Regulatory Updates

Effective June 9, 2023, Rhode Island will defer all Emergency Class applications. All No Home State applications containing Emergency Adjuster and Emergency Motor Vehicle Appraisers will be deferred to the state for review. 

Effective June 9, 2023, Virginia will add new validation to prevent an amendment transaction if the applicant’s license is in the renewal period. The applicant must first renew the license and then submit the amendment transaction. 

Effective May 1, 2023, West Virginia Individual Adjusters will now receive a $50 Biannual Renewal Fee for any adjusters with an expiration date on or after July 31, 2023.

West Virginia has released their 2023 Company Appointment Renewal dates for Insurance Producers. The renewal period is June 6 through August 31, 2023 and the termination deadline is May 31

For Residents and Nonresidents 2023 KS S.B. 85(NS) (Effective 1/1/2024) - 1) WHO MUST BE LICENSED - Added limited lines travel insurance producer licensing requirement. 2) LIMITED LINES: TRAVEL AGENT - a) Added the "limited lines travel insurance producer," "travel administrator," and "travel insurance" definitions. b) Added limited lines travel insurance producer licensing requirements. c) Added travel administrator licensing requirements. KS ST 40-4906 (Effective 7/1/2023) - Per 2023 KS H.B. 2090(NS) - 1) FEE SUMMARY - Specified that the producer application fee is "not to exceed" $30 and the biennial license fee is "not to exceed" $50. 2) INDIVIDUAL NONRESIDENT LICENSE REQUIREMENTS: APPLICATION - a) Specified that the producer application fee is "not to exceed" $30. b) Added producer application fee publication requirements. 3) LICENSE CONTINUATION: LICENSE TERM AND CONTINUATION - Specified that the renewal fee is not to exceed $50.

Vermont has released their 2023 Company Appointment Renewal dates for all active appointments. The renewal period is June 3 through June 30, 2023 and the termination deadline is May 31

For Residents and Nonresidents 2023 ND S.B. 2173(NS) (Effective 8/1/2023) - LIMITED LINES: TRAVEL AGENT - a) Added "travel administrator" definition. b) Added travel administrator licensing requirements. ND ST 26.1-26-54 (Effective 8/1/2023) - Per 2023 ND S.B. 2173(NS) - LIMITED LINES: TRAVEL AGENT - a) Revised the "limited lines travel insurance producer" definition to include travel administrators and exclude MGAs and a designation requirement for producers. b) Added "travel insurance" definition. c) Revised the limited lines travel insurance producer licensing requirements.

New York proposes changes to its Excess Line placement standards. See attachment for full details.

New York proposes amendments to its Cybersecurity requirements for financial services companies. See attachment for full details.

For Residents and Nonresidents UT ADC R590-244-7 (Effective 4/7/2023) - Per 2023 UT REG TEXT 637369(NS) - INDIVIDUAL NONRESIDENT LICENSE REQUIREMENTS: APPLICATION and ORGANIZATION NONRESIDENT LICENSE REQUIREMENTS: GENERAL REQUIREMENTS - Added Department website URL information.UT ADC R590-244-9 (Effective 4/7/2023) - Per 2023 UT REG TEXT 637369(NS) - LICENSE REVOCATION AND SURRENDER: PENALTIES - Deleted information stating that licensees may be subject to administrative penalties for failing to submit and maintain a valid email address. UT ADC R590-244-11 and UT ADC R590-244-12 (Effective 4/7/2023) - Per 2023 UT REG TEXT 637369(NS) - AGENT APPOINTMENT AND TERMINATION: TERMINATION OF APPOINTMENT - a) Revised the information that must be included in the report of a termination for cause. b) Deleted "reasons or reasons for" language. c) Deleted information stating that the report is not required to include information that is unknown.