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.
July 03
Nevada See attachment for full details.
May 22
Maryland Maryland made a change to continuing education requirements effective May 22, 2023. A licensed insurance producer who possesses a license to sell property and casualty insurance and who sells flood insurance, homeowners insurance, or commercial property insurance shall obtain at least 2 hours of continuing education that directly relates to flood insurance as part of the required hours of continuing education. See attachment.
July 03
Pennsylvania Pennsylvania has published 2023 Market Conduct Review Rates. See attachment for full details.
June 30
Louisiana Effective June 30, 2023, Louisiana has posted appointment renewal invoices for Louisiana producer agencies have posted to the National Insurance Producer Registry (NIPR) website. The invoice includes all producer agency appointments active as of June 28, 2023.
See attachment.
January 01
Maine Maine is retroactively changing Surplus Lines Premium Tax to 3% effective January 1, 2023. See attachment.
June 19
New Jersey Effective June 19, 2023, New Jersey made changes to Continuing Education: General Requirements for Residents - a) Revised the ethics requirement. b) Added conditions under which credit hours may be carried over. c) Revised amount of CE credits earned by CE course instructors.
July 01
Florida Effective July 1, 2023, Florida is changing Pre-License Education Requirement for Residents to reduce the number of coursework hours to be completed in life insurance, annuities, and variable contracts from "40 hours" to "30 hours."
July 01
Nevada Effective July 1, 2024, Nevada will add that limited lines travel insurance producers, travel retailers, and the travel retailer's employees or authorized representatives will be subject to Section 2.2 of 2023 NV A.B. 7(NS) for Residents and Nonresidents.
August 03
Washington UPDATE 06/29/2023: The effective date for this change was moved to August 3, 2023 UPDATE 06/28/2023: The effective date for this change was moved to July 27, 2023.
Effective April 14, 2023, Washington will not allow backdating for any appointments. Visit the AgentSync website for additional details that can be found in the article titled **5 Things to Know About Washington State's Appointment Procedure.**
June 26
Nevada Nevada issued a Consumer Alert related to a license renewal email scam they were made aware of. Please see attachment for full details.
Please try searching with another term
For the truly curious, subscribe to our updates and never miss a relevant regulatory update.