California
California to Remove Non-Uniform Questions Related to Surplus and Special Lines
California is removing Non-Uniform questions related to Surplus and Special lines. This will apply to the individual entity type. A business rule is being added stating the required bond needing to be on file with the state in order for the license request to be approved. The questions to be removed asked about the bonds existence. Effective Date not yet announced.
**Summary of Changes: **
- New Rule confirming that a bond or eligible agency association on record for surplus lines and special lines (Resident and Non-Residents)
- Removing Non-Uniform Question that 1) confirms they are an individual applicant renewing surplus or special lines license on behalf of a Surplus Line Broker business entity and 2) Has a bond on file
**Fee Rules: **
- $1296 is qualifying individual has bond on record
- $ 646 if no qualified individual bond is on file, but a qualifying affiliated agency is on file
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.
analyzed
pending
effective
This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing
analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).