NOTICE TO: Individual and Agency Producers, Independent and Public Insurance Adjusters, and Other Interested Parties FROM: Licensing Services Division, Producer Licensing Bureau DATE: November 14, 2022 RE: New Law Requires Licensees to Include Their License Number on Emails Starting January 1, 2023, a new law will require most types of insurance producers, as well as independent insurance adjusters, public insurance adjusters, and analysts, to include their license number on emails. (California Insurance Code section 1725.5, as amended by Senate Bill 1242 [Committee on Insurance, Chapter 424, Statutes of 2022]) This Notice answers some of the most
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Penn Treaty Surcharge
Penn Treaty Surcharge for Active Long Term Care Policyholders Resident in California Genworth Life Insurance Company (GLIC)and Genworth Life and Annuity Insurance Company (GLAIC) (GLIC and GLAIC, collectively Genworth) recently started mailing California Resident LTC policyholders seeking recoupment for assessments made against Genworth by the California Life and Health Insurance Guarantee Association (CLHIGA) for the 2017 Penn Treaty insolvency. CLHIGA assessed all companies writing health insurance in California to make up the shortfall needed to pay Penn Treaty claims caused by that insolvency. This assessment is not unique to Genworth, and Genworth has no affiliation with Penn Treaty. California law
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California Licensing Fees Increased, Effective March 3, 2019
As a reminder, per California Bulletin No. 2018-4, the California Department of Insurance (DOI) has increased its licensing fees by 10 percent for all insurance producers and insurers operating within the state of California, effective March 3, 2019. Attached is the new fee schedule for your convenience. If you have any questions, please contact the CA DOI Licensing Hotline at (800) 967-9331. California Licensing Fees Increased, Effective March 3, 2019 #goldencareagent #genworth
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Genworth, Industry News, and Long-Term Care.
CA, California, DOI, Genworth, licensing, Long-Term Care, and LTC.
CA, California, DOI, Genworth, licensing, Long-Term Care, and LTC.
