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.
Tennessee provides clarification to the Suitability in Annuity Transactions requirement. See attachment for full details.
Alabama 2023 Pre-Need Company Appointment Renewals Invoice Renewal Period will be May 1, 2023 to September 01, 2023 Termination Deadline April 27, 2023
Wyoming updates regulation governing suitability in annuity transactions. See attachment for full details.
California sent a reminder for background check disclosures. California Insurance Code (Cal. Ins. Code) section 1729.2 requires all licensees and applicants to report any changes in background information to the California Department of Insurance (CDI) within 30 days of the date the licensee or applicant learns of the change in background information. See attachment for full details.
Effective April 28, 2023, South Carolina will no longer offer the lines of authority of Auto Physical Damage and Auto Liability for initial adjuster licenses.
Effective April 3, 2023. Connecticut will update the renewal date for 500,000 + appointments from April 30, 2023 - June 30, 2023.
Ohio introduces its 2023 Agent/Agency appointment renewal procedures. See attachment for details
New Jersey provides title search business entity registration procedures. See attachment for full details.
Wyoming sent out a summary of legislative and regulatory updates. See full details on the attached document.
Effective May 11, 2023, a new transaction type will be implemented for Missouri to process individual primary name updates.
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