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.
May 24th , 2023
Effective:
May 24th , 2023
May 24
New York
New York Proposes Excess Line Placements Governing Standard Changes
New York proposes Excess Line placements governing standard changes. See attachment for full details.
Effective
May 24th , 2023
Effective:
June 26th , 2023
June 26
Georgia
Georgia Announces Hearing Affecting Various Licensing Regulations
Georgia hearing on new rules and regulations scheduled for June 28, 2023. See attachment for full details.
Effective
May 23rd , 2023
Effective:
April 14th , 2023
April 14
Kentucky
Kentucky Updates to Local Premium Tax and Data Security
Article providing updates to the Kentucky Local Premium Tax and Data Security meeting is posted. See attachment for full details.
Effective
May 23rd , 2023
Effective:
June 30th , 2023
June 30
Louisiana
Louisiana 2023 Agency Appointment Renewals
The Invoice renewal period for the Louisiana 2023 Agency Appointment Renewals is June 30, 2023 – August 1, 2023. The termination deadline is June 25, 2023
Effective
May 22nd , 2023
Effective:
May 19th , 2023
May 19
New Mexico
New Mexico Rescinds Bulletin Regarding Surplus Lines Export List
Effective immediately, producers shall perform the diligent search requirement, in accordance with existing guidance in 59A-14-3 NMSA and 13.19.2.17 NMAC, before placing insurance on the surplus lines market.
Effective
May 18th , 2023
Effective:
May 18th , 2023
May 18
Alaska
Alaska Addresses Title Insurance Limited Producer License Requirement
Alaska addresses title insurance limited producer license requirement. See attachment for full details.
Effective
May 18th , 2023
Effective:
May 18th , 2023
May 18
North Carolina
North Carolina Issues Bulletin Regarding its Catastrophic Adjusters Procedures
North Carolina issues bulletin regarding its Catastrophic Adjusters procedures. See attachment for full details.
Effective
May 18th , 2023
Effective:
July 01st , 2023
July 01
California
California Announces New Online Services for Bail License
The Bail Fugitive Recovery Persons Act will take effect July 1, 2023 (Assembly Bill 2043, Jones-Sawyer, Chapter 768, Statutes of 2022). This Act requires all individuals who are currently or would like to be a Bail Fugitive Recovery Person to be licensed by the California Department of Insurance (Department). See attachment for full details.
Effective
May 18th , 2023
Effective:
July 01st , 2023
July 01
Ohio
Ohio to Update Fee for Reinsurance Intermediary Licenses
Effective, July 1, 2023, the fee for the Reinsurance Intermediary Managers and Brokers will change from $500 to $100. This change will affect Resident Licensing, Resident Licensing Renewals, Nonresident Licensing, and Nonresident Licensing Renewals and will apply to individuals and business entities.
Effective
May 17th , 2023
Effective:
August 04th , 2023
August 04
Connecticut
Connecticut Implement New Transaction Types to Process Designated Responsible Licensed Producer (DRLP)
~~Effective July 7, 2023~~, Connecticut will implement a new transaction type to allow update of Designated Responsible Licensed Producers in the near future. An effective date has not yet been determined.
~~Update: Effective Date has been updated to TBD~~
~~Update July 13, 2023 – Update – the effective date has been set for August 3rd, 2023** **~~
Update: Effective Date has been set for August 4, 2023
Pending
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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).