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2012 Charges
The mission of the Producer Licensing (EX) Task Force is to: 1) Develop and implement uniform standards, interpretations and treatment of producer and adjuster licensees and licensing terminology; 2) Monitor and respond to developments related to licensing reciprocity; 3) Coordinate with industry and consumer groups regarding priorities for licensing reforms; and 4) Coordinate and consult with the National Insurance Producer Registry (NIPR) Board of Directors to develop and implement uniform producer licensing initiatives, with a primary emphasis on encouraging the use of electronic technology.
Ongoing Support of NAIC Programs, Products, or Services:
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Monitor progress on recommendations to the NIPR, which include the following: 1) Work closely with the NAIC Market Regulation Division and the Producer Licensing (EX) Working Group to identify areas in the states’ electronic business rules that do not appear to comply with reciprocity or uniformity standards; and 2) Develop a uniform set of electronic processing standards (business rules) to facilitate “true” uniformity vs. “virtual” uniformity.—Essential
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Work closely with the NIPR to encourage full utilization of NIPR products and services by all of the states and producers, and encourage accurate and timely reporting of state administrative actions to the NAIC’s Regulatory Information Retrieval System to ensure this data is properly reflected in the State Producer Licensing Database (SPLD) and Producer Database (PDB).—Essential
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Facilitate roundtable discussions, as needed, with the state producer licensing directors for the exchange of views, opinions and ideas on producer-licensing activities in the states and at the NAIC.—Essential
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Appoint the NARAB (EX) Working Group to monitor state reciprocity recertification based on the Working Group’s 2009 reciprocity report.—Essential
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Appoint the Producer Licensing (EX) Working Group to:
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Continue to review the process for examination development and delivery of education materials for prelicensing education and provide recommendations for best practices to ensure the timely review and updates of exam material and a process geared toward testing the qualifications for an entry-level position as a producer.—Essential
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Continue to provide oversight and ongoing updates, as needed, to the State Licensing Handbook. —Essential
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Provide ongoing maintenance and review of reciprocity guidelines and uniform application forms for continuing-education providers and state review and approval of courses.—Important
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Provide input and feedback to NAIC/NIPR staff regarding the development of electronic-licensing applications, such as a centralized filing point for notification of administrative/criminal actions and Personalized Information Capture System (PICS) alerts for state insurance regulators.—Essential
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Coordinate with other NAIC parent committees and working groups to review and provide recommendations on any new producer training requirements or continuing-education requirements, which are included in NAIC model acts, regulations and/or standards.—Essential
- Monitor state implementation of the uniform business entity licensing standards.—Essential
- Review and provide guidance regarding the U.S. Financial Sector Assessment Program (FSAP) recommendations to strengthen the approach to producer regulation, including the following: “(i) to extend broker trust fund arrangements across states (where not already in place) to ensure that client funds are fully protected; (ii) to develop a uniform approach to the regulation of major brokers which reflects the important role which large brokers play in the commercial lines market; and (iii) to complete the current work on a consistent approach to the regulation of commission disclosure. In addition, producers should be required to make disclosures to customers of the status under which they are doing business, including which insurance companies have appointed them.”—Essential
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