Regulatory Updates

Effective October 10, 2025, the Alaska Division of Insurance will implement updates to fingerprint, examination, and reinstatement requirements. These changes will reference: - The Line of Authority status date for cancelled licenses; and - The license expiration date for expired licenses. Additionally, continuing education compliance rules for cancelled licenses have been clarified. Fingerprint Requirements - A fingerprint card is required upon submission of an application. Exemptions: - Applicant currently holds an active Alaska license. - Application pertains to the following license classes: - Exempt Motor Vehicle Employee - Surplus Lines Broker - Viatical Settlement Representative - Third Party Administrator - Viatical Settlement Broker - Viatical Settlement Provider Notes: - Fingerprint cards remain valid for up to one year following the most recent line of authority status date. - Applicants holding an exempt license class listed above who apply for a new, non-exempt class will be subject to the fingerprint fee. Examination Requirements Exemptions: - Application submitted within 90 days of cancellation of a former resident state license. - Reinstatement of a license within one year of expiration. - Reinstatement of a license within one year of cancellation. Reinstatement Requirements - Applicants seeking reinstatement of a cancelled license must demonstrate continuing education compliance. Exemptions: - The initial license was issued less than 24 months before expiration. - Application pertains to the following license classes: - Third Party Administrator - Bail Bond Limited Producer - Credit Insurance Limited Producer - Motor Vehicle Rental Limited Producer - Title Insurance Limited Producer - Travel Insurance Limited Producer Renewal Penalty Fees: Assessed for applications submitted within two years following the expiration date. Exemption: Applications for Exempt Motor Vehicle Employee licenses are not subject to renewal penalty fees.

Effective October 10, 2025, South Dakota will update the non resident renewal retaliatory fees for the following states: Delaware and Nebraska. The updated fees will be applied to applicants who expire after December 31, 2025. 

Effective October 10, 2025, Wisconsin will update its existing Lines of Authority to align more closely with national standards. From October 09, 2025, at 4:00 PM Central Standard Time, to October 10, 2025, 9:30 AM Central Standard Time, electronic applications will be closed for Wisconsin.

Effective January 1, 2026, Montana will adopt the SLIP+ for States platform for reporting Montana Surplus Lines policies, endorsements, and payment of Montana Surplus Lines premium taxes. Please see the attachment for more information. 

On September 5, 2025, the Staff of the Division of Trading and Markets of the U.S. Securities and Exchange Commission (SEC) granted no-action relief to FINRA to permit the CRD records of Form U4 to satisfy the Securities Exchange Act rule of 17a-4 records retention requirement. Please see the attachment for more information.

Effective September 23, 2025, California is rolling out a new feature integration with DocuSign for completing the Diligent Search Report (SL-2 form).  The Surplus Line Association of California is hosting a webinar with a live demo on how the feature works.  Please see the attachment for more information.

FL - Posted September 9, 2025, the Florida Surplus Lines Service Office (FSLSO) posted September’s edition of The Wire. Highlights include: - SLIP+ will be releasing a multi-factor authentication (MFA) option for users - Wet Marine, transportation, and aviation policies are required to be filed in FSLSO SLIP+ - The department also includes answers to FAQ’s regarding penalties on invoices and billing reports Please see the attachment for more information. 

Effective October 10, 2025, a new electronic application will be implemented for Puerto Rico to process Designated Responsible Licensed Producer updates.

Effective October 10, 2025, Puerto Rico will implement a new transaction type to process Primary Name Change (Demographics) updates. 

Posted September 2, 2025,  Alabama posted an update to a bulletin posted March 3, 2025, around Alabama not accepting or processing new filings for registration or licensing of captive insurance companies and risk retention groups.  After consideration, the moratorium will last until June 30, 2026. Interested captive insurance companies, risk retention groups, or captive managers acting on behalf of captive insurance companies or risk retention groups are requested not to submit application packages or fee payments for applications during the moratorium period. Please see the attachment for more information.