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 29th , 2022
Effective:
June 29th , 2022
June 29
Hawaii
Hawaii Removing Marine Transportation, Personal Lines, Surety, and Vehicle LOAs if Property and Casualty is Held
Effective Immediately, Hawaii will remove Marine Transportation, Personal Lines, Surety, and Vehicle LOAs if that licensee also holds a Property and Casualty LOA. This applies for both resident and nonresidents.
Effective
June 29th , 2022
Effective:
July 01st , 2022
July 01
Iowa
IA Adds Condition A Resident Insurance Producer License Can Be Issued Temporary License
Temporary License (not exceeding 180 days) can be issued by the Commissioner to a resident insurance producer license applicant who:
1) Meets the requirements of IA ST § 522B.5(1) AND 2) has not been issued the license within 10 business days from required identifying information, including fingerprints having been submitted to the Commissioner under IA ST § 522B.5A(3)
Effective
June 29th , 2022
Effective:
June 29th , 2022
June 29
West Virginia
West Virginia Makes Adjustments to Continuing Education Requirements
Effective immediately, the Commissioner will recognize CE credits obtained by a producer in another state if this producer was licensed and in good standing in West Virginia at the time the license was surrendered. Additionally, one may be exempt from CE if they hold any limited or restricted license that is exempted by the Commissioner. Note that these are additional rules to the currently standing law.
Effective
June 29th , 2022
Effective:
October 01st , 2022
October 01
Wisconsin
Wisconsin’s Best Interest Law Announcement
On April 15, 2022, Wisconsin released the Best Interest Law (2021 Wis. Act 260). This law revised the annuity suitability standards to better protect consumers of the annuity products. These changes will take effect on Oct 1, 2022.
Effective
June 28th , 2022
Effective:
June 28th , 2022
June 28
Colorado
Colorado Releases Stance on Overturning of Roe v. Wade
Colorado releases an announcement that notes that they believe "Reproductive health care is an important part of the health care services" and notes that the Reproductive Health Equity Act signed on April 4, 2022, codifies the legal right to abortion services in Colorado.
Effective
June 27th , 2022
Effective:
September 09th , 2022
September 09
Oregon
Oregon Now Offering Renewals for Pharmaceutical Sales Reps
Effective Sept. 9, 2022, Oregon will begin offering renewals for Pharmaceutical Sales representatives with application types of Resident License Renewals (RLR) and No Home State Renewals (NHSR). The PDB codes are 12352 (RLR) and 472 (NHSR). The fee is $750 per license. Note that there is no reinstatement offered. After expiration, the applicant must reapply.
Effective
June 27th , 2022
Effective:
July 22nd , 2022
July 22
Texas
Texas Department of Insurance Requests Info for the HelpInsure Website
The Texas Department of Insurance (TDI) requests for information to help the HelpInsure site. This site is a resource for consumers in TX that are looking to purchase personal auto or residential property insurance. Responses are due by July 22, 2022.
Effective
June 26th , 2022
Effective:
July 01st , 2022
July 01
Pennsylvania
Pennsylvania Publishes per diem Charges for Market Conduct Examinations
The charges are as follows: Examiner trainee ($667), Administrative Officer ($874), Examiner 1 ($784), Examiner 2 ($926), and Division Chief ($1,013). These will come into effect on July 1, 2022.
Effective
June 24th , 2022
Effective:
June 24th , 2022
June 24
Washington
Washington Announces Stance on Overturned Roe v. Wade
Washington announces that it is one of the 16 states, plus D.C. that will continue to grant access to abortions and insurance coverage for abortions.
Effective
June 24th , 2022
Effective:
June 01st , 2024
June 01
N/A
NIPR Announces Retirement of Company Specialized Report
Effective June 1, 2024, NIPR will be retiring the company specialized report (CSR) that some carriers have been using to check licenses. They feel this product no longer meets industry compliance needs.
Released
Loading...
No results found
Please try searching with another term
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.
AgentSync on the go!
For the truly curious, subscribe to our updates and never miss a relevant regulatory update.
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).