NIPR Removes FEIN for Sole Proprietorships
The FEIN number will no longer be displayed on the PDB for firms reported as sole proprietorships. This goes into effect 4/21/22.
For AgentSync customers, this means that the FEIN will need to manually entered in some workflows involving sole proprietors.
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.