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.
Effective June 12, 2023, Kansas will add the license class of Third Party Administrator as well as modify company licensing data.
Pennsylvania amends its proposed Surplus Lines Export List of Insurance Coverages. See attachment for full details.
Effective on June 8, 2023, reinstatement fees for resident and nonresident applicants for Surety Bail Bonds will be updated from $150 to $250
Effective May 1, 2023 Minnesota updated the technology fees from $15 to $10.
Effective June 9th, 2023, Hawaii will allow applicants with no active resident license to electronically submit Contact Change Requests. Additionally, Appointer/Carrier FEIN will be mandatory for Appointments and Terminations
Maryland proposes ruling that Property & Casulaty producers obtain at least 2 hours of CE in flood insurance. See attachment for full details.
Effective April 27, 2023, Iowa will display historical Line of Authority data for inactive status for up to 7 years.
Effective May 11, 2023, California will update several LOA descriptions for Life Settlement Broker and Reinsurance Intermediary Broker license classes. Additionally, they will add a new License Class called Fugitive Recovery Agent on the PDB for display only
For Residents and Nonresidents 28 TX ADC s 1.504 (Effective 4/16/2023) - Per 2023 TX REG TEXT 632910(NS) - INDIVIDUAL NONRESIDENT LICENSE REQUIREMENTS: FINGERPRINTS - Added fingerprint service code request requirements.28 TX ADC s 1.509 (Effective 4/16/2023) - Per 2023 TX REG TEXT 632910(NS) - INDIVIDUAL NONRESIDENT LICENSE REQUIREMENTS: FINGERPRINTS - a) Revised the entities that may capture fingerprints and fingerprinting process information. b) Deleted option to have fingerprints captured by the "department's examination vendor." c) Deleted information discussing methods for obtaining fingerprint cards. 28 TX ADC s 19.1602 (Effective 4/16/2023) - Per 2023 TX REG TEXT 632911(NS) - DISCOUNT MEDICAL PLAN ORGANIZATIONS: GENERAL REQUIREMENTS - Revised the Department contact information and methods for submitting the registration form.
Effective May 1, 2023, SC will have a new exam vendor, Pearson Vue. You may contact Pearson Vue directly at 877-759-5226 or schedule online at https://home.pearsonvue.com/sc/insurance to register for the state licensing exam and/or view exam content outlines.
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