The Department of Banking and Insurance began the process of amending to the state’s continuing-education regulations earlier this month. The DOBI sent an advance notice of rulemaking to PIANJ—as well as other stakeholders—outlining the amendments they are proposing....
Commissions seem basic: You sell an insurance policy to a client and you get a commission. However—as with all things insurance—it’s never quite that simple. There are laws and regulations regarding commissions, service fees, referral fees and rebating for insurance...
Multi-factor authentication is a method of authenticating users on an information system and requires them to go through multiple steps to access that information system. Commonly, this is accomplished through a combination of a username and password, followed by a...
The New York State Department of Financial Services announced today that it has finalized changes to the continuing-education requirements for insurance producers. What’s new? All licensees will be required to take at least: one hour of insurance law per licensing...
When policyholders are facing nonrenewal or cancellation of their policies, it’s important that you—the agent—follow the rules when notifying them of the nonrenewal or cancellation. But, depending on the state in which you do business, the rules may differ. New York...
Let’s talk about Beyoncé Giselle Knowles-Carter. Beyoncé. Queen Bey. Sasha Fierce. I don’t want to talk about her excellent 2016 album Lemonade. Nor do I want to talk about Homecoming, her Netflix special, which I can only assume (because Netflix does not release...
PIANH President Lyle W. Fulkerson, Esq., and PIANH President-elect, Keith T. Maglia, met with representatives from each of New Hampshire’s congressional offices—including a thorough discussion with Democrat Rep. Chris Pappas—last Wednesday to discuss PIA’s federal...
The Appellate Division Third Judicial Department of the New York Supreme Court ruled last week that amendments to Regulation 187—which created a suitability and best-interest standard for the sale of life insurance—were unconstitutionally vague. This is a...