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 07th , 2022
Effective:
March 07th , 2022
March 07
Virginia
Virginia Reminds All to Read Cybersecurity Policy
Cybersecurity risk has been raised for US critical infrastructure following the Russian attacks on Ukraine. As a result, the State Corporation Commission's Bureau of Insurance prompts each licensee should review Shields Up.
Effective
March 04th , 2022
Effective:
March 04th , 2022
March 04
District of Columbia
Maryland
Vermont
Kentucky
Arkansas
Nevada
Michigan
Mississippi
Wisconsin
NASAA Updates IAR CE Member Adoption list on its Website
NASAA provides an updated version of the IAR CE Member Adoption list on its website.
Released
March 03rd , 2022
Effective:
March 03rd , 2022
March 03
Louisiana
Louisiana Publishes its Administrative and Agency Proceedings Instituted Against a License
This publication is Louisiana publishing their intent to implement a new regulation. The purpose of this regulation is to establish procedures for governing the institution of administrative and agency proceedings resulting in administrative action with respect to a license.
Effective
March 03rd , 2022
Effective:
May 27th , 2022
May 27
California
California to Remove Non-Uniform Questions Related to Surplus and Special Lines
California is removing Non-Uniform questions related to Surplus and Special lines. This will apply to the individual entity type. A business rule is being added stating the required bond needing to be on file with the state in order for the license request to be approved. The questions to be removed asked about the bonds existence. Effective Date not yet announced.
Effective
March 01st , 2022
Effective:
June 06th , 2022
June 06
West Virginia
West Virginia 2022 Company Appointment Renewals
West Virginia announces its company appointment renewal period to be June 6th-August 31st.
Effective
March 01st , 2022
Effective:
March 31st , 2022
March 31
New Mexico
New Mexico Securities Division sends reminder on Registered Investment Adviser financial reporting and Annual ADV update
In addition to the basic renewal process and payment of renewal fees, New Mexico is requiring additional filings by March 31st. If the deadline is not met, a suspension and revocation of the license is possible. The form will need to be amended annually. Failure to complete all necessary filings may lead to license suspension and revocation. See the attachment for information on how to file.
Effective
March 01st , 2022
Effective:
January 01st , 2021
January 01
Hawaii
Hawaii Announces Changes to Resident Producers Insurance Continuing Education Timelines
Hawaii announces a new timeline for completion of Continued Education courses. All active resident PROs (new or existing) must complete CE credit requirements before their renewal date. Additionally, if a new line of authority is added to a PRO's active license, the licensee must complete all required CE credit hours.
Released
March 01st , 2022
Effective:
March 31st , 2022
March 31
Connecticut
Connecticut MVPD Appraiser Changes
The MVPD Appraiser license will be moved to the non-adjuster license class. All Applicants must apply through the Nonresident Licensing, Nonresident Renewals, Nonresident Licensing No Home State, or Nonresident Renewal No Home State applications. All other applications will not be accepted.
Released
March 01st , 2022
Effective:
March 01st , 2022
March 01
North Dakota
North Dakota Changes Exam Vendor
North Dakota will use PSI as their exam vendor.
Effective
February 24th , 2022
Effective:
March 01st , 2022
March 01
North Dakota
North Dakota Exam Provider Changes to PSI Effective 3/1
North Dakota Insurance Department is now contracted with PSI Services LLC (PSI) for the examination program. The goal of this partnership is to provide a process for examination and licensing.
Effective
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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).