Oregon Implementing State Based System

State Based Systems Implementation -- Effective May 7, 2012

The Oregon Insurance Division will begin using State Based Systems (SBS) effective May 7, 2012. With the SBS implementation we will take the opportunity to implement several NAIC uniformity initiatives as well as the opportunity to streamline many of our processes. SBS also provides a wide array of online tools that allow you to submit, view and print license information on a 24/7 basis.

For more information on changes affecting individual and business entity licensing, see

http://www.statebasedsystems.com/ORAnnouncement.pdf

State Based Systems Implementation -- Puerto Rico

The Office of the Commissioner of Insurance of Puerto Rico will begin using State Based

Systems (SBS) effective January 23, 2012. With the SBS implementation, they will take

the opportunity to implement several NAIC uniformity initiatives as well as the

opportunity to streamline many of their processes. SBS also provides a wide array of

online tools that allow you to submit, view and print license information on a 24/7 basis.

For more information on changes affecting individual and business entity licensing, go to

the following link: http://www.statebasedsystems.com/PRAnnouncement.pdf.

New ALABAMA Indepenent Adjusters Requirements

Effective January 1, 2012. Independent Adjusters in Alabama will be required to complete 24hrs of continuing education biennial including 3hrs of ethics. Refer to Ala. Act No 2011-637. Ala. Code 27-9A-1 et seq (2011).

All adjusters will renew as usual by December 31, 2011.

After renewing his/her license in 2011, an adjuster born in an odd-year (e.g., 1971): (a) is required to next renew his/her license by the end of his/her birth month in 2013, but (b) is not required to have completed CE as a condition for renewal in 2013. CE completion will be required for subsequent renewals.

After renewing his/her license in 2011, an adjuster born in an even-year (e.g., 1972): (a) is required to next renew his/her license by the end of his/her birth month in 2014, and (b) must have completed 24 CE credit hours, of which 3.0 credit hours must be in ethics, by the time of renewal in 2014.

The actual term of a license renewed in 2011 will vary due to implementation of the year/birth month system for future renewals. Because of system limitations, a license renewed in 2011 will show an expiration date (December 31, 2013) that may NOT be the actual expiration date. Each adjuster is responsible for determining the actual expiration date of his/her license.

Adjuster should periodically check the Department's web-site (www.aldoLgov) for further information about implementation of the new laws, including implementing regulations and a notice to print a new license with an updated expiration date.