Regulatory Updates

Alabama has released a Predetermination form for prospective Producers and Adjusters looking to be licensed in Alabama. This form would allow those who may have some sort of legal issue to submit that information before applying to help determine the “likeliness” of licensure. The online form can be found on www.aldoi.gov under Producer/Agents.

On March 6, 2024, Utah issued a bulletin for Bail Bond Agencies regarding license suspension rules. See attachment.

 On March 5, 2024, California issued a notice regarding the requirement to report changes in background information. See attachment.

On March 5, 2024, Arkansas issued a bulletin identifying dates related to 2024 company appointment renewals for insurance producers. See attachment. 

On March 1, 2024, Utah issued a bulletin regarding the application of title insurance laws to affiliated title insurance businesses. See attachment.  

Effective April 1, 2024, New Jersey company appointment renewal invoices will be available for payment through June 5, 2024. 

Effective April 1, 2024, Guam will Implement new transaction types to process designated responsible licensed producer (DRLP) and primary name change updates.

Effective July 5, 2024, Vermont will add specific training requirements that apply to resident and nonresident producers who transact annuity products.

On February 15, 2024, Florida issued the following state regarding online proctored exams.

On February 15, 2023, California issued a notice requesting comment regarding Continuing Education Requirements for Investment Adviser Representatives. See attachment for full details.