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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November 08th, 2022
Effective:
January 01st, 2022
map-marker Georgia
Georgia Adds Lates Renewal for Agencies
Effective Jan 1., 2023, Georgia will offer a late renewal with associated fees for both resident and nonresidents in the following License Classes: Principal Agency, Branch Agency, Rental Company, Retail Vendors of PEI, Self-Storage Provider. The late renewal period will be 15 days. After this period, one must reapply. The fee is $15.
Effective
November 07th, 2022
Effective:
November 07th, 2022
map-marker Wyoming
Wyoming Updates TPA Regulations
Wyoming updates the TPA requirements for initial licensing and renewals that are effective immediately. Expand for a summary of the requirements and to view the original document.
Effective
November 04th, 2022
Effective:
January 01st, 2022
map-marker Wyoming
Wyoming Updates Standards for Suitability in Annuity Transactions
The updates will reflect the best interest standards for annuity sales based on the National Association of Insurance Commissioners Suitability in Annuity Transactions Model. The updates result in a one time, 4 credit training course.
Effective
November 04th, 2022
Effective:
November 04th, 2022
map-marker Illinois
Illinois Sets 2022 Company Renewal Dates for Limited Lines Producer Classes
The invoice renewal period is November 2, 2022, 8 AM CST until January 2, 2023, 4 PM CST. The deadline for terminations is October 27, 2022. After an appointment is renewed, the new date displayed on the PDB will be December 31, 2023.
Effective
November 01st, 2022
Effective:
November 03rd, 2022
map-marker Colorado
Colorado Updates Licensing Fees
Effective Nov. 3rd, 2022, Colorado will adjust their licensing fees to remain in compliance with statutory requirements.
Effective
October 25th, 2022
Effective:
September 09th, 2022
map-marker Oregon
Oregon Implements Renewals for Pharmaceutical Sales Reps
Effective as of September 9, 2022, Oregon began to offer renewals for Pharmaceutical Sales Representative. This is for Resident and No Home State Renewals.
Effective
October 24th, 2022
Effective:
October 24th, 2022
map-marker Kentucky
Kentucky Tax Annual Reconciliation Report Filings
This update notes that KY will only accept Premium Tax Annual Reconciliation Report reports filed via the direct upload to the Departments eServices portal. Any other methods will not be accepted.
Effective
October 24th, 2022
Effective:
October 24th, 2022
map-marker Kentucky
Kentucky Surplus Lines Bulletin
Kentucky has put out a bulletin that states the Department will no longer accept Premium Tax Annual Reconciliation Reports filed anywhere other than the Department's own direct eService upload.
Effective
October 20th, 2022
Effective:
December 12th, 2024
N/A
FINRA Announces Key Renewal Dates
FINRA has released significant dates for Preliminary Statements, Post-Dated Form Filings, Renewal Reports, and Renewal Fees & Payment Methods
Effective
October 20th, 2022
Effective:
November 24th, 2022
map-marker Oklahoma
Oklahoma Sets 2022 Appointment Renewal Dates
The 2022 Oklahoma appointment renewal dates are November 24, 2022 - December 31, 2022. Appointments must be terminated by November 16, 2022, if they are not to be renewed
Effective
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