Compliance news you can rely on
Reminder about the claims handling requirement in California
We want to remind you, as directed by subsection 2695.5(d) of the California Fair Claims Settlement Act, all agents licensed within the state of California are required to immediately forward notice of all claims received to the insurer.
Iowa indexed product training requirements
Iowa requires producers who want to sell any indexed insurance products (life or annuity) to complete the one-time Iowa Indexed Product Training course with at least four credits, prior to soliciting or selling these products. This requirement applies to resident and nonresident insurance producers.
Languages accepted at Protective
As a reminder, Protective Life can only accept or service applications from applicants who speak and read either English or Spanish.
Annuity Suitability Program
Online resources are available for Protective Life’s Annuity Suitability Program to help ensure producers comply with applicable suitability laws and regulations.