Regulatory Updates

Beginning on December 9, 2022, Rhode Island will offer a new transaction type for individual and business entity primary name updates.

Effective November 11, 2022, Tennessee will offer the Crop Adjuster license class for Resident Renewal, Nonresident Adjuster Renewal and No Home State Renewal

Effective Dec. 9th, 2022, the Claim Adjuster (1074) and Claim Adjuster Agency (4374) license classes will require a new non uniform question.

The invoice renewal period for Life, Health, Variable Annuity, and Other lines. is Jan. 6, 2023AM CST - March 31, 2023 3PM CST. The late renewal period is April 3, 2023 8AM CST - June 30, 2023 3PM CST. The termination deadlines is Jan. 1, 2023.

With this publication of the Surplus Lines Export List, Wyoming requests feedback on the deletion or addition of what is on the current list. This feedback must be provided by Dec. 5th, 2022.

The Commissioner issues the reminder that the best interest of the producer is outlined in Section 6 of Arkansas Rule number 82. Expand to view Section 6 in the original announcement.

On Nov. 18th, 2022, Kansas will decrease their fingerprint fee from $60 to $50 for Insurance Producers.

Effective Jan 1., 2023, Georgia will offer a late renewal with associated fees for both resident and nonresidents in the following License Classes: Principal Agency, Branch Agency, Rental Company, Retail Vendors of PEI, Self-Storage Provider. The late renewal period will be 15 days. After this period, one must reapply. The fee is $15.

Wyoming updates the TPA requirements for initial licensing and renewals that are effective immediately. Expand for a summary of the requirements and to view the original document.

The updates will reflect the best interest standards for annuity sales based on the National Association of Insurance Commissioners Suitability in Annuity Transactions Model. The updates result in a one time, 4 credit training course.