Publication Date
2024-06-17
effective date
2024-06-20
jurisdiction
Washington Seeking Comments Regarding Licensing Requirement Rule Changes for Producers and Adjusters
WA - On June 18, 2024, Washington sent out a request for industry comments on proposed producer and adjuster licensing changes. The comment period begins on June 20, 2024, and will close on August 2, 2024. Comments can be sent to the rules coordinator email address at the OIC. See attachment.
The proposed rule will update Chapter 284-17 WAC to ensure producer and adjuster licensing requirements are clear, relevant and aligned with Title 48 insurance laws and the planned National Insurance Producer Registry (NIPR) interface enhancement. The rule will also: 
-Simplify the licensing process for limited-line credit insurance by automatically adding it for producers already licensed for life, disability, property or casualty insurance.
-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 cancellation 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-Remove outdated language that exempted crop adjusters from continuing education (CE) requirements, aligning with a 2022 rule that mandated CE for all licensed resident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.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing

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