Compliance news you can rely on
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11/15/2022
Reminder of Initial Premium Acceptance Rules
Keep your business going strong by making sure your cases are efficiently pushed through our New Business process. For a full set of guidelines, review our Initial Premium Acceptance Rules.
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08/23/2022
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.
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07/28/2022
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.
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06/28/2022
Update on Parental Consent to Insurance form
Effective now, Protective has changed our form requirement related to non-parental (parent or legal guardian) ownership on a life insurance policy for a minor
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04/11/2022
Update to cross-border sales rules
Protective wants to make sure you stay informed and compliant regarding rules and regulations within our industry. Effective April 11, we are not able to accept applications for non-resident (aka, cross-border) sales to residents of Minnesota, Mississippi and Utah. This may affect the processing of your submitted business with us.
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12/21/2021
Languages accepted at Protective
As a reminder, Protective can only accept or service applications from applicants who speak and read either English or Spanish. Spanish-speaking applicants and Spanish applications must go through our Tele life process.
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07/06/2021
California claims handling requirements
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.
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07/03/2021
Operational changes to backdating rules
State regulation update: Ohio recently changed their backdate application to save age rules from 3 months to 6 months. This aligns with most other states and provides customers a better chance to lock in premium rates at a lower amount.