September 7th, 2010
North Carolina has specific procedures companies will need to follow if a catastrophic event were to occur in North Carolina. NC Emergency Management staff will not allow any adjuster access to a declared disaster area unless the adjuster is carrying proper identification.
The Department is requiring companies to provide each catastrophic adjuster with an identification badge.
North Carolina General Statute 58-33-70(e) reads: “The Commissioner may permit an experienced adjuster who regularly adjusts in another state and who is licensed in the other state (if the state requires a license), to act as an adjuster in this State without a North Carolina license only for an insurance company authorized to do business in this State, for emergency adjustment work, for a period to be determined by the Commissioner, done for an employer who is an adjuster licensed by this State or who is a regular employer of one or more adjusters in this State; provided that the employer shall furnish to the Commissioner a notice in writing immediately upon the beginning of any such emergency insurance adjustment work.”
Based on this authority, the North Carolina Department of Insurance (NCDOI) will permit individuals who satisfy all of these requirements (including licensure in another state if that state requires a license) to adjust claims in North Carolina for a specified period of time without obtaining a North Carolina adjusters license. Such permission will only be in effect and valid so long as companies and adjusters comply with the identification procedures set out by the Department.
The company may provide the out-of-state adjuster with the NCDOI identification badge and immediately deploy them to a declared disaster area. At the same time these adjusters are deployed, the company must provide to the Licensing Section-Agent Services Division written notification, on company letterhead, indicating the adjuster’s name, state of residence and licensure status including state of licensure if applicable. The notification letter must specify that the adjustment work only will be related to losses resulting from the catastrophe.
Companies are requested to email the required notification to CATAdjusterRequest@ncdoi.gov. Although e-mail notification is strongly preferred, companies may also fax the required notification to (919) 715-3794, Attention: NC Catastrophic Adjuster Approval.
All adjusters must produce their NCDOI identification badge upon request. Permission to act as an adjuster in North Carolina is in effect and valid as long as:
- Company and adjusters comply with these identification requirements and
- Adjuster is acting within the time period determined by the Commissioner
The company will be held responsible for allowing an unauthorized person to adjust claims in North Carolina.
If you have any questions concerning this procedure, please contact the Licensing Section-Agent Services Division at 1204 Mail Service Center, Raleigh, North Carolina 27699-1204 or at (919) 807-6800.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!
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September 3rd, 2010
It is a statutory requirement that all licensees provide a valid email address to the NC Department of Insurance and to keep it up to date.
It is imperative that insurance companies and agencies advise their agents to provide an email address since Agent Services Division did not receive sufficient funding for postage to mail invoices, reminders, newsletters via USPS.
Here are instructions for free address updates for the various license types and situations:
- Individual Licensees Making Both Address Change and E-Mail Address Update Submit address change requests directly through the Address Change Request (ACR) function provided by the National Insurance Producer Registry (NIPR) through the following link: https://pdb.nipr.com/ACR/SignIn
- Adjusters Not Licensed In Home State Making Either Address Change or E-Mail Update
ACR is not available. Use the Address Change Form is located under Applications and Forms on the NC Department’s website through the following link: http://www.ncdoi.com/asd/documents/applicationsandforms/insurance/licensing/licensee%20change%20of%20address%20form.pdf
Scan and email the form to ASD@ncdoi.gov or fax to (919) 715-7352.
- Business Entities Making Address Change and E-Mail Address Updates
ACR is not available. Use the Address Change Form which is located under Applications and Forms on the Department’s website www.ncdoi.com through the following link: http://www.ncdoi.com/asd/documents/applicationsandforms/insurance/licensing/licensee%20change%20of%20address%20form.pdf
Scan and email the form to ASD@ncdoi.gov or fax to (919) 715-7352.
- Producer Licensing Company Contact E-Mail or Address Updates
Use the online form submission on the Department’s web site through the following link: http://www.ncdoi.com/ASD/CompanyContactForm/asd_CompanyContact_form.asp
- Individual Licensees Making Only E-Mail Address Updates
Use the online form submission on the Department’s web site through the following link: http://www.ncdoi.com/ASD/CompanyContactForm/asd_CompanyContactEmailOnly_form.asp.
- Business Entities Making Only E-Mail Address Updates
Use the online form submission on the Department’s web site through the following link: http://www.ncdoi.com/ASD/CompanyContactForm/asd_CompanyContact_form.asp
Contact the NC Agent Services Division at (919) 807-6800 if you have any questions.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!
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September 2nd, 2010
The Agent Services Division of the North Carolina Department of Insurance proposed rule changes to the insurance continuing education (CE) program for an effective date of October 1, 2010. These changes apply to the educational requirements for resident agents and adjusters who have a biennial CE requirement.
Due to the number of comments received during the rule comment period, Agent Services Division has withdrawn the proposed correspondence CE rule changes from the Rule Commission’s consideration in 2010.
A meeting is being scheduled with the CE Advisory Committee for the first quarter of 2011 to discuss the proposed rules and the comments. If you have suggestions and comments, please send to Christina Hunter by December 31, 2010.
The current rules and the proposed rule revisions on the Department’s website at http://www.ncdoi.com/asd/asd_LegislativeChanges.asp
The Agent Services Division examination team will continue to conduct random audits of the courses offered and may take administrative action against a provider who is not in compliance with the statutes and rules.
NOTE: The regulatory action may include removing the education credit from the applicant/licensee for non-compliance.
Call Christina Hunter at (919) 807-6800 at ext. 76823 if you have questions.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!
Tags: Adjuster License, adjuster license requirements, adjuster licenses, adjuster licensing, agency license, agency licensing, agent licenses, agent licensing, insurance broker, insurance compliance, insurance licensing, insurance licensing services, license processing, licensing & appointments, licensing maintenance, non-resident license, non-resident licensing, nonresident license, nonresident licensing, producer licensing, Supportive Insurance Services
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September 1st, 2010
Need a RX for your licensing headache? Call the licensing experts at 317-257-5734 today!
Tags: adjuster license requirements, adjuster licenses, adjuster licensing, agency license, agency licensing, agent license, agent licenses, agent licensing, appointment renewals, carrier appointments, company appointments, corporate registrations, insurance adjuster license, insurance broker, insurance compliance, insurance licensing, licensing maintenance, non-resident license, non-resident licensing, nonresident license, nonresident licensing, Supportive Insurance Services, surplus lines
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August 30th, 2010
Reminder: Oklahoma Insurance Department (OID) annual company appointment renewals are due by December 31, 2010.
Insurance companies will receive a renewal reminder notice in September followed by a renewal invoice in November.
Insurance companies should review their list of appointed producers and update the mailing addresses as well as update information pertaining to the responsible individual or entity to which the company’s appointment information is sent.
Please contact the OID by email at producer.licensing@oid.ok.gov or by phone 405-521-3916 to notify them of any updates or changes.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!
Tags: Adjuster License, adjuster license requirements, adjuster licenses, adjuster licensing, agency license, agency licensing, agent license, agent licenses, agent licensing, appointment renewals, appointment terminations, appointments & terminations, carrier appointments, company appointments, corporate registrations, insurance compliance, insurance licensing, insurance services, license processing, licensing and appointments, licensing maintenance, non-resident license, non-resident licensing, nonresident license, nonresident licensing, producer licensing, Supportive Insurance Services
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August 27th, 2010
The Oklahoma Insurance Department launched a newly enhanced Producer Licensing web page at http://www.ok.gov/oid/Producers_Adjusters/index.html
The new layout is easier to navigate and includes improved access to licensing programs and tools. These changes will improve the entire licensing process and make it both easier and more efficient for those who need to find information on the Oklahoma insurance licensing process.
If you have any questions or concerns about the new website or licensing please contact the Licensing Division at (405) 521-3916 or 1-800-522-0071.
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August 25th, 2010
Have you thought about working for non-admitted insurance carriers? We can help you obtain a surplus lines license.
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August 24th, 2010
The Non-admitted and Reinsurance Reform Act (NRRA) was passed as a part of the Financial Reform Bill H.R.4173 and signed into law by the President on July 22, 2010.
NRRA will take effect one year from the date the Financial Reform Bill was signed (July 22, 2010). All current state regulations should be followed until the Act takes effect.
The Major Features Are:
- Home states have exclusive authority. Only the home state of an insured may require any premium tax for non-admitted insurance. “Home state” is defined as the state in which an insured maintains its principal place of business or, in the case of an individual, the individual’s principal residence.
- Streamlined application for Commercial Purchasers. Surplus line brokers making surplus line insurance placements for “commercial purchasers” would be exempt from diligent search requirements.
- Uniform Standards for Surplus Lines Eligibility. A state may not impose eligibility criteria for surplus line insurers domiciled in the US except in conformance with the criteria the Act establishes in sections 5A(2) and 5C(2)(a) of the Non-admitted Insurance Model Act. It also calls for use of those insurers maintained on the Quarterly Listing of Alien Insurers published by the International Insurers Department of the NAIC.
- Allocation of Non-admitted Premium Taxes. The Act states: “The states may enter into a compact or otherwise establish procedures to allocate among the states the premium taxes paid to an insured’s home state described in subsection (a).”
NRRA will take effect one year from the date the Financial Reform Bill was signed (July 22, 2010). All current state regulations should be followed until the Act takes effect.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!
Tags: insurance compliance, insurance license, insurance licensing, insurance licensing services, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines, surplus lines licensing
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August 23rd, 2010
The Oklahoma Insurance Department (OID) will expand its services through The National Insurance Producer Registry (NIPR).
On August 27, 2010 Resident Producer Licensing Initial and Renewal Applications, Resident and Non-Resident Adjuster Licensing Initial and Renewal Applications, and Reinstatement Applications for Producers and Adjusters will be available for online processing through NIPR: www.nipr.com
Please Note: The applications and renewals listed below must be submitted electronically unless the submitter has obtained prior approval by the OID to use a paper format.
NIPR supports the Resident and Nonresident forms for:
- Insurance agent/producer initial, renewal and reinstatement license applications (Includes: Life, Accident & Health, Variable Annuity, Property & Casualty)
- Insurance Business Entities (Agencies), initial, renewal and reinstatement license applications (Includes: Life, Accident & Health, Variable Annuity, Property & Casualty)
- Limited Line Insurance agent/producer initial, renewal and reinstatement license applications (Includes: Vehicle Auto Rental, Credit Products, Crop/Hail, Surety, Travel Accident/Baggage)
- Limited Line Insurance Business Entities (Agencies), initial, renewal and reinstatement license applications (Includes: Vehicle Auto Rental, Credit Products, Crop/Hail, Surety, Travel Accident/Baggage)
- Pre-Paid Legal individual and agency initial, renewal and reinstatement license applications;
- Surplus Lines Broker initial, renewal and reinstatement license applications
- Motor Service Club Producer initial, renewal and reinstatement license applications
- Title and Aircraft Title initial, renewal and reinstatement license applications
- Adjuster initial, renewal and reinstatement license applications (Includes: Property, Casualty, Motor Vehicle Physical Damage, Workers Comp, Crime Fidelity Bonds, Crop/Hail)
- Adjuster Agency initial, renewal and reinstatement license applications (Includes: Property, Casualty, Motor Vehicle Physical Damage, Workers Comp, Crime Fidelity Bonds,Crop/Hail).
- Company appointments and terminations
Please contact the Oklahoma Insurance Department Licensing Division for additional information by calling (405) 521-3916 or in-state toll free (800) 522-0071. Or contact the department by emailing the following address: producer.licensing@oid.ok.gov.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!
Tags: Adjuster License, adjuster license requirements, adjuster licenses, adjuster licensing, agency license, agency licensing, agent license, agent licensing, appointment renewals, appointments & terminations, company appointments, corporate registrations, insurance adjuster license, insurance broker, insurance compliance, insurance licenses, insurance licensing, insurance licensing services, insurance services, license processing, licensing maintenance, non-resident license, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines, surplus lines licensing
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August 19th, 2010
The Commonwealth of Massachusetts, Division of Insurance announced that its Online Producer Renewal Appointment (OPRA) website will be accepting agent renewals beginning on August 26, 2010.
Renewal emails and paper notification letters, including producer user ID’s and passwords, will be generated on August 26th, 2010. Insurance Companies will have until October 1st, 2010, to complete their agent renewal processes.
The payment method for agent renewals will be via EFT (Electronic ACH payment). No paper check processing will be allowed. Transactions are performed immediately and renewal submissions are confirmed within 48 hours.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!
Tags: agency license, agency licensing, agent license, agent licenses, agent licensing, insurance adjuster license, insurance broker, insurance compliance, insurance license, insurance licensing, insurance licensing services, license processing, licensing maintenance, non-resident license, non-resident licensing, nonresident license, producer licensing, Supportive Insurance Services
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