Regulatory Updates

Illinois announces its company appointment renewal period to be November 3, 2025 - January 2, 2026.

Posted October 3, 2025, Louisiana individual appointment renewal invoices will be available for payment from December 1, 2025, to January 5, 2026. The termination deadline is November 25, 2025.

$20 per Individual appointment renewal

Effective September 15, 2025, Washington now allows a resident and non-resident licensing for a pharmacy benefit manager (PBM). Requirements are below: - PBM's must register with the Office of the Insurance Commissioner (OIC) and annually renew the registration. - A PBM is a subtype of health care benefit managers (HCBMs). - A "PBM" is a person who contracts with pharmacies on behalf of a health carrier, employee benefits program, or Medicaid managed care program to: - Process claims for prescription drugs or medical supplies or provide retail network management for pharmacies or pharmacists; - Pay pharmacies or pharmacists for prescription drugs or medical supplies; - Negotiate rebates, discounts, or other price concessions with manufacturers for drugs paid for or procured as discussed in WA ST 48.200.020(14)(a); - Establish or manage pharmacy networks; or - Make credentialing determinations. - PBMs must comply with the requirements set forth in: - WA ST 48.200.030 - WA ST 48.200.050 Health Care Benefit Managers; and - WA ST 48.200.220 - WA ST 48.200.320 (PBM requirements).

Effective November 14, 2025, New Jersey will be adding two new license classes for electronic processing

- Pharmacy Benefits Manager, License and Renewal fee - $10,000 - Pharmacy Services Administrative Organization, License and Renewal fee - $5,000

These new license classes are for business licenses only and will display on the Producer Database.

Posted September 18, 2025: Massachusetts posted the following bulletin, which implements the 2026 licensure of Pharmacy Benefit Managers ("PBMs”). Applicants seeking to operate as a PBM in the Commonwealth of Massachusetts on and after January 1, 2026, must apply no later than October 15, 2025.  If granted, the license will be valid for one year, expiring on December 31, 2026. Each Applicant must provide the information required in the attached Application. Please see the attachment for more information. 

Update September 30, 2025, AXIS SPECIALTY EUROPE SE (NAIC # AA1784130) is now in compliance and will remain active in SLIP+.

September 22, 2025, Florida’s Surplus Lines Service Office (FSLSO) issued a notice regarding the following surplus lines insurers being out of compliance.  - AXIS SPECIALTY EUROPE SE (NAIC # AA1784130)

FSLSO will be removing these carriers from its filing platform on October 1, 2025, if the filing requirement is not met. Please see the attachment for more information.

Effective September 20, 2025, Louisiana posted an amendment to Regulation 112. The purpose of this amendment is to incorporate the current edition of handbooks, guidelines, forms, and instructions adopted by the National Association of Insurance Commissioners (NAIC) and referenced in the Louisiana Insurance Code.

Please see the attachment for more information

On October 1, 2025, South Dakota will remove the limit on the number of continuing education credits an insurance producer can receive during a two-year period from courses sponsored by an insurance company. Please see the attachment for more information

On September 19, 2025, Washington released a prepublication draft for the rule on registering and identifying umpires in auto appraisals. The new law requires the Insurance Commissioner to register competent and disinterested umpires who will be identified to auto appraisers if they are unable to agree on an umpire to resolve their loss dispute. The comment period for the prepublication draft begins on Friday, September 19, and closes at 11:59 p.m. on September 28, 2025. Please send comments to rulesc@oic.wa.gov.

For more information on about the upcoming draft for this law, visit the following link R 2025-04

Posted September 19, 2025, New York removed a company from the list of Excess & Surplus lines (E&S) insurers, maintained by the Excess Line Association of New York (ELANY). Please see the attachment for more information.