Guam Department of Revenue and Taxation Announces Upcoming Transition to State Based Systems (SBS)
Effective March 20, 2024, Guam will go live with State Based Systems (SBS). Other important dates to remember include the following:
- Insurance Licensing Operations will be unavailable on March 14, 2024.
- Insurance Licensing Operations will go live on March 20, 2024.
- Individuals and Business entities will all receive a National Producer Number as their license number.
Please see attached for full details on this transition.
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.