36 Long Alley Saratoga Springs NY 12866

Month: November 2022

Oregon announces errors and omissions liability coverage for state licensed investment advisers.

 Purpose  This bulletin provides guidance to Oregon-based professional liability insurance producers regarding errors and omissions insurance coverage required for state investment advisors under Oregon Revised Statute (ORS) 59.175(5). In order to meet the requirements, policies may not exclude investment advice or other management services performed by the investment advisor.  Authority  ORS 59.175  ORS 746.075  OAR…
Read more

Alaska | Recent Changes for CE Requirements

RECENT CHANGES TO 3 AAC 23.208(9), 3 AAC 26.770, 3 AAC 26.775, 3 AAC 26.778, FOR CONTINUING EDUCATION REQUIREMENTS AND DISCLOSURES FOR ANNUITY TRANSACTIONS: The division recently promulgated regulations to update continuing education requirements and disclosures for annuity products in compliance with national standards. As this was adopted from NAIC Model Regulation #275, twenty-seven states…
Read more

Limited Liability Company (LLC) Federal Tax Election Regime Selection Considerations and Federal Form Filings 

One size does not fit all when it comes to the way in which an LLC can be taxed.  This is because LLC’s can be classified into any one of the following 4 tax regimes:   The Key characteristics of each of these tax regimes are outlined below.    Disregarded Entity  The default classification for…
Read more

California announces new law requiring licensees to Include License Numbers on emails

Starting January 1, 2023, a new law will require most types of insurance producers, as well as independent insurance adjusters, public insurance adjusters, and analysts, to include their license number on emails. (California Insurance Code section 1725.5, as amended by Senate Bill 1242 [Committee on Insurance, Chapter 424, Statutes of 2022]) This Notice answers some…
Read more

Securities Industry/Regulatory Council on Continuing Education | CE Transformation Playbook

The Securities Industry/Regulatory Council on Continuing Education (CE Council) has created this playbook to help firms and securities professionals prepare for and take full advantage of changes to the Securities Industry Continuing Education (CE) Program. Some of the changes have already gone into effect as of March 15, 2022. This playbook is a living document…
Read more

Office of Insurance Regulation | Florida

Emergency Order: All Insurers, HMOS, Premium Finance Companies, Surplus Lines and other entitites regulated by the Office of Insurance Regulation. THIS CAUSE having come before Commission of the Office of Insurance Regulation as a result of the state of emergencies created by Hurricane Nicole and Hurricane Ian, and being fully informed in the premises.

Wisconsin announces agent appointment renewal invoices for 2022

 The Wisconsin Office of the Commissioner of Insurance (OCI) will process all company appointments electronically through the National Insurance Producer Registry (NIPR). The appointment renewal invoice will include all resident/nonresident appointment renewals.  All agents will appear on the renewal list unless the agent was terminated by 11:59 p.m. CST on December 31, 2022.  DATES &…
Read more