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.
September 13th , 2022
Effective:
October 14th , 2022
October 14
Iowa
Iowa adding Travel LOA
Starting on October 14, 2022, Iowa will add the Travel line of authority for Resident License, Nonresident License, Resident Renewal, and Nonresident Renewals. Application and renewal fees will be $50.
Effective
September 08th , 2022
Effective:
November 01st , 2022
November 01
Oklahoma
Oklahoma Insurance Consultant and Customer Service Representative Conversions
Effective Novmeber 1, 2022, Oklahoma will require licensed Insurance Consultants and licensed Customer Service Representatives to hold an Insurance Producer license. SBS will complete this conversion automatically for anyone license as a consultant or CSR on the effective date.
Effective
September 01st , 2022
Effective:
September 01st , 2022
September 01
Oregon
Oregon Requirements for Errors and Omissions Insurance Coverage
Oregon advises that Errors and Omissions coverage policies must include and investment advice or other services performed by the investment advisor.
Effective
August 30th , 2022
Effective:
October 08th , 2022
October 08
Maryland
Maryland Implementing Annuity Training Requirement
On October 8, 2022 Maryland will be adopting the best interest standard and will require new training for any producers involved in the sales of annuities,.
Effective
August 25th , 2022
Effective:
October 01st , 2022
October 01
Kansas
Kansas Adding License Class for Pharmacy Benefit Manager
Beginning on October 1, 2022, Kansas will offer a Pharmacy Benefit Manager License Class for resident licensing, nonresident licensing, resident licensing renewal, nonresident licensing renewal, no home state licensing, and no home state renewals
Effective
August 24th , 2022
Effective:
January 01st , 2022
January 01
Hawaii
Hawaii Introducing New Training Requirements
Beginning January 1, 2023, Hawaii will amend its training requirements to include a 4 credit training course and an additional one credit course.
Effective
August 23rd , 2022
Effective:
January 01st , 2022
January 01
New York
New York Reduces Stamping Fee
New York's request to reduce the stamping fee to 0.15% has been approved and will take effect on all excess lines policies that begin on or after January 1, 2023.
Effective
August 22nd , 2022
Effective:
August 29th , 2022
August 29
North Carolina
North Carolina Semi Annual Reporting Requirements
NCDOI is requiring data regarding nonfleet private vehicle damage and residential property from companies who issued Consent to Rate policies from January 1, 2022 - June 30, 2022. Data should be submitted by October 4, 2022.
Effective
August 16th , 2022
Effective:
August 04th , 2022
August 04
North Carolina
North Caroline Appointment Fee Increase
Effective August 4, 2022, North Caroline updated the appointment fee from $10 to $11 per appointment.
Effective
August 09th , 2022
Effective:
August 09th , 2022
August 09
Louisiana
Louisiana Updates Continuing Education
Louisiana will be amending Rule 10 of Continuing Education. The amendment will include removing the first renewal exemption for CE pre licensing, Required information for CE credit, required data for CE renewal, accident and health language, and other technical changes.
Effective
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Disclaimer - AgentSync does not warrant to the completeness or accuracy of the information provided in this database. You are responsible for ensuring the accuracy and totality of all representations, assumptions, information and data provided by AgentSync to you in this database. The information in this database should not be construed as legal, financial, or other professional advice, and AgentSync is not responsible for any harm you sustain by relying on the information provided herein. You acknowledge and agree that the use of this information is at your own risk. You should always consult with the applicable state and federal regulatory authority to confirm the accuracy of any of the information provided in this database.
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analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).