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.
August 05th , 2022
Effective:
January 01st , 2022
January 01
North Carolina
North Carolina Stamping Fee
Effective January 1, 2023, North Carolina will decrease its stamping fee from 0.4% to 0.3%.
Effective
August 05th , 2022
Effective:
August 05th , 2022
August 05
Florida
Florida Updates Forgot Password Process
Previously the Forgot Password process had been turned off for maintenance. The process will now include an email to the email address on record with a verification code to be entered in the MyProfile section.
Effective
August 05th , 2022
Effective:
September 01st , 2022
September 01
Connecticut
Connecticut Will Have Updated Fee and New Line of Authority
Effective September 1, 2022, the license fee for Utilization Review License will update from $3,000 to $6,000. Connecticut will also be adding the LOA of Third Party Administrator Registration.
Effective
August 04th , 2022
Effective:
August 04th , 2022
August 04
Massachusetts
Update: Massachusetts Company Appointment Renewals Now Open
Massachusetts had previously delayed the opening of the company appointment renewals. it is now Open.
Effective
August 03rd , 2022
Effective:
August 03rd , 2022
August 03
Rhode Island
Rhode Island Updates Licensing Rules for Self-Service Storage Agents
Effective August 3, 2022, Rhode Island updated licensing rules for resident and nonresident self-service storage agents.
Effective
August 02nd , 2022
Effective:
August 02nd , 2022
August 02
Maryland
Maryland Updates Continuing Education Requirements for Residents
Maryland has revised the Continuing Education to 13 Hours for a title insurance producer license. Maryland also revised the the Continuing Education hours for producers with Property or Casualty licenses with Life or Health.
Effective
July 29th , 2022
Effective:
August 01st , 2022
August 01
Louisiana
Louisiana Announces Insurance Title License Requirements
Louisiana now requires individual title insurance producers be a resident of Louisiana or be employed full time by an agency in Louisiana.
Effective
July 29th , 2022
Effective:
September 08th , 2022
September 08
Idaho
Idaho to Convert to State Based System
Idaho will be converting to the SBS in September. Beginning on September 8th at 6PM Central the Gateway will shut down until September14th at 9AM Central.
Effective
July 25th , 2022
Effective:
July 25th , 2022
July 25
Nebraska
Nebraska Removing Proctoring Requirements
Effective Immediately, Nebraska eliminates the proctor requirements for online continuing education.
Effective
July 25th , 2022
Effective:
July 25th , 2022
July 25
Pennsylvania
Pennsylvania Clarifies Additional Surplus Lines Fee
This clarification is related to confusion surrounding PA Insurance Law 310.74 that outlines that a "licensee may change a fee in addition to a commission to a person for the sale, solicitation, or negotiation of a contract of insurance for commercial business." It also notes that this fee must be disclosed in writing in advance. This clarification concludes that additional fees charged on a non-commercial surplus lines policy is a violation of the law noted here if the surplus lines producer also receives commissions from the insurer.
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).