On May 25, 2021, the Kansas Insurance Department notified licensees of Senate Bill 37, which impacts producer licensing, appointments, affiliations, and resident licensee requirements. The bill has many different impacts, please see: https://insurance.ks.gov/producer-licensing/Producer-Licensing-Reform-Implementation-FAQ.pdf for the full text.
A select few updates with broad applicability include:
- Effective July 1, 2021:
- A company will no longer be required to file appointments for business entities (agencies);
- The Department will no longer require business entities to report affiliated licensed producers (agents);
- Licensee’s renewal dates are changing from the producer’s birthday to the last day of the producer’s birth month, in an even or odd year, depending on whether the agent was born in an even or odd year.
- Effective January 1, 2022:
- Home and mailing addresses, name changes, email address, regulatory actions, terminations for cause, and new convictions must be reported to the Department within 30 days.
For more information on producer licensing, appointments, or the Kansas Update, please contact Westmont Associates, Inc.
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