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 29th , 2022
Effective:
March 29th , 2022
March 29
Washington
Washington Announces Adjuster Line of Authority Updates
On March 11, 2022, Washington released an update on the "No Authority Required" LOA assignment being removed from Washington Adjuster license classes: Independent Adjuster, Public Adjuster, and Crop Adjuster. They released an update that noted this will now impact both individual and firm entity types.
Effective
March 29th , 2022
Effective:
March 30th , 2022
March 30
Massachusetts
Massachusetts Deletes Invalid Appointments
Some appointments were wrongly added when Massachusetts converted to state based systems. These appointments will be deleted on March 30th.
Effective
March 28th , 2022
Effective:
March 28th , 2022
March 28
Colorado
Colorado to Remove Line of Authority: Attorney Title
Effective today, Colorado is removing the Attorney Title line of authority. This offering is available for resident and Nonresident license applications.
Released
March 28th , 2022
Effective:
April 15th , 2022
April 15
Connecticut
Connecticut Updates to MVPD Appraiser License
This update is a date change from a previous announcement. CT will now move their MVPD Appraiser license to a non-adjuster license class effective April 15, 2022.
Effective
March 22nd , 2022
Effective:
March 22nd , 2022
March 22
New Mexico
New Mexico Adds Annuity Training Requirement
Producers who transact annuity products must now complete a one time, four hour CE credit annuity training course to comply with the insurer's requirements.
Effective
March 22nd , 2022
Effective:
March 22nd , 2022
March 22
North Carolina
North Carolina Renewal Update
North Carolina does not require a renewal fee for Nonresident Licenses IF the producer's Resident License if active. Currently, North Carolina is reviewing and cancelling all nonresident Licenses that do not have an active home state license. Those that do have an active home state license will see the expiration date on their Nonresident Insurance Producer Licenses set to March 31, 2024.
Effective
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
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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).