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.
March 21st , 2022
Effective:
March 21st , 2022
March 21
Hawaii
Hawaii Requires Reinstatement Fees to be Requested Electronically
As of March 21, 2022, Hawaii will require all reinstatements (nonrenewals or licenses surrendered within one year of inactivation) to be handled electronically. Checks will not be accepted.
Effective
March 21st , 2022
Effective:
March 21st , 2022
March 21
Massachusetts
Massachusettes Update to its Change to SBS
Massachusettes released an update on their conversion to state based systems (SBS). This update includes a list of products that are now available, a business entity number update, an update for Company License Numbers, and when the PDB alerts will be sent. See previous Massachusetts regulatory updates for complete details on this update.
Released
March 21st , 2022
Effective:
April 01st , 2022
April 01
Virginia
Virginia Changes Appointment Fee
As of January 1, 2022, the appointment fee was reduced from $10 to $7. This change will be reflected starting April 1, 2022, quarterly billing and for anything following this date.
Effective
March 18th , 2022
Effective:
May 01st , 2022
May 01
Alabama
Alabama Pre-Need Company Appointment Dates Available
For Alabama 2022 Renewals (specifically pre-need), the invoice renewal period is May 1, 2022 - September 2, 2022.
Effective
March 17th , 2022
Effective:
April 29th , 2022
April 29
Nebraska
Nebraska 2022 Appointment Renewal Dates Available
The invoice renewal period for Nebraska appointment renewals is from April 29, 20224 to August 2, 2022, along with termination deadlines and fees.
Effective
March 17th , 2022
Effective:
March 17th , 2022
March 17
South Dakota
South Dakota Makes CE Requirement Changes
South Dakota announces CE change that impacts both Resident and Nonresident License holders. For producers that have a life insurance Line of Authority cannot sell annuities unless the required training courses are completed.
Released
March 15th , 2022
Effective:
March 18th , 2022
March 18
Massachusetts
Update to Massachusetts Converts to State Based Systems
The updates included in MA converting to state based systems will now occur on March 18th from March 16th.
Released
March 11th , 2022
Effective:
April 15th , 2022
April 15
Connecticut
Connecticut 2022 Appointment Renewal Details
Connecticut released details on Appointment Renewal deadlines, costs, and more. The invoice renewal period is May 1st through June 30th, 2022.
Effective
March 10th , 2022
Effective:
April 01st , 2022
April 01
Indiana
Indiana Posts Requirements for Electronic Filings
Effective April 1, 2022, all filers must submit their annual premium tax, quarterly estimated tax, and annual renewal fees and payments electronically through OPTins. Paper filings will no longer be accepted after this date and penalties will apply. Instructions for submitting tax and fee filings are available at: .
Effective
March 10th , 2022
Effective:
March 11th , 2022
March 11
Washington
Washington Announces Line of Authority Updates for Adjusters
On March 11th, 2022, Washington is to remove "No Authority Required" LOA from license types and adding Property or Casualty Lines of Authority in its place.
Released
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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.
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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).