Idaho

What is the Gramm-Leach-Bliley Act (GLBA)?

Accident Health License, Annuity Producers, Arkansas, Colorado, Delaware, General, Idaho, Illinois, Indiana, Iowa, Kansas, Life Producers, Louisanna, Medicare Advantage, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, Rhode Island, South Dakota, Virigina, West Virginia, Wisconsin, Wyoming /

President Clinton signed into law the Gramm-Leach-Bliley Act(GLBA) (P.L. 106-102) on November 12, 1999. GLBA requires state insurance regulators to issue rules protecting the privacy of insurance consumers’ personal information.  These rules require insurance companies, producers, and other entities engaged insurance activities to protect the customer’s financial and health information. It requires insurers to: Notify consumers of their privacy policies; […]

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What are the coverage limits under the state guaranty fund in case an life insurer files for bankruptcy?

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Each state sets the amount of coverage provided by their guaranty association and the amounts differs from state to state. The majority of the states followed the lead of specified in the National Association of Insurance Commissioners’ (NAIC) Life and Health Insurance Guaranty Association Model Law: $300,000 in life insurance death benefits $100,000 in net cash surrender or withdrawal values for

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Required Flood Insurance Training

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The Flood Insurance Reform Act of 2004, Section 207 includes a one-time three hour continuing education requirement for those producers working with  the National Flood Insurance Program (NFIP).  This three hour course test the knowledge and understanding of flood insurance by licensed producers. Each state has adopted this requirement into their insurance regulations and is include with other

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Annuity Suitability Training

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Under the National Association of Insurance Commissioners (NAIC) Model Laws on Annuity Suitability, there are two training requirements.  First, insurers are required to train their producers on their products.  It mandates insurers properly supervise their producers and check on the suitability of the product to meet the needs of the client.  Insurers are also required

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