This post is part of a series sponsored by AgentSync.
Insurance manufacturers̵7; licensing, meetings and agency rules vary between states and the variations make it difficult to do business with any predictability – let AgentSync’s 50 license summary table make it easier.
As everyone who has been in insurance long enough understands, following a state’s rules does not mean you follow them all. The difficulties of working across states are innumerable, and most organizations approach these challenges by:
With AgentSync’s 50 license summary table, we’ve taken the most common questions about licensing, appointments, adjustments, and business unit management and put them in a comparative grid of states and territories. Instead of your team maintaining a spreadsheet or asking “but WHY!?!” Whenever you come across a nuance or variation in government regulations, have an overview of how each state handles appointments or licensing.
Open the 50 state summary table now.
What can you find in the summary table for 50 states?
The AgentSync Compliance Library takes jurisdiction over compliance data, and lists, for example, a summary of known rules for Kansas operator appointment procedures. However, 50 State Summary is our selection of the best data points for each state, listed in a state-by-state table for comparing and contrasting data.
So instead of choosing Wyoming and reading through how it handles licensing, CE, meetings, etc., you can analyze how one state’s rules compare to another’s, or scan the state regulations for Just-In-Time appointments in a quick list.
With a quick analysis of the barriers or opportunities inherent in government compliance practices, your team can increase their knowledge and make it easier for you to do business. From providing simpler answers to your producers to understanding the challenges your company faces in different jurisdictions, the 50 State Summary Table provides data such as:
- License fees
- Average timelines for the licensing process
- Deadlines for license renewal
- CE requirements
- Meeting fees and deadlines
- Average times for appointment and termination
AgentSync Compliance Library
The summary table for 50 states came from https://library.agentsync.io/, an open source library with state producer regulation information.
If you think we have missed a nuanced area, or that our data needs to be clarified, https://library.agentsync.io/contact. After all, compliance is best done as part of a community of enthusiastic, curious people.
The AgentSync Compliance Library is intended to be one of many resources to use to verify insurance compliance information. You should always consult the appropriate state and federal regulatory authority to verify the accuracy of any of the information in this database.
AgentSync works to be at the forefront of connecting the industry and making it easier for agencies, carriers and manufacturers to work together (and work with the rest of us!). By using an open source, compliance strategy for compliance data, we hope to encourage regulatory transparency and clarity that can benefit everyone in the industry.
If you are ready to join us, go to the 50 State Summary Table, check out the Compliance Library and get AgentSync.
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