ACLI Weighs In on Licensing.
The council's report recommends:
* a central system to administer licenses based on uniform standards for producer qualifications, education, training and experience;
* a central network to administer the producer appointment and termination process based on notice to states instead of prior approval;
* a single license, regardless of residency, that authorizes a qualified producer to do business in all states where the producer is registered and has paid the necessary registration fee; and
* a central database of the relevant information and license status of producers, including termination reports, sanctions and other disciplinary procedures brought by insurance departments.
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|Article Type:||Brief Article|
|Date:||Aug 1, 2000|
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