Regulatory Updates

Maryland has added 3 pieces of information to be included to the producer register within 30 days of appointing.

The invoice renewal period for Insurance Producers and Limited Surety Individuals. is Jan. 1, 2023 - March 1, 2023 5PM CST. The termination deadline is December 28, 2022

Effective immediately, Florida offers the Customer Service Rep License Class.

Providers must update courses From November 23, 2022, - January 15, 2023, in order to comply with new training requirements, which marks the beginning of CE compliance. January 15, 2023 - July 15, 2023, will be the window for Producers to become compliant with the new requirements.

Oregon has issued a bulletin for professional liability insurance producers. In order to meet errors and omissions insurance coverage requirements, policies cannot omit investment advice or other services from the advisor.

Beginning on January 1, 2023 California will have in place a new law requiring license numbers on emails regarding any activity for the several listed license types.

On November 14, 2022, the Governor of Florida issued a state of emergency for the entire state of Florida. Therefore, no insurer can cancel a personal or commercial residential property insurance policy covering damaged property from both Hurricane Ian and Hurricane Nicole for up to 90 days.

Effective Jan. 1, 2023, FINRA will adopt changes to the securities industry CE and registration rules. With this adoption, registered persons will need to complete a CE regulatory element be Dec. 31, annually.

The correction received is that the appointment types to be renewed are Life, Health, Variable Annuity, and Other lines. The original post listed Property, Casualty, and 'Other' - this has been updated as well to reflect the correction.

The Kansas Appointment Renewal Dates will be January 2, 2023 – March 1, 2023. All appointments submitted after 12/31/2022 will be included in the 2024 renewal cycle.