Gramm-Leach-Bliley Act: Federal legislation that requires financial institutions to protect consumers' personal financial information and explain their information-sharing practices to customers
Fair Credit Reporting Act: Federal law that regulates the collection, dissemination, and use of consumer credit information
USA PATRIOT Act: Federal legislation containing anti-money laundering provisions that insurance producers must comply with
State Insurance Licensing Requirements: State-specific regulations governing the licensing of insurance producers, including initial qualification and maintenance requirements
State Producer Appointment Rules: State-specific regulations governing how insurance producers must be appointed by insurance carriers
NAIC Model Laws: Standard guidelines developed by the National Association of Insurance Commissioners that many states adopt into their insurance regulations
Producer Compensation Disclosure Requirements: State-specific rules regarding the disclosure of compensation arrangements between producers and insurance carriers
Anti-rebating Laws: Regulations prohibiting insurance producers from offering rebates or inducements to secure insurance business
Commission Sharing Regulations: Rules governing how insurance producers can share commissions with other licensed producers
Record Keeping Requirements: Regulations specifying what records must be maintained by insurance producers and for how long
Privacy and Data Protection Laws: State and federal requirements for protecting customer data and maintaining confidentiality
Continuing Education Requirements: State-mandated ongoing education requirements for maintaining an insurance producer license
Professional Liability Requirements: Regulations regarding errors and omissions insurance and other professional liability coverage for insurance producers
Market Conduct Requirements: Standards for fair dealing with consumers, including advertising rules and sales practices
