Publication Date
2022-06-15
effective date
2022-08-05
jurisdiction
UPDATE - Mississippi Converting Travel LOA to License Class
Effective date of 08/05/2022 has been announced. Mississippi is converting the Insurance Producer with a Travel LOA to a license class of Limited Lines Travel. A Limited Lines business entity must provide one DRLP that is actively licensed as a Limited Lines Travel Insurance Producer, or Producer with Property and Casualty or Personal Lines.
- For individual Resident, Non-Resident, Resident Renewal, and Non-Resident Renewal application types the License Class will change from **Limited Lines Insurance Producer** to **Limited Lines Travel Insurance Producer**. The LOA will stay the same with Travel. The PDB Codes will update from **4433/54 to 12553/64**. - Resident, Non-Resident, Resident Renewal, and Non-Resident Renewal License Application Fees will be $100 and Late Renewal Fees will be $150. - Appointments and Terminations will have the same License Class update as above(**Limited Lines Insurance Producer **to** Limited Lines Travel Insurance Producer**) and no LOA will be needed. PDB Codes will update from **4433/54 to 12553/236**. - Appointment Fees will be $25 and there will be no charge for Terminations.
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
Licensing