Did you know that if you are a licensed producer in AR, CA, CO, GA, ID, KS, KY, LA, ME, MI, MO, MT, NV, NM, OH, OR, SC, UT or WA and are selling, soliciting, or negotiating insurance on behalf of the business entity that you should be affiliated to that agency license? Knowing the different rules, regulations and even the terminology regarding affiliations can be confusing and time consuming. The good news is that Supportive Insurance Services can help! Our process for all new maintenance clients is to check all states where producers currently hold licenses and verify they are affiliated with the agency to insure compliance with state regulations.
Who needs to be affiliated to the agency’s license?
Any individual that is selling, soliciting, or negotiating insurance on behalf of the business entity.
How are affiliations processed and what is the cost?
Not all states are the same when it comes to requirements for affiliations. How affiliations are processed and the fee to affiliate varies from state to state. Many affiliations can be processed electronically but there are a few which require paper forms.
Do affiliations need to be renewed?
There are a few states that require affiliations to be renewed by either a form or the agency’s renewal application.