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.

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Publication Date
jurisdictions
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June 16th, 2022
Effective:
June 16th, 2022
map-marker Florida
Florida Changes Fingerprint Requirements
Florida announces that a fingerprint fee is no longer required and the fingerprints must be processed in compliance with FL ST § 624.34. This will then be used to investigate if the applicant is qualified.
Effective
June 16th, 2022
Effective:
June 16th, 2022
map-marker Maryland
Maryland Issues Reminder to Public Adjusters
This announcement is reminding Public Adjusters of laws that are already in effect, but highlights specific provisions.
Effective
June 15th, 2022
Effective:
June 16th, 2022
map-marker New Mexico
New Mexico No Longer Allows PO Boxes for Business Addresses for Individuals
Effective today, PO boxes will no longer be allowed as business addresses. Applicants with no resident license or a state code change that are updating their addresses will be deferred to the state to review.
Effective
June 15th, 2022
Effective:
August 05th, 2022
map-marker Mississippi
UPDATE – Mississippi Converting Travel LOA to License Class
Effective date of August 5, 2022, has been announced. Mississippi is converting the Insurance Producer with a Travel LOA to a license class of Limited Lines Travel. A Limited Lines business entity must provide one DRLP that is actively licensed as a Limited Lines Travel Insurance Producer, or Producer with Property and Casualty or Personal Lines.
Effective
June 15th, 2022
Effective:
June 15th, 2022
map-marker New Mexico
New Mexico Informs Users of Site Requirements
Effective June 15, 2022, the NMRLD MyLicense e-Government website will no longer work with internet explorer. They encourage users to setup Microsoft Edge to maintain access.
Effective
June 15th, 2022
Effective:
June 16th, 2022
map-marker Mississippi
Mississippi Converting Travel LOA to License Class
Effective date is yet to be announced, but Mississippi is converting the Insurance Producer with a Travel LOA to a license class of Limited Lines Travel. A Limited Lines business entity must provide one DRLP that is actively licensed as a Limited Lines Travel Insurance Producer, or Producer with Property and Casualty or Personal Lines.
Released
June 15th, 2022
Effective:
June 15th, 2022
map-marker Louisiana
Louisiana Modifies Language of Someone Convicted of Felony
Effective immediately, it is required that a person who wishes to employ a convicted felon a completed "Request forConsent or a Waiver Pursuant to La. R.S. 22:1554(A)(18)" form electronically at producerlicensing@ldi.la.gov.
Effective
June 13th, 2022
Effective:
June 13th, 2022
map-marker Texas
Texas Releases Bulletin on Uvalde School Shooting and Health Benefit Plan Guidance
On May 27, 2022, a disaster declaration was issued in response to the Robb Elementary School shooting and tragedy. In response, the governor authorized the use of all available state and local government resources to cope with the disaster. The Texas Department of Insurance encourages health benefit plans to consider covering and reimbursing for mental health services and authorize payment to pharmacies for up to a 90-day supply of prescription medications regardless of last fill date.
Effective
June 13th, 2022
Effective:
June 03rd, 2022
map-marker Louisiana
Louisiana Changes to Continued Education Requirements
Effective June 3, 2022, the prelicense education requirements for producer or consultant license applicants for lines of Life, Accident & Health or Sickness, Property, Casualty, Personal Lines, and Title are no longer required.
Effective
June 13th, 2022
Effective:
December 31st, 2022
map-marker Minnesota
Minnesota Updates Annuity Training Requirements
Producers with a Life line of authority on December 31, 2022, and wish to sell annuities will be required to complete a training course no later than 7/1/23. This training must be a four hour course, or a 1-time, 1-credit course. If the license is obtained on or after January 1, 2023, is not eligible to sell until the course work is complete. The course title is "Best Interest Standards of Conduct for Annuity Sales".
Released
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