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.
June 08th , 2022
Effective:
June 08th , 2022
June 08
Wyoming
Wyoming Clarifies Appointment and Termination Requirements
The Wyoming Department of Insurance has observed that some producers and insurers are not fully aware of their rights and responsibilities. As a result, they are looking to clarify the requirements.
Effective
June 08th , 2022
Effective:
June 09th , 2022
June 09
North Carolina
North Carolina Issues Update on Non-Renewed License
Effective June 8, 2022, both Resident and Nonresident Individual and Business Entity licenses that had an expiration date of 3/31/22 and have not paid the annual renewal fee will be updated to have the status "Nonpayment". To get a new license, one must reapply starting June 9, 2022.
Effective
June 08th , 2022
Effective:
July 18th , 2022
July 18
Nevada
Nevada Adding Reinstatement Period
Effective July 18, 2022, a reinstatement period will be added for resident producer and producer firm individuals. One will have up to one year post expiration date to reinstate their license. After this, the applicant must reapply.
Released
June 08th , 2022
Effective:
July 01st , 2022
July 01
Louisiana
Louisiana Announces 2022 Agency Appointment Renewals
The invoice renewal period is July 1, 2022 until Aug. 2, 2022. The termination deadline is June 26, 2022. New appointment renewal date is July 31, 2022 after appointment is renewed.
Effective
June 07th , 2022
Effective:
October 01st , 2022
October 01
Maryland
Maryland Increases Surplus Lines Fee Cap
Effective October 10, 2022, the policy fee a Surplus Lines Broker may charge on a policy issued by a surplus lines broker has been raised. The fee cap is now $200 on each personal lines policy and $500 OR 7% of the policy's premium (whichever is greater).
Effective
June 07th , 2022
Effective:
July 01st , 2022
July 01
Colorado
Colorado Moves Public Hearing to Online
Colorado has moved their public hearing for Amended 4-1-11 Concerning Best Interest Obligations and Supervision in Annuity Transactions set for July 1, 2022 to online due to spreading Covid concerns.
Effective
June 07th , 2022
Effective:
June 07th , 2022
June 07
Illinois
Illinois Updates General Requirements for Continued Education
Illinois is requiring 4 hours of CE biennially. Credit will be given on a hour-by-hour basis and must be reported by a registered CE provider association. These credits do not settle the ethics requirement.
Effective
June 03rd , 2022
Effective:
June 03rd , 2022
June 03
Louisiana
Louisiana Changes Information that Must be Submitted by Catastrophe Adjusters
To better track catastrophe adjusters that are brought into the state in the case of an emergency, LA is requiring additional information that must be submitted at registration.
Effective
June 02nd , 2022
Effective:
June 03rd , 2022
June 03
Vermont
Vermont 2022 Carrier Appointment Dates
This is a reminder that on June 3, 2022, VT will be displaying the Vermont 2022 Appointment Renewal Invoices. The renewal period is June 3-30.
Effective
June 02nd , 2022
Effective:
June 02nd , 2022
June 02
Maryland
Maryland Posts Summary of Laws Enacted in 2022
This announcement includes a full list of laws enacted in 2022 and two highlighted callouts in terms of compliance.
Effective
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Disclaimer - AgentSync does not warrant to the completeness or accuracy of the information provided in this database. You are responsible for ensuring the accuracy and totality of all representations, assumptions, information and data provided by AgentSync to you in this database. The information in this database should not be construed as legal, financial, or other professional advice, and AgentSync is not responsible for any harm you sustain by relying on the information provided herein. You acknowledge and agree that the use of this information is at your own risk. You should always consult with the applicable state and federal regulatory authority to confirm the accuracy of any of the information provided in this database.
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analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).