INDUSTRY NEWS
Arkansas Insurance Department Releases Bulletin On 2021 Appointment Renewal Procedures And Timelines
Beginning June 1, 2021, applicable companies will be afforded 30 days to complete the renewal of company appointments via the National Insurance Producer Registry (NIPR)'s web-based platform.
Bulletin No. 4-2021 released on March 24, 2021 by the Arkansas Insurance Department instructs all applicable organizations to review internal records on its appointed Arkansas producers and business entities (insurance agencies) to determine if the company will renew each appointment. Initiating the renewal of a producer's appointment denotes that the appointing company has properly evaluated the producer's background history and fitness to continue to act as an agent of the company.
Appointed producers and business entities can be researched by visiting the License Division page on the Arkansas Insurance Department website at:
https://insurance.arkansas.gov/pages/industry-regulation/licensing
Please note that agency appointments are now separate from the producer appointments; a direct appointment for the agency and for each producer doing business with the company under the agency license is required.
Eligible appointment renewals include all appointments identified as active and in effect as of May 24, 2021. Any appointments not being renewed should be terminated by this date via the NIPR website. Starting at 8:00 a.m. CST on June 1, 2021, NIPR will be activating the site to accept company renewal appointments. This functionality will be deactivated at 4:00 p.m. CST on July 1, 2021.
Questions concerning this Bulletin should be directed to the License Division at 501-371-2750 or by email at insurance.license@arkansas.gov.
Employers are encouraged to review the applicable background check data and documentation associated with appointments on file to ensure fitness determinations are arrived at based on recent information. BIG clients with questions pertaining to this bulletin as it relates to their background screening program should contact their account management team for support.
Posted: March 26, 2021
All Rights Reserved © 2021 Business Information Group, Inc.
This document and/or presentation is provided as a service to our customers. Its contents are designed solely for informational purposes, and should not be inferred or understood as legal advice or binding case law, nor shared with any third parties. Persons in need of legal assistance should seek the advice of competent legal counsel. Although care has been taken in preparation of these materials, we cannot guarantee the accuracy, currency or completeness of the information contained within it. Anyone using this information does so at his or her own risk.