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 17th , 2022
Effective:
June 17th , 2022
June 17
Vermont
Vermont Revisits Travel Requirements
Limited lines refers to a licensed MGA or TPA, a licensed producer (including limited lines producer), and a travel administrator. This announcement then further defines travel admins and travels insurance.
Effective
June 17th , 2022
Effective:
June 17th , 2022
June 17
Kentucky
Kentucky Announces Legislative Changes
Kentucky releases legislative changes (attached). One to highlight is An Act Relating to the Issuance and Renewal of Occupational Licenses to Military Spouses. An administrative agency is required to issue a temporary or regular license to the spouse of someone currently in the armed forces. The spouse will not need to pay fees if they meet the requirements. Previously, fees were not waived.
Effective
June 16th , 2022
Effective:
June 16th , 2022
June 16
South Carolina
South Carolina Updates CE Exemptions
The following are exempt from CE: Producers licensed for limited lines, nonresidents who met their home state's CE requirements, and licensees that are 65 years old and have been licensed for 25 years.
Effective
June 16th , 2022
Effective:
June 16th , 2022
June 16
Idaho
Idaho Updates Direct Placement for Surplus Lines
Surplus Lines premium tax must be paid by check to the Idaho Department of Insurance. The stamping fee must be paid to the Surplus Lines Association of Idaho.
Effective
June 16th , 2022
Effective:
June 16th , 2022
June 16
Florida
Florida Changes Fingerprint Requirements
Florida announces that a fingerprint fee is no longer required and the fingerprints must be processed in compliance with FL ST § 624.34. This will then be used to investigate if the applicant is qualified.
Effective
June 16th , 2022
Effective:
June 16th , 2022
June 16
Maryland
Maryland Issues Reminder to Public Adjusters
This announcement is reminding Public Adjusters of laws that are already in effect, but highlights specific provisions.
Effective
June 15th , 2022
Effective:
June 16th , 2022
June 16
New Mexico
New Mexico No Longer Allows PO Boxes for Business Addresses for Individuals
Effective today, PO boxes will no longer be allowed as business addresses. Applicants with no resident license or a state code change that are updating their addresses will be deferred to the state to review.
Effective
June 15th , 2022
Effective:
August 05th , 2022
August 05
Mississippi
UPDATE – Mississippi Converting Travel LOA to License Class
Effective date of August 5, 2022, has been announced. Mississippi is converting the Insurance Producer with a Travel LOA to a license class of Limited Lines Travel. A Limited Lines business entity must provide one DRLP that is actively licensed as a Limited Lines Travel Insurance Producer, or Producer with Property and Casualty or Personal Lines.
Effective
June 15th , 2022
Effective:
June 15th , 2022
June 15
New Mexico
New Mexico Informs Users of Site Requirements
Effective June 15, 2022, the NMRLD MyLicense e-Government website will no longer work with internet explorer. They encourage users to setup Microsoft Edge to maintain access.
Effective
June 15th , 2022
Effective:
June 16th , 2022
June 16
Mississippi
Mississippi Converting Travel LOA to License Class
Effective date is yet to be announced, but Mississippi is converting the Insurance Producer with a Travel LOA to a license class of Limited Lines Travel. A Limited Lines business entity must provide one DRLP that is actively licensed as a Limited Lines Travel Insurance Producer, or Producer with Property and Casualty or Personal Lines.
Released
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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).