Publication Date
2022-02-16
effective date
2022-03-25
jurisdiction
California - Adding Non-Uniform Questions
California is adding new Non-Uniform (State specific) questions on March 25th, 2022 that will impact initial and renewal applicants for both individual and business entities and residents and non-residents.
The questions that are to be added in the initial license application and renewals: **Question 3A:** Are you currently a party to, or have you ever been found liable in, any lawsuit, arbitrations or mediation proceeding involving allegations of fraud, misappropriation or conversion of funds, misrepresentation or breach of fiduciary duty? **Question 4A: **Are you currently a party to, or have you ever been found liable in, any lawsuit, arbitrations or mediation proceeding involving allegations of fraud, misappropriation or conversion of funds, misrepresentation or breach of fiduciary duty?
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
General