Producer and adjuster licensing requirements (R 2024-06)

The proposed rule will also: 

• Simplify the licensing process for limited-line credit insurance by automatically adding it for producers already licensed for life, disability, property, casualty or personal lines of authority.
• Allow insurance agencies to designate a new responsible licensed producer (DRLP) during license renewal if the current DRLP is inactive, fixing an issue identified by NIPR.
• Simplify the fee structure for the cancelation of producer licenses. This will simplify fee calculations and prevent delays in implementing new NIPR features.
• Remove outdated language that exempted crop adjusters from continuing education (CE) requirements, aligning with a 2022 rule that mandated CE for all licensed resident adjusters.
• Remove references to pre-licensing education (PLE) to follow a 2023 law that abolished the PLE requirement.
• Remove references to specific dates for electronic submissions, as all licensing processes are now fully electronic.