Licensing and maintenance of your office licenses are a critical part of your business. Each state has different procedures for licensing, license renewals and maintenance of those licenses. The functions of a licensee can be defined differently from state to state and laws can change without notice. It is important to work with your local representative on these nuances in order to maintain the proper protocols.
Here are some questions that you need to ask when establishing your licensing procedures, as well as, our suggestions and solutions.
Research your state insurance laws to be sure your licensing practices are in compliance and set a regular repetitive schedule for reviewing to be sure all your licensing issues are current, documenting the review date and who completed it.
Assigning Responsibility - Who is going to do these procedures in your office? How are they going to document that they accomplished these?
Our Agency Representatives can help you identify where to find the resources for the state specific requirements for licensing and procedures for renewals, if any. These resources can be your State's Department of Insurance, a State's Secretary of State Office or other Licensing Entity.
For more information on how we can help you establish the necessary processes related to this best practice contact your local FNTG Agency Representative.