Reporting of Actions
The purpose of this product is to provide an electronic means to
allow producers to satisfy their requirements with respect to the
notification and reporting of all administrative, criminal and civil
(if applicable) actions. Pursuant to states laws, the requirement of
the duty to report the action and provide documentation is required
within thirty (30) days, consistent with the language found in the
NAIC Producer Licensing Model Act Section 17 which states:
- A producer shall report to the insurance commissioner any
administrative action taken against the producer in another
jurisdiction or by another governmental agency in this state within
thirty (30) days of the final disposition of the matter. This
report shall include a copy of the order, consent to order or other
relevant legal documents.
- Within thirty (30) days of the initial pretrial hearing
date, a producer shall report to the insurance commissioner any
criminal prosecution of the producer taken in any jurisdiction. The
report shall include a copy of the initial complaint filed, the
order resulting from the hearing and any other relevant legal
documents.
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