Regulatory Updates

Effective July 28, 2023, North Caroline will update bail bond initial and renewal processing fees.   The Resident License (RL) applicants in the license class of Professional Bail Bondsman, Surety Bail Bondsman, and Bail Bond Runner will see a reduction in the initial application processing fee from $48 to $44.  The renewal processing fee for Resident License Renewals (RLR) applicants in the same license classes will be reduced from $76 to $34.

On July 19, 2023, Washington released the proposed agenda for semi-annual rule development meeting.   See attachment for full details.

On July 19, 2023, Maine updated the law concerning Cybersecurity Events.   See attachment for full details.

On July 18, 2023, Texas issued a Commissioner’s Bulletin to lay out the requirements for reporting of Cybersecurity Incidents by Insurance Carriers in the state.  See attachment for full details.

On July 15, 2023, Pennsylvania provided the list of insurance coverages and risks eligible for export by the Insurance Commissioner.  See attachment for full details.

Effective July 31, 2023, Ohio has named PSI as the new Continuing Education (CE) processing vendor for the Ohio Department of Insurance.  See attachment for full details.

Effective July 31, 2023, Prometric will no longer be the CE vendor for the State of Ohio. Beginning August 1, 2023, PSI will be taking over all continuing education application processing, including renewals, provider applications, course applications, and inquiries.

Vermont has issued a bulletin authorizing use of catastrophe adjusters and appraisers. See attachment for full details.

Effective January 1, 2024, Nevada is adding a limited lines travel insurance producer licensing requirement for residents and nonresidents. See attachment for full details.

Effective August 1, 2023, George has established a rule related to Suitability in Annuity Transactions. See attachment for full details