Publication Date
2023-03-16
effective date
2023-08-01
jurisdiction
Illinois Adds Grace Period to Implement Required Changes
The Illinois DOI has announced a grace period to implement changes made to 50 Illinois Administrative Code 3120, which includes new supervisory requirements for insurers to ensure producer compliance and training requirements for producers selling annuities. Companies are expected to comply by August 1, 2023.
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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analyzed
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Education and Training