May 14th, 2012
Effective June 7, 2012, Washington has adopted new adjuster laws. The new laws allow adjusters to designate a home state and eliminates the submission of fingerprints for non-resident adjusters.
To review the changes to the adjuster laws as adopted, go to http://apps.leg.wa.gov/billinfo/summary.aspx?bill=2523&year=2011.
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 licensing, agency licensing, agent licensing, corporate registrations, insurance broker, insurance licensing, insurance licensing services, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Licensing, surplus lines broker, surplus lines licensing
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May 11th, 2012
Follow Supportive Insurance Services on Twitter at https://twitter.com/AgentLicensing for the latest insurance licensing information.
Tags: adjuster licensing, agency licensing, agent licensing, corporate registrations, insurance broker, insurance licensing, insurance licensing services, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines broker, surplus lines licensing
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May 9th, 2012
Is keeping up with license renewals a headache? Call Supportive Insurance Services at 317-257-5734 to relieve your licensing headache today!
Tags: adjuster licensing, agency licensing, agent licensing, corporate registrations, insurance broker, insurance licensing, insurance licensing services, licensing maintenance, non-resident licensing, nonresident licensing, Supportive Insurance Services, surplus lines broker, surplus lines licensing
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May 8th, 2012
Oklahoma Administrative Code establishes annuity suitability requirements by adopting the most recent changes to the National Association of Insurance Commissioners (NAIC) Model Law.
Insurance producers selling annuity products are required to complete a one-time four hour approved training course. This is a training requirement and not a continuing education requirement.
Approved courses are posted at www.statebasedsystems.com. Here is how to look up the courses:
- Select ‘Oklahoma’ in the ‘State Services Section’
- Click on ‘Course Lookup with Offerings’
- Select ‘Annuity’
- Click on the ‘Search’ button at the bottom of the screen
Resident and non-resident producers who have satisfied an annuity training requirement in another state with substantially similar provisions as the Oklahoma rule will be deemed to satisfy the Oklahoma training requirement.
Questions applicable to this notice should be directed to Erin Wainner, Education Coordinator; Erin.Wainner@oid.ok.gov or to Denise Engle, CPCU, CPIW, AIC, Deputy Commissioner of Workers’ Compensation; Denise.Engle@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 licensing, agency licensing, agent licensing, corporate registrations, insurance broker, insurance licensing, insurance licensing services, insurance producer, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines broker, surplus lines licensing
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April 27th, 2012
Birth Month Renewal:
The Indiana Department of Insurance will be converting license renewal dates from the current method to birth month renewals. The conversion will begin with producers and adjusters renewing in May 2012. As of May 2012, when license renewals and reinstatements are processed, the new license renewal date will be based on birth month The process should be completed by the end of May 2015.
Birth month conversion will not affect the renewal of business entity licenses, which will continue to be due for renewal during the month initially licensed.
The license expiration conversion to the last day of the licensees birth month will not impose any additional license fee, will not shorten the license renewal period, and will not increase continuing education requirements for the next license period.
Initial Licenses:
Beginning May 1, 2012, individuals approved for licensure as a producer will be issued licenses that will expire the last day of the birth month at least 24 months following the date of licensure.
Electronic Renewal:
Paper renewals will no longer be mailed through the U.S. mail. Renewal notices will be sent electronically to the email address on file through Sircon. The electronic renewal notice will be sent approximately 60 days prior to the renewal date. Business email addresses can be used.
Producers are subject to an address violation if they do not have a valid, current email address on file with the Department. If for some reason a renewal invoice is not received by the licensee, it is still the individual’s responsibility to renew their license before the expiration date. Expiration dates can be found at www.sircon.com/indiana.
Questions regarding this announcement should be directed to Chet Pietras, Deputy Commissioner for Producer Licensing at (317) 234-1138 or cpietras@idoi.IN.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 licensing, agency licensing, agent licensing, corporate registrations, insurance broker, insurance licensing, insurance licensing services, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines broker, surplus lines licensing
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April 23rd, 2012
The Florida Surplus Lines Office signed Non-Admitted Insurance Multi-State Agreement (NIMA). NIMA will serve as a clearing house for collecting surplus lines premium tax payments in Florida. The agreement will begin with policies issued or renewed on or after July 1, 2012.
Contact: Jack McDermott or Amy Bogner at 850-413-2525 for further information.
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: adjuser licensing, agency licensing, agent licensing, corporate registrations, insurance broker, insurance licensing, insurance licensing services, insurance producer, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines licensing
Posted in Insurance, Licensing & Renewals, Surplus Lines Insurance | Comments Off
April 18th, 2012
The North Dakota Insurance Department deadline for TPA, Consultant and Surplus Lines producer license renewals is on or before April 30, 2012.
Insurance companies must also submit the appointment renewal invoice on or before April 30, 2012. If the invoice is not paid on or before April 20, ALL appointments will be canceled.
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 licensing, agency licensing, agent licensing, corporate licensing, insurance licensing, insurance licensing services, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines broker, surplus lines licensing
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April 9th, 2012
Ohio requires any vendor who sells or leases portable electronic devices such as cell phones or electronic tablets, on or before March 22, 2012, to obtain a Limited Line Portable Electronics Business Entity License from the Ohio Department of Insurance before selling or offering portable electronics insurance coverage to customers in Ohio.
The licensing structure will allow for the licensed entity (such as large retailers) to maintain the license. Individual sales staff will not be required to obtain individual licenses.
Vendors must apply for a Limited Line Portable Electronic Business Entity license no later than June 30, 2012.
For more information regarding this new license authority, please visit the Department’s website at www.insurance.ohio.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 licensing, agency licensing, agent licensing, corporate licensing, insurance broker, insurance broker licensing, insurance licensing, insurance licensing services, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines broker, surplus lines licensing
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April 5th, 2012
The New York Insurance Department has added Part 224.0 to its insurance regulations to have similar standards and provisions as the NAIC Annuity Suitability Model Law and NAIC Rule 2310.
Approximately 30 states have adopted standards and provisions similar to the NAIC Annuity Suitability Model Law. NASD Rule 2310 has been in place for about 20 years.
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 licensing, agency licensing, agent licensing, corporate registrations, insurance broker, insurance licensing, insurance licensing services, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Services, surplus lines broker, surplus lines licensing
Posted in Insurance, Insurance Licensing, Insurance Licensing Update, Insurance Update | No Comments »
April 4th, 2012
South Dakota SB 32 updates annuity suitability requirements by adopting the most recent changes to the National Association of Insurance Commissioners (NAIC) Model Law.
One of the important changes is the shifting of the primary oversight of ensuring suitability from the agency level to insurance companies.
Insurance producers selling annuity products are required to complete a one-time four hour approved training course.
An annuity producer who has a life insurance license on or before July 1, 2012, must complete the requirements by December 31, 2012. Any person who obtains a life insurance license after July 1, 2012, may not engage in the sale of annuities until the required annuity training course has been completed.
Approved courses will be posted on the Division of Insurance website at http://dlr.sd.gov/insurance/producers/continuing_education.aspx.
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 licensing, agency licensing, agent licensing, corporate registrations, insurance licensing, insurance licensing services, licensing maintenance, non-resident licensing, nonresident licensing, producer licensing, Supportive Insurance Licensing, surplus lines broker, surplus lines licensing
Posted in Insurance, Insurance Licensing, Insurance Licensing Update | No Comments »
