Regulatory Updates

Effective July 16, 2025, South Dakota will convert to State-Based Systems (SBS). All electronic processing will be turned off starting July 10, 2025, 4:00 PM CST. Processing applications is expected to resume on July 16, 2025, 9:00 AM CST. Any transaction submitted during this timeframe will be declined. - License Numbers for Individuals and Business Entities will be updated to reflect the National Producer Number (NPN) - Company license numbers will be changing as part of the data migration. License numbers can be looked up and verified here after the conversion is complete:  

Effective June 1, 2025, Wyoming will no longer accept paper forms for the following services. - Letter of Clearance - Voluntary Surrender - Name Change - Address Change These services need to be submitted electronically. Please see the attachment for more information.

Effective June 13, 2025, New York will begin validating the business type on electronic applications. New York requires the business type selected to match their existing record. If the Legal Business Type supplied in the transaction does not match the existing record, the transaction will be declined. Applicants who need to update their Legal Business Type may contact [licensing@dfs.ny.gov](mailto:licensing@dfs.ny.gov)

Effective June 13, 2025, Delaware will increase fees for insurance professionals by $25. This increase applies to licensing, renewals, name changes, and amendment fees. One-time appointment fees are not affected and will remain unchanged. Please see the attachment for more information.

Effective June 13, 2025, Iowa will start displaying the following license classes on the Producer Database: - Independent Adjuster - Staff Adjuster - Public Adjuster - Appraiser - Umpire Additionally, due to new fingerprint requirements, electronic applications for resident licensing will be deferred to Iowa for review. Please go to  for more information on fingerprinting requirements.

Effective July 1, 2025, Iowa will allow electronic application submissions for the following license classes:  - Independent Adjuster - Staff Adjuster - Public Adjuster - Appraiser - Umpire

Posted May 09, 2025, Maine posted a bulletin notifying of an immediate change to the process for insurance producer examinations. Effective immediately, those seeking to schedule an insurance examination may only take the test in a physical testing center. Online proctoring is no longer available for new reservations. Scheduled OnVue appointments will be honored through May 16, 2025. For more information, please see the attachment and visit the following link.

Posted May 08, 2025, New Hampshire has switched its insurance licensing vendor to PSI Services LLC. Please see the attachment for more information.

Posted May 08, 2025, Tennessee Securities Division is holding a public rulemaking hearing regarding an amendment that reorganizes the Industry Regulation sections of the Securities Division rules into five separate chapters from one chapter. This change is to improve usability.  The hearing will be June 11, 2025, 10 am CST, at the following address: 500 James Robertson Parkway Davy Crockett Tower Nashville, Tennessee 37243 Please see both attachments for more information.

Posted May 08, 2025, FINRA has extended the comment period for modernizing FINRA rules, guidance, and processes for the following topics: - Organization and Operation of Member Workplaces, the comment period has been extended to July 14, 2025 - Facilitate Capital Formation, the comment period has been extended to June 18, 2025 - Broad Review to Modernize Rules Regarding Member Firms and Associated Persons, the comment period has been extended to June 11, 2025 Please note the comment period for "Requests Comment on a Proposal to Reduce Unnecessary Burdens and Simplify Requirements Regarding Associated Persons’ Outside Activities" expires May 13, 2025. For more information on each topic, please use the link below