Independent Producer Clearinghouse (IPC)
The IPC was established to more efficiently and cost-effectively provide individual producer compliance services at the time of appointment and on an ongoing basis. These services include producer background checks and compliance training.
Through an exclusive, cooperative information sharing agreement between BIG® and LIMRA International, the IPC conducts the required background checks on independent producers through BIG®, and then shares the results with members of the clearinghouse. This shared approach means compliance services are performed only once at a shared cost, and information residing in the clearinghouse can be instantly accessed, eliminating duplicate background checks.
In addition to providing valuable time and cost savings, compliance services conducted through the IPC help ensure compliance with federal and state laws, including U.S.C. Section 1033 of the Violent Crime Control and Law Enforcement Act of 1994.