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 15
Connecticut Effective September 15, 2023, Connecticut is adding Third-Party Administrator with the line of authority Third-Party Administrator Registration for Residents and Nonresidents.
January 01
Alabama Effective January 1, 2024, Alabama will no longer issue Service Representative licenses to residents or nonresidents.
No new service representative licenses will be issued on or after 1/1/2024. a. Any person holding a valid service representative license on 1/1/2024 may continue to renew the license if the person otherwise meets the requirements of AL ST § 27-7-5 _or AL ADC482-1-147-.09(2)._ b. If any service representative license expires and is not renewed for 12 consecutive months, the license will not be renewed or reactivated.
August 29
Alaska On August 29, 2023, Alaska issued a bulletin providing the list of eligible surplus lines insurers in the state. See attachment for details and full list
January 01
Alabama Effective January 1, 2024, Alabama will remove all Pre Licensing Education Requirements.
August 29
Florida On August 29, 2023, Florida announced that the Emergency Adjuster Application is now available on the MyProfile page. See attachment for full details.
January 01
Florida Effective January 1, 2024, Florida and Pearson VUE are releasing new exam content outline. See attachment for full details.
September 01
Idaho Effective September 1, 2023, examination delivery services for the Idaho Department of Insurance’s regulatory licensing program will be administered by Pearson VUE, the global leader in computer-based certification and licensure exam delivery. See attachment for full details.
November 01
Oklahoma On August 15, 2023, Oklahoma issued a bulletin providing details regarding the legislative changes made related to Third Party Administrators. SB 553 will be effective November 1, 2023. See attachment for full details.
September 13
California California Will Hold Public Hearing Concerning Renewal of Export List in Surplus Lines Area
September 13
Rhode Island Effective September 13, 2023, Rhode Island is updating business rules related to applying for an adjuster license as follows: - Applicants that have an active resident producer (non-adjuster) license and no active resident adjuster may not apply for an adjuster (non-public adjuster) license using the resident producer (non-adjuster) license. \*Note: Public Adjusters will be treated as Producers - Adjuster Designated Home State applicants cannot submit both a residence and business address in Rhode Island.
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