Regulatory Updates

Renewals must be completed by December 31, 2023. Renewal Fees should be submitted on or before December 7, 2023 to avoid unlicensed activity or penalty fees for late renewal. Please see attached for more information.

On November, 9, 2023, FINRA posted an update reminding firms, Self Regulatory Organizations (SROs), States and Jurisdictions to renew registrations by annual renewal deadline. Please see the attachment for more information.

On November 7, 2023, Tennessee Department of Commerce & Insurance published changes to license fees and terms for individuals. Please see below for updated sections.

Two more member jurisdictions have implemented the Investment Adviser Representative (IAR) CE requirements. Please see attached for more information.

Effective October 25, 2023, Maine updates Bill to document requirements indicating applicants have 10 business days to provide application / disclosure information. Please see attachment for more information.

**Appointment Renewal End Date changed to January 3, 2024** - Active individual appointments on record as of November 24, 2023, will be invoiced for renewals. - The NIPR website will display the renewal invoice and a list of appointment renewals beginning at 8:00 am CST on December 1, 2023. - The invoices will no longer be displayed on the NIPR website after January 3, 2024, at 4:00 pm CST. - NIPR will display the invoices as paid once payment is received. - Louisiana appointments paid through the appointment renewal invoice will also be updated after the renewal period ends on with the effective date of December 31, 2024.

On January 1, 2024, Texas will reduce the stamping fee for surplus lines measured by premium. Please read the attachment for more information.

The North American Securities Administrators Association (NASAA) today announced the launch of the Investment Adviser Representative Exam Validity Extension Program (IAR EVEP). The IAR EVEP provides eligible individuals with the opportunity to extend the validity of their Series 65 examination for up to five years while not registered with a jurisdiction that has adopted the program. Please see attachment for more information.

On November 2, 2023, New York DFS published license fees and terms for firms and individuals. 

**For Resident Individuals** For information regarding excess line broker licensure and links to forms, go to: `https://on.ny.gov/31RTgdl`

     a.   If the individual already holds a property/casualty           broker license, click on "Manage Your License" then           "Add-A-line".       b.   If the individual does not yet hold a property/casualty           broker license, click on "Apply for Your License" then           "Individual Original/TBA License Application".      c.   Initial and renewal license applications must be           submitted electronically through the Department of           Financial Services (DFS) Portal.

**For Resident Firms** Initial entity license applications or applications to add a      sublicensee to the license can be submitted either      electronically through the DFS Portal or by mailing a paper      application to the Department.

     a.   Click on "Apply for Your License" then "Entity           Original Application" for a link to the DFS Portal.      b.   Email licensing.applications@dfs.ny.gov for the           paper application.

7\.   License renewals must be submitted electronically through      the DFS Portal.

**For Nonresident Individuals** 6\.   License renewals must be submitted electronically through      the DFS Portal.

**For Nonresident Firms** 5\.   Initial entity license applications or applications to add a      sublicensee to the license can be submitted either      electronically through the DFS Portal or by mailing a paper      application to the Department.

     a.   Click on "Apply for Your License" then "Entity           Original Application" for a link to the DFS Portal.      b.   Email licensing.applications@dfs.ny.gov for the           paper application.

6\.   License renewals must be submitted electronically through      the DFS Portal.

On October 31, 2023, Rhode Island clarified changes to fees and policy premium on Property and Casualty for admitted insurers. Please see attachment for more information.