Agents across the country are facing a regulatory sea-change that will have a critical impact on internal processes.
As regulators become more familiar with the title industry, they’re asking questions and collecting information… information that can only be obtained through more in-depth data calls. As a result, data collection efforts have become paramount within individual states as well as within the National Association of Insurance Commissioners (NAIC). The NAIC has already bolstered its data collection with the underwriters, and is now seeking to implement a proposed agent data collection protocol.
What does this mean – now, and down the road – for agent and underwriter practices?
Order this in-depth educational Webinar and find out what data you will need to collect and submit to underwriters, as well as how to evaluate your processes and technology capabilities now to prepare for this fast approaching regulatory change.
This Webinar will help you prepare for these increased requirements by:
- Explaining the impetus behind the new trend among state regulators;
- Defining the efforts by the National Association of Insurance Commissioners to craft an agent data collection proposal;
- Letting agents know what they need to provide to their underwriters next year to comply with the NAIC underwriter state page requirement already in effect;
- Outlining how agency operations will have to change to meet the statistical requirements;
- Providing agents with questions to take back to their technology provider so they can work together to make the necessary adjustments; and
- Giving participants a list of key initiatives they can adopt today to prepare for the changes to come.
Founder and consultant
Title Experts and Management
Policy & Legislative Affairs Division
Washington Office of the Insurance Commissioner
The Legal Description, October Research Corp.