NAIC sent out communications about updates to the Online Premium Tax for Insurance (OPTins) filing submission process. This update enables a filing amount limit on transactions exceeding $1 million to be subject to a five-business-day holding period before payment is released.  Please see the attachment for more information. 

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.