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Producer Licensing (EX) task force update

PRODUCER LICENSINGAt the NAIC Summer, 2016 meeting I had the opportunity to present information to the Producing Licensing Task Force (PLTF) about compliance issues that I have been unable to find on the state websites.  My point was how insurance companies, and business entities can comply when they can’t find the information anywhere?  I provided Commissioner Sevigny a listing of those items.  He asked what was one of the main topics I felt was most important and where there was lack of uniformity.  I explained that since 2006 the affiliation agent/agency process has been a topic of discussion among the insurance companies and regulators.  It has been painful for all since there are so many different state requirements.  I conducted a survey of all of the 50 jurisdictions.  I submitted a spreadsheet to the president of the PLTF, Keith Kuzmich, to demonstrate my point.  Since that time, I have been working with the PLTF to address uniformity issues.

I have communicated to the PLTF that in my opinion the most important topic for discussion should be the affiliated agent/agency process among all jurisdictions.

 

My Comments Noted from Attending the NAIC Summer 2016 Meeting (excerpt)

  1. Discussed Comments from VUE Software

Commissioner Sevigny said that, during the Summer National Meeting, Karen Machamer (VUE Software) raised the issue of state websites and business rules often not including pertinent and detailed information for insurers and producers to create compliant licensing policies and procedures. As requested at that meeting, Ms. Machamer has followed up her comments with formal, written comments (Attachment ??) for the Task Force to review.

Commissioner Sevigny suggested Ms. Machamer’s comments be referred to the Producer Licensing (EX) Working Group. Mr. Kuzmich agreed and said the Working Group would review the issues raised by Ms. Machamer to determine the frequency and severity of impact. Based upon this review, Mr. Kuzmich said the Working Group could then determine which issues should be discussed and in what priority.

Link: http://www.naic.org/meetings1612/cmte_ex_pltf_2016_fall_nm_materials.pdf?1479914445540

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