2024 Pennie® Broker Training Available
Pennie, Pennsylvania’s official health coverage marketplace, has launched its 2024 training module to become a certified broker.
Agent Headlines
MutualAid eXchange Placed into Rehab
Kansas-domiciled MutualAid eXchange, which may have Pennsylvania and Maryland insureds, was ordered into rehabilitation. Affected producers may have received an Aug. 10 email notification from the carrier.
Approval of Experience Rating Methodology Changes
Agents who understand pending modifications to the Pennsylvania Compensation Rating Bureau’s experience rating methodology may have a competitive edge over those who don’t.
NFIP Once Again Risks Lapse
As the Sept. 30 expiration date approaches, agents are encouraged to contact their Congressional representatives.
Insurance Department’s Preliminary Licensing Determination Process
Prospective insurance agents with a criminal record may now determine if their background will impact their chance of licensure before taking PLE and passing the exam.
DOI Reissues Bulletin on Communicating Rate Increases to Consumers
The Delaware Department of Insurance doubled down this week, reissuing a bulletin addressing industry communication to consumers that blames the Department for premium rate increases.
U.S. Senate Reintroduces Cannabis Protection Bill for Agents
Federal legislation that would protect insurance agents and carriers from the possibility of federal prosecution for providing insurance to legal, cannabis-related entities is once again under consideration.
New Flood CE Requirements in Maryland
Beginning in October, all licensees selling Flood, Homeowners’, or Commercial Property insurance must obtain at least 2 hours of flood-related CE.
NFIP Renewal Policy Change
NFIP renewal policies soon will require National Producer Numbers (NPNs). Watch for WYO carriers’ communication in the weeks ahead.
Non-Competes vs. Non-Piracy
Protect your agency by understanding the fundamental differences between a non-compete and a non-piracy provision and by addressing inappropriate language that likely will not hold up in court.