Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Today, Joyce King, Quality Assurance Administrator for Insurance Licensing Services of America, Inc. (ILSA) shares her dos and don’ts for affiliations and terminations. Her secret for success: Keep your affiliations up to date. When an agent joins your team or leaves to pursue other opportunities, submit any needed affiliations or terminations in a timely manner – usually within 30 days.
And if you only learn one thing from this podcast, let it be this: Some states require you to report agency affiliations for producers other than your Designated Responsible Licensed Producer (DRLP).
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