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SILA Agency-Carrier Subgroup (SACS) Meeting
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SILA Agency-Carrier Subgroup (SACS) Meeting

8/13/2020
When: Thursday, Aug 13, 2020
2:00 PM
Where: Please check for an email from BigMarker for webinar details.
United States
Contact: SILA Support
800-428-8329


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SILA Agency-Carrier Communications Subgroup (SACS) Meeting

Date: Aug 13, 2020

Time: 2:00 PM Eastern Time (US and Canada)

Agenda: 

  • Welcome -Paul Willis
  • Best Practices Handbook Updates – Linda Brunette
  • SILA Conference Update - Diana Capes
  • Open Forum Discussion Topics
  1. DRLP function
  • I have a seemingly simple question - what does your DRLP do? I say seemingly simple because, while this is a requirement we're all familiar with and one that is almost universally required in some form by each state, I've found that there is surprisingly little formal guidance surrounding this individual(s)' defined roles and responsibilities. The PLMA as well as other NAIC based resources don't elaborate beyond, what I consider to be, high level descriptions. Getting down to the state-to-state level, I've researched the majority of individual states' statutes, administrative codes, regs etc. that does a decent job of covering the mechanical things (how to change, when to notify, need to be officer, director ext.), but again nothing concrete regarding their formal responsibilities. The DRLP role often seems to be a vaguely defined hybrid role of sorts, combining compliance officer and sales practice oversight functions. With all that said, I would be very interested in hearing how other agencies view this role. I would also be interested in hearing any HR-oriented aspects as well - for instance: Does anyone treat this as a formal requisition (dedicated DRLP job that you hire for specifically)? Any compensation considerations related to the role's responsibilities?, Dedicated DRLP for each state or single individual (or same individuals) filed in multiple states? Again, anything you have to add here is welcome.

    2.  Appointment Question

  • We appoint based off the main risk state on a policy. If a policy has multiple states, we appoint based of the main one. Or if a policy has one risk state but a mailing address in a different state, we appoint on the risk state. My legal department is questioning why we don't appoint to all states on the policy.  I'm having a hard time answering this.  At companies I've worked at before it's always been the main risk state and I never questioned it until now. Should we appoint in every state included on the policy or the main risk state?

3. Secretary of State Name Approval

  • Looking for guidance around secretary of state name approval requirements. Is it based on the formation type - corporation, LLC, etc?  Our registered agent didn't have a compiled list available - they manage as it arises. The secretary of state and the department of insurance in the same state seem to have different requirements.

    Other Topics?