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.
May 16th , 2022
Effective:
October 19th , 2022
October 19
Ohio
Ohio Adds Limited Lines Travel
Effective October 10, 2022, Ohio will add limited lines travel for residents and nonresidents. More details will come on requirements.
Effective
May 10th , 2022
Effective:
June 10th , 2022
June 10
North Carolina
North Carolina Adds Bail Bond Licensing
On June 10, 2022, North Carolina will offer Bail Bondsman License classes for individuals that are residents.
Released
May 10th , 2022
Effective:
May 27th , 2022
May 27
Kansas
Update – Kansas No Home State Implementation Effective 5/27/22
The no home state implementation (originally announced on April 20, 2022, will be delayed from May 15, 2022 to May 27, 2022.
Effective
May 06th , 2022
Effective:
May 07th , 2022
May 07
Massachusetts
Massachusetts Removes Duplicate Appointments
On May 6, 2022, MA will delete more than 748,000 from the producer database.
Effective
May 04th , 2022
Effective:
May 04th , 2022
May 04
Wisconsin
Wisconsin Shares Changes to their Annuity Training Requirements
Vermont outlines some changes to how one may satisfy annuity continued education requirements in Vermont.
Effective
May 04th , 2022
Effective:
May 27th , 2022
May 27
California
Updates to California Converts to PLMA Standards
The conversion to PLMA standards is now to take effect on May 27th. Appointments and terminations applications will be turned off on May 20, 2022, at 6:00 pm central. See the original post for more details on the impact of this conversion.
Effective
May 03rd , 2022
Effective:
May 27th , 2022
May 27
California
Update to California Converts to PLMA Standards
This update calls out that with this conversion, specific licenses and license qualifications will be converted to comply with PLMA standards. Current licenses will become inactive on May 27, 2022 and new license types will be added to the record.
Released
May 01st , 2022
Effective:
May 01st , 2022
May 01
Tennessee
Tennessee Updates License Qualifications
Additional language was added to determine if one qualifies for licensing. In summary, the language outlines that if an offense occurs 10 days or more from the license application date, they will not be considered.
Effective
April 29th , 2022
Effective:
May 02nd , 2022
May 02
Minnesota
Minnesota Reduces Technology Surcharge Fee
Effective May 2, 2022, The technology surcharge fee is to be reduced from $20 to $15 for producer license applications, renewals, and reinstatements.
Effective
April 28th , 2022
Effective:
January 01st , 2022
January 01
Maine
Maine Requiring Pet Insurance Training
On January 1, 2023, Maine will require Pet insurance carriers to provide training to both residents and nonresidents.
Released
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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).