (NUQ) for Individuals

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 10th, 2023
Effective:
October 13th, 2023
map-marker Virginia
Virginia to Disallow Reinstatements for Admin Term for CE Status

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.

Effective
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