Regulatory Updates

Effective January 1, 2023, Louisiana revises its Catastrophe Claims Process Disclosure Guide. See attachment for details,.

Indiana now requires Pharmacy Benefit Managers to obtain a license. See attachment for full details.

Effective March 24, 2023, Maine will add a Self Storage Provider/Self Storage license to the PDB for display purposes only.

The Illinois DOI has announced a grace period to implement changes made to 50 Illinois Administrative Code 3120, which includes new supervisory requirements for insurers to ensure producer compliance and training requirements for producers selling annuities. Companies are expected to comply by August 1, 2023.

Effective March 14th, 2023, Maine will be adding the Limited - Home State line of authority to Producer Limited Nonresident license class.

Nebraska has announced their 2023 Company Appointment Renewals dates. The Renewal period is May 1, 2023 to July 31st, 2023. The termination deadline for any appointment not to be renewed is April 25th, 2023.

Effective March 10th, 2023, New York removed the Non-Uniform Background Question previously added on January 13, 2023.

Effective April 14th, 2023, Iowa will make the Officer/Director field mandatory for all initial Business Entity Applications.

Effective April 14, 2023, Missouri will convert existing None LOA descriptions for Surplus Lines and Motor Vehicle Extended Service Contract to match license classes. 

Effective April 14, 2023, Kentucky will require the NPN for Appointment and Termination transactions.