Louisiana department of insurance 2008 form filing seminar
Download
1 / 39

Louisiana Department of Insurance 2008 Form Filing Seminar - PowerPoint PPT Presentation


  • 188 Views
  • Uploaded on

Tammi Williams, Assistant Director of Licensing Evelyn Major, Assistant Director of Licensing. Louisiana Department of Insurance 2008 Form Filing Seminar. Producer Licensing. Overcoming the Roadblocks. Purpose of the Producer Licensing Division.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Louisiana Department of Insurance 2008 Form Filing Seminar' - betty_james


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Louisiana department of insurance 2008 form filing seminar l.jpg

Tammi Williams, Assistant Director of Licensing

Evelyn Major, Assistant Director of Licensing

Louisiana Department of Insurance 2008 Form Filing Seminar


Producer licensing l.jpg

Producer Licensing

Overcoming the Roadblocks


Purpose of the producer licensing division l.jpg
Purpose of the Producer Licensing Division

  • The Producer Licensing Division licenses all insurance producers, managing general agents, surplus lines brokers, claims adjusters and public adjusters as mandated by the insurance code.

  • The Division provides necessary information and forms to prospective applicants for licenses.


Slide4 l.jpg

  • Examination of applications to determine that applicants meet all requirements so that only honest and qualified persons are licensed to serve the public. Recommendations are made to approve or disapprove applicants based upon such factors as criminal history, lawsuits, bankruptcy and disciplinary actions in this or other states.


Slide5 l.jpg


Implementation how do we accomplish our purpose l.jpg
Implementation of licensees.How do we accomplish our purpose?

  • Monitoring all producers negotiating contacts of insurance to assure proper licensing and appointments by licensed insurers.

  • Recording of regulatory actions against producers and adjusters whose licenses have been revoked, suspended, fined or subject to other administrative actions. This ensures that additional licenses and appointments will not be issued until such time as the licensee is eligible for reinstatement or renewal.


Slide7 l.jpg

  • Reviewing of examination questions, pre-licensing and continuing education provider applications and course content to assure that licensees are well prepared and knowledgeable in insurance.

  • Maintaining of producer databases for use by other State Insurance Departments, courts and law enforcement agencies. The databases are public records, available to consumers.


All of this causes roadblocks l.jpg
All of this causes Roadblocks continuing education provider applications and course content to assure that licensees are well prepared and knowledgeable in insurance.


Slide9 l.jpg

Overcoming the Licensing Roadblocks by continuing education provider applications and course content to assure that licensees are well prepared and knowledgeable in insurance.

utilizing all of the Electronic processes

available to Producers

* Non-Resident Licensing

* Resident Renewals

* Non-Resident Renewals

* Address Changes


And even more for insurance companies l.jpg
And even more for Insurance Companies continuing education provider applications and course content to assure that licensees are well prepared and knowledgeable in insurance.

  • Electronic Company Appointments

  • Electronic Company Appointment Renewals


Paper applications and appointments are considered roadblocks for producer licensing l.jpg
Paper applications and appointments are considered roadblocks for Producer Licensing


Non resident licensing l.jpg
Non-Resident Licensing roadblocks for Producer Licensing

  • Non-Resident licensing is easy when you use the electronic application that can be found at www.nipr.com.

  • You can apply to one or more states at one time with a single transaction.


Resident renewal l.jpg
Resident Renewal roadblocks for Producer Licensing

  • We no longer mail paper renewals to any resident licensee including resident agencies.

  • You must renew on-line through our website at www.ldi.state.la.us.

  • We should have all of your CE credits on file since we receive the reports directly from the providers.


Non resident renewals l.jpg
Non-Resident Renewals roadblocks for Producer Licensing

  • We no longer mail renewal applications to non-resident individuals licensed in Louisiana.

  • You can go to www.nipr.com and renew your Louisiana license and any license which is due in any other state you are licensed in.

  • We are currently working with NIPR to offer this to non-resident business entities.


Address change l.jpg
Address Change roadblocks for Producer Licensing

  • You can currently change your address on-line at our website – www.ldi.state.la.us.

  • Individual producers can change their address on-line at www.nipr.com. By using this application you will be able to change your address by completing one transaction which will change your address in all states your are licensed in.


Electronic company appointments l.jpg
Electronic Company Appointments roadblocks for Producer Licensing

  • Companies can file their company appointments through NIPR and they will be entered into our database and available for viewing on our website the next business day.


Electronic company appointment renewals l.jpg
Electronic Company Appointment Renewals roadblocks for Producer Licensing

On February 1st of each year the Department mails renewal appointment invoices to the insurance company’s and allows the invoices to be paid through NIPR. Companies can electronically pay the invoices through NIPR and they will be made effective for May 1.




Electronically challenged l.jpg
Electronically Challenged? and faster processing.

  • Paper Applications and paper appointments accepted

  • Both Residents and Non-Residents

  • Individual and Business Entity


Resident requirements l.jpg
Resident Requirements and faster processing.

  • 18 years of age

  • Reside in or maintain principal place of business in La.

  • Pre Licensing and test when required

  • Appropriate form and fees

  • Written consent of the Commissioner of Insurance pursuant to 18 U.S.C 1033 when required.


Pre licensing education requirements l.jpg
Pre-Licensing Education Requirements and faster processing.

  • Life 16 hours

  • H&A 16

  • LH&A 32

  • Property 32

  • Casualty 32

  • Personal Lines 32

  • Bail Bonds 8


Examination l.jpg
Examination and faster processing.

  • Administered by Prometric

  • Pre Licensing certificate valid for 1 year

  • Application, registration form mailed directly to Prometric

  • Exam registration remains valid for 90 calendar days after processing

  • Exam registration fees are not refundable or transferable


Limited lines requiring no exam l.jpg
Limited Lines requiring no exam and faster processing.

  • Industrial Life Health & Accident

  • Home Service

  • Travel

  • Baggage

  • Credit Life

  • Credit Health & Accident

  • Credit Property & Casualty


Non resident reciprocity l.jpg
Non-Resident Reciprocity and faster processing.

  • Currently licensed and in good standing in resident state

  • Completed application (most current)

  • Appropriate fees


Business entity l.jpg
Business Entity and faster processing.

  • Completed application form 1136B

  • At least one (1) of the firm’s officers, partners, or employee must hold license for same line of authority as applied for by business entity.


License approval l.jpg
License Approval and faster processing.

  • License card issued

  • Notify DOI of change of address in 10 days to avoid $50.00 penalty

  • Renewal due every 2 years

  • Renewal fee $50.00

  • Continuing education

  • Waiver of renewal procedure

  • May reinstate up to 5 years with appropriate CE (if applicable) and $100.00.


Continuing education for residents l.jpg
Continuing Education for Residents and faster processing.

  • 24 hours for P&C; Personal Lines; Fidelity & Surety

  • one (1) time requirement of 3 hours flood

  • 16 hours for Life only and Life Health & Accident

  • 20 hours of P&C CE if combo P&C/LH&A

  • 12 hours of LH&A CE if combo P&C/LH&A.

  • 12 hours of CE for Bail Bond

  • 6 hours of CE for Title


Roadblocks l.jpg
Roadblocks and faster processing.

  • Outdated applications

  • Incomplete applications

  • Fees not included with application

  • Background information incomplete


License disapproval l.jpg
License Disapproval and faster processing.

  • Statutory reasons for disapproval

  • Denial, nonrenewal or revocation

  • Can impose fines for code violations


Reporting of actions l.jpg
Reporting of Actions and faster processing.

  • Administrative actions reported within 30 days of final disposition

  • Criminal convictions must be reported within 30 days of conviction.


Appointments l.jpg
Appointments and faster processing.

  • Companies may still appoint/renew producers using the appropriate company appointment forms.

  • Companies may also cancel appointments using the company appointment cancellation form


Renewing your license l.jpg
Renewing your license and faster processing.

  • Renew every 2 years

  • Capability to print renewal

  • Must be mailed by filing deadline

  • Appropriate renewal fee

  • CE requirements


Other updates within the producer licensing division l.jpg
Other updates within the Producer Licensing Division and faster processing.

  • Starting November 1, 2008 we will begin the renewal of all Property & Casualty type licenses including Adjuster licenses.

  • If this is your first time to renew your Property & Casualty type license in which you will require CE you will also need the 3 hours of flood.

  • The 3 hours of flood CE is a one time requirement only. If you have already completed it and submitted it with your last Property & Casualty renewal you will not be required to complete it again.


Upcoming changes to renewals birth month renewals l.jpg

The Department will be changing all producer and adjuster licenses to renew during the producer or adjusters birth month.

We plan to begin with the Life, Health & Accident producer type licenses starting in April 2009.

Upcoming Changes to Renewals – Birth Month Renewals


Slide36 l.jpg


Slide37 l.jpg


Contact information l.jpg
Contact Information We are just changing the renewal time. Life, Health & Accident even numbered years, Property & Casualty type and Adjusters odd numbered years.

Tammi Williams, Assistant Director of Producer Licensing

twilliams@ldi.state.la.us

(225) 342-5415

Evelyn Major, Assistant Director of Producer Licensing

emajor@ldi.state.la.us

(225) 219-7784


Questions l.jpg
Questions? We are just changing the renewal time. Life, Health & Accident even numbered years, Property & Casualty type and Adjusters odd numbered years.