Arkansas Insurance Department bulletin reminds individual applicants to use full legal name on documentation
The Department has experienced difficulties in verifying information provided by individuals seeking licensure due to the use of a name other than the applicant’s legal name. Read More
Virginia reminds insurers of obligations when terminating agents or licensees
The Commonwealth of Virginia’s Bureau of Insurance recently distributed a bulletin to request that insurers review their appointment terminations to determine whether any were improperly terminated for cause. Read More
Presidential memorandum directs DOL to examine its “Fiduciary Duty Rule”
On Feb. 3, 2017, President Trump sent a memorandum to the U.S. Department of Labor, directing it to “prepare an updated economic and legal analysis” to determine whether its final “Fiduciary Duty Rule” is likely to harm investors, disrupt the industry or cause an increase in litigation and the price of advice. Read More
NARAB board nominations sent back to White House
As previously reported , during 2016, former President Obama sent 10 nominees for the National Association of Registered Agents and Brokers (NARAB) board of directors to the U.S. Senate for approval; however, the Senate never confirmed these nominations. Read More
Illinois Department of Insurance requires independent third-party background investigation reports from nationally-recognized vendors
The Illinois Department of Insurance recently issued a bulletin requiring all companies to use nationally-recognized independent third-party agencies to provide background investigation/verification reports to the Illinois Department of Insurance. Read More