Publication Date
2023-08-07
effective date
2023-09-06
jurisdiction
New Hampshire Issues Bulletin Regarding Notice Required Producer Terminated for Cause
On August 7, 2023, New Hampshire issued a bulletin laying out notice required when a producer is terminated for cause.   See attachment for full details.
On August 7, 2023, New Hampshire issued a bulletin laying out notice required when a producer is terminated for cause.   In this bulletin the NHID urges all insurance carriers to review their records to ensure that all terminations for cause over the previous 3 years (August 1, 2020 to August 1 2023) have been reported to the NHID  Carriers have 30 days from the date of the bulletin to bring their organization into compliance. See attachment for full details.
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
Appointments & Terminations