remove outdated provisions within the insurance code.

Updated financial reporting deadlines for insurers to align with National Association of Insurance Commissioners standards and clarified penalty amounts for late filings

Established specific notice requirements for insurance company liquidations, including notification to guaranty associations, producers, policyholders, and public publication

Expanded the director's rulemaking authority to cover various aspects of insurance producer continuing education including fees, funding, and program administration

Added or clarified definitions for compensation, earned premiums, liability, and loss payments to ensure consistent interpretation across insurance regulations

Defined key terms for insurance education including director, instructor, licensee, and provider to standardize continuing education program administration

Authorized the insurance director to approve or disapprove education providers and instructors, with rules establishing criteria for disapproval