Regulatory Updates

Nevada shares its 2023 insurance company annual appointment renewal procedures. See attachment for full details.

Idaho releases its June newsletter. See attachment.

For Residents and Nonresidents 2023 MT H.B. 591(NS) (Effective 10/1/2023) - LIMITED LINES: TRAVEL AGENT - Added travel administrator licensing requirements.MT ST 33-17-212 (Effective 1/1/2024) - Per 2023 MT H.B. 62(NS) - REFERENCES - Revised the effective date only. MT ST 33-17-241 (Effective 5/9/2023) - Per 2023 MT H.B. 567(NS) - INDIVIDUAL NONRESIDENT LICENSE REQUIREMENTS: GENERAL REQUIREMENTS - Revised the navigator training requirement information. MT ST 33-17-242 (Effective 5/9/2023) - Per 2023 MT H.B. 567(NS) - CONTINUING EDUCATION - Revised the Commissioner's responsibility with regard to navigator training requirements. MT ST 33-17-1401 (Effective 10/1/2023) - Per 2023 MT H.B. 591(NS) - LIMITED LINES: TRAVEL AGENT - Added the "limited lines travel insurance producer," "travel administrator," and "travel insurance" definitions. MT ST 33-17-1402 (Effective 10/1/2023) - Per 2023 MT H.B. 591(NS) - 1) WHO MUST BE LICENSED - Added "limited lines travel insurance producer" as another license type. 2) LIMITED LINES: TRAVEL AGENT - a) Added limited lines travel insurance producer licensing requirements. b) Deleted travel retailer registry requirements. MT ST 33-17-1404 (Effective 10/1/2023) - Per 2023 MT H.B. 591(NS) - LIMITED LINES: TRAVEL AGENT - a) Revised the applicability and enforcement information. b) Deleted information mentioning "unfair trade practices" and penalties.

Effective July 14th, 2023, Colorado Resident and Resident renewal applicants do not have to answer questions or submit documents regarding legal presence in the United States of America.

For Residents and Nonresidents 2023 TX S.B. 2232(NS) (Effective 9/1/2023) - INDIVIDUAL NONRESIDENT LICENSE REQUIREMENTS: GENERAL REQUIREMENTS - Added requirements for agents offering windstorm and hail insurance policies issued by the Texas Windstorm Insurance Association.

New York proposes Second Amendment to Cybersecurity requirements for financial services companies. See attachment for full details.

Effective October 1, 2023, Montana will eliminate the Insurance Advisory Council for education course review. See attachment for full details.

Effective January 1, 2024, Washington HB 1120 conforms regulation to the new law for annuity suitability training. See attachment for full details.

May 30, 2023, Contact: Reyn Norman, General Counsel Phone: (334) 241-4116 MONTGOMERY, AL Notice is hereby given that a hearing will be held at 10:00 a.m. Central Time, on Thursday, July 6, 2023, in the offices of the Alabama Department of Insurance, 201 Monroe Street, Fifth Floor Conference Room, RSA Tower, Montgomery, Alabama, as follows: Adoption of amendments to Insurance Regulation No. 147 [Chapter 482-1-147], which sets forth the requirements related to prelicensing education, examinations, licensing, appointments, and disciplinary consequences for insurance producers, temporary producers, and service representatives. The proposed amendments would remove the ability to apply for a service representative license and remove the prelicensing education requirements, as provided in recently adopted Alabama Act No. 2023-104. [43 pages] Adoption of amendments to Insurance Regulation No. 148 [Chapter 482-1-148], which sets forth the requirements for licensing title insurance agents. The proposed amendments would remove the prelicensing education requirements, as provided in recently adopted Alabama Act No. 2023-104. [39 pages] Adoption of amendments to Insurance Regulation No. 151 [Chapter 482-1-151], which sets forth the requirements for licensing independent adjusters. The proposed revisions would remove the prelicensing education requirements, as provided in recently adopted Alabama Act No. 2023-104. [45 pages] All of these amendments are narrowly tailored to remove obsolete, outdated, and unnecessary rules and to comply with a recently enacted state law, and thus are within the exceptions to the moratorium on adopting or amending administrative rules as found in Executive Order No. 735. The proposed effective date of all the proposed amendments is January 1, 2024. Any person wishing to submit testimony at said hearing is requested to submit said testimony in writing by 3:00 p.m. Central Time on July 5, 2023, to the Alabama Department of Insurance, Attention: Legal Division, Post Office Box 303351, Montgomery, Alabama 36130-3351. Any written 2 submission of testimony prior to the hearing will not preclude anyone from making an oral or written presentation at the hearing. A copy of the regulations may be obtained by written request to the Alabama Department of Insurance, Post Office Box 303351, Montgomery, Alabama 36130-3351. The request must include payment of $1.00 per page and a self-addressed, postage paid return envelope. A scanned copy may be obtained at no charge via electronic mail. You may send an e-mail request toRaymond.Taylor@insurance.alabama.gov.

Effective July 5, 2023, Wyoming regulation governing Suitability in Annuity Transactions will take effect on July 5, 2023.  See attachment for full details.