Producer Compliance in California: The Top 3 Regulatory Danger Zones

Mark B. Robinson presented on “Producer Compliance in California: Top Three Regulatory Danger Zones,” at the California Insurance Wholesaler Association (CIWA) 2018 California Wholesaler Industry Days on Tuesday, January 9, 2018 from 2:30-3:30 PM.

The California’s Department of Insurance is watching you. Okay, perhaps not literally, and certainly not all of you, but the Department definitely has its antennae up when it comes to the business of brokers and agents, particularly as it pertains to licensure, operations, sales and reporting. No doubt, producers must be aware of insurance regulations impacting them, and the Department’s resolve to ensure compliance. Presented in this presentation were the three key areas of scrutiny.

1. Unlicensed Activity
2. Disclosure of Broker Fees; and
3. Background Reporting