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 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
June 02nd , 2022
Effective:
June 10th , 2022
June 10
Louisiana
Update to Louisiana Opening Contact Change Request
This will now go into effect on June 10th rather than May 27th. This change will allow a business entity to electronically update the physical address, email, and phone number.
Effective
June 01st , 2022
Effective:
June 24th , 2022
June 24
Pennsylvania
Pennsylvania to Add Non-Uniform Questions
Effective July 15, 2022, Pennsylvania will add a non-uniform question for resident individual initial and renewal applications and two optional questions for residents and nonresidents licensing and renewals.
Released
June 01st , 2022
Effective:
August 02nd , 2022
August 02
Massachusetts
Massachusetts 2022 Company Appointment Renewal Dates
(UPDATED) The renewal period is August 2, 2022 - August 31, 2022. The termination deadline for appointments that one does not wish to renew is June 30th, 2022. A 15 day backdating period is allowed. The fee is $75 for both businesses and individuals.
Note: This announcement originally stated the renewal period started on July 19th. This was updated to July 21st on July 18th.
Effective
May 31st , 2022
Effective:
July 31st , 2022
July 31
Hawaii
Hawaii Includes Marine Transportation, Personal Lines, Surety, and Vehicle LOAs when License Includes Property and Casualty
Resident and nonresident producer licenses that had the LOAs previously separated will no longer see those LOAs (MA, PL, SU, and VE) and only see P&C. There will be no changes to LOAs listed on licenses that have only PL or SU LOAs.
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).