Oregon Implementing State Based System

State Based Systems Implementation — Effective May 7, 2012
 
The Oregon Insurance Division will begin using State Based Systems (SBS) effective May 7, 2012. With the SBS implementation we will take the opportunity to implement several NAIC uniformity initiatives as well as the opportunity to streamline many of our processes. SBS also provides a wide array of online tools that allow you to submit, view and print license information on a 24/7 basis.
 
For more information on changes affecting individual and business entity licensing, see
http://www.statebasedsystems.com/ORAnnouncement.pdf
 

State Based Systems Implementation — Puerto Rico

The Office of the Commissioner of Insurance of Puerto Rico will begin using State Based
Systems (SBS) effective January 23, 2012. With the SBS implementation, they will take
the opportunity to implement several NAIC uniformity initiatives as well as the
opportunity to streamline many of their processes. SBS also provides a wide array of
online tools that allow you to submit, view and print license information on a 24/7 basis.
 
For more information on changes affecting individual and business entity licensing, go to

New ALABAMA Indepenent Adjusters Requirements

Effective January 1, 2012. Independent Adjusters in Alabama will be required to complete 24hrs of continuing education biennial including 3hrs of ethics. Refer to Ala. Act No 2011-637. Ala. Code 27-9A-1 et seq (2011).

All adjusters will renew as usual by December 31, 2011.

After renewing his/her license in 2011, an adjuster born in an odd-year (e.g., 1971): (a) is required to next renew his/her license by the end of his/her birth month in 2013, but (b) is not required to have completed CE as a condition for renewal in 2013. CE completion will be required for subsequent renewals.

After renewing his/her license in 2011, an adjuster born in an even-year (e.g., 1972): (a) is required to next renew his/her license by the end of his/her birth month in 2014, and (b) must have completed 24 CE credit hours, of which 3.0 credit hours must be in ethics, by the time of renewal in 2014.

The actual term of a license renewed in 2011 will vary due to implementation of the year/birth month system for future renewals. Because of system limitations, a license renewed in 2011 will show an expiration date (December 31, 2013) that may NOT be the actual expiration date. Each adjuster is responsible for determining the actual expiration date of his/her license.

Adjuster should periodically check the Department’s web-site (www.aldoLgov) for further information about implementation of the new laws, including implementing regulations and a notice to print a new license with an updated expiration date.

Kentucky Insurance Department provides procedures to update licensees’ addresses to avoid monetary penalties for return mail.

THE FOLLOWING IS AN ANNOUNCEMENT FROM THE KENTUCKY DEPARTMENT OF INSURANCE:

It is very important that the Kentucky Department of Insurance be able to communicate with all licensees. We regularly receive returned mail due to bad addresses on file. In an effort to correct this problem, we are sending this notice to all those licensed as an individual or business entity, as well as those who serve as an administrator and submit paperwork on behalf of a licensee. If the Department has correct addresses for your account, you may disregard this e-mail and no action is required.

Kentucky law requires all persons holding licenses to maintain current residence, business/home office, and mailing addresses with the Department. Kentucky law further requires licensees to contact the Department within 30 days of any change in an address. The failure to maintain current addresses on file with the Department is a violation of KRS 304.2-120(4). If the department is unable to correspond with you due to insufficient or invalid addresses on file, you will be subject to a $250 fine. Penalties may be increased for multiple violations. Further, penalties may be imposed if any address on file with the Department is determined to be an insufficient or invalid.

Please check your addresses on file with the Department to determine if any changes need to be made. If so, you must change your addresses on file by logging into your e-Services account on the Department’s website at http://insurance.ky.gov/. Click on eServices in the upper right corner. You may log in with your user name and password. If you have forgotten your password, please click on Forgot your password? under the log in box. To set up an eServices account, click on First Time Here?, also under the log in box.

Once you have logged in, please click on Record Correction Request (Form 8303 / Address / SSN / Name / Email / Phone) and make the necessary changes. The Department will not be able to accept changes by phone, e-mail, etc. All corrections must be made by the licensee through the eServices account. Please keep in mind that it may take up to 48 hours for the changes to show up on the account.

An advisory opinion on this topic is available at
http://insurance.ky.gov/Documents/AdvOp11_06InvalidAdd100311.pdf

We appreciate your cooperation.

MN temporary government shutdown includes the Insurance Department

All aspects of insurance business including producer licensing and continuing education, will shut down July 1, 2011

Initial or renewal license applications, license reinstatements or reactivations, appointments or terminations, license printing, pre-license examinations, name or address changes, letters of certification, letters of clearance, and license education transcripts or uploads; online processing through their website or via Sircon, NIPR, PSI or PULSE to any licensing functions; automated appointment and termination services.

For more info and announcements visit: http://www.bereadymn.com/

OH Department of Insurance to Employ Electronic Licensing System

COLUMBUS — Ohio Lieutenant Governor and Director of the Department of Insurance Mary Taylor announced the Insurance Department would soon be creating efficiencies in its licensing division by employing a new electronic licensing system. The new system will help the Department implement the new licensing laws (HB300). The implementation of this computer system will take place beginning at close of business on May 5 and continue through May 16.
During this time period, there will be limited online access to licensing pages on the Department of Insurance website. The Department will resume accepting and processing applications and service requests beginning May 16.

Once implemented, the new computer system improves efficiency at the Department by storing all the collected information in one place. That information includes CE credits, criminal back ground check results, examination results, pre-licensing education information,
and appointments. The new system also will increase the speed in which a license is approved by utilizing an automatic approval process. The average time will decrease from 2-to-5 days down to 1-to-2 days. The new system also will allow for enhanced email communication with agents
potentially saving the Department $80,000 per year in mailing costs.

The Department will release phase II of the system in July which creates a web portal for agents to access and manage their personal information and monitor their CE credits and appointments. It also enables agents to print their own license and certification letters. The law, signed in February of 2010, requires licenses to be renewed every two years. An agent license will expire on the last day of the agent’s birth month on the year it’s renewable. In addition, the continuing education requirement has increased by 4 credits to 24 with three of those credits required to be ethics credits.

Oklahoma Insurance Department moves to State Based Systems (SBS) in June 2011

The Oklahoma Insurance Department (OID) is preparing to make the lives of licensees and other entities it regulates easier with the introduction of the State Based Systems (SBS) regulatory system.

SBS is a software system designed with state regulation in mind. The product suite offers services for producer licensing, company licensing, consumer services, enforcement, and revenue management. The system simplifies and streamlines the communication of business-critical information to the state and reduces the licensee’s time spent on licensing-related issues, increasing the time available for conducting business. SBS gives users control over numerous aspects of their licensing records, reducing data entry errors, incomplete applications, and processing delays, which, in turn, optimizes efficiency.

The system will work hand-in-hand with the National Insurance Producer Registry (NIPR). The combined services provide the ability to apply for an original license or to renew an existing license online. The system also integrates the state’s license testing and continuing education processes, uploads attachments directly to applications and makes address changes with renewal submittals.

The SBS Online Licensee Services (OLS) enables licensees and license administrators to manage one or many licenses and to produce reports on all licensees, either singly or in groups. Other services include:

  • License printing;
  • Making address changes;
  • Viewing continuing education transcripts or license detail;
  • Signing up for automatic email notifications.

SBS’ Licensee Lookup is a free service that provides consumers with 24-hour access to pertinent information about licensees from the OID. SBS Licensee Lookup allows consumers to verify that a licensee is legitimately licensed to do business in the state and that the license is in good standing.

During the system change and data migration, all licensing and CE systems will be unavailable from June 1, 2011-June 20, 2011. All licensees have the ability to renew up to 90 days early. The OID recommends anyone whose license is due to renew in the months of June or July take advantage of the ability to renew early and do so prior to May 31, 2011.

To assist licensees, license administrators and managers, CE providers and others handling licensing and CE for professionals in the insurance industry, the OID will host events offering your choice of 2 or 3 hours of Legislative Update Credit for FREE to showcase SBS and NIPR. The OID will provide additional information on registering for the events in future emails. Please mark your calendars with the following dates:

  • June 14th 2011, in Oklahoma City, at Francis Tuttle Technology Center.
  • June 15th 2011 in Tulsa, at Tulsa Technology Center.

For both events, registration will begin at 8:00am. Information for licensees will be from 8:30-10:30 and for CE providers and other interested parties from 8:30-11:30.
SBS and NIPR will be operational towards the end of June. Between now and then, the Oklahoma Insurance Department will be providing licensees with periodic updates about the switch to the new system. Watch the Oklahoma Insurance Department website —www.oid.ok.gov – for additional updates.

New Hampshire Adjuster Update

Effective January 1, 2011, the amendment to RSA 402B:5-a was implemented. NH began accepting the “designated home state” for adjusters that live in states without a resident license. This change will eliminate continuing education requirements for non-resident adjusters. Only NH resident adjusters or those that select NH as their “designated home state” will be required to complete NH approved continuing education for future renewals. “402-B:5-a Continuing Education. Every 2 years, at least 60 days prior to the renewal date of their license, persons holding an adjusters license shall be certified by the insurance department as having completed 20 hours of continuing education instruction. Licensees with workers’ compensation authority shall comply with the approved 10 credit hours of workers’ compensation and 10 credit hours of multiline requirement pursuant to RSA 281-A:63. Those licensees without workers’ compensation authority may satisfy their 20 credit hour requirement exclusively with multi-line approved credits or any combination of approved workers’ compensation or multi-line courses. Such continuing education instruction shall be approved by the insurance department. If a nonresident licensee has complied with the continuing education requirements of his or her state of residence or designated home state, he or she will not be required to comply with the requirements of this state.”