Insurance Agency Compliance & Licensing Checklist [FREE PDF]
This insurance agency compliance and licensing checklist ensures agencies comply with state Department of Insurance producer licensing requirements, NAIC model regulations, and anti-money laundering requirements for life insurance products. Agency principals use this quarterly to maintain clean licensing records and avoid administrative actions.
- Industry: Professional Services
- Frequency: Quarterly
- Estimated Time: 25-35 minutes
- Role: Agency Principal / Compliance Officer
- Total Items: 8
- Compliance: State DOI producer licensing requirements, NAIC Producer Licensing Model Act, FinCEN AML requirements for life insurance (31 CFR), NAIC Suitability in Annuity Transactions Model Regulation
Producer Licensing
Verify all producer licenses are current.
- All producers licensed in states where they solicit, negotiate, or sell insurance?
- Non-resident licenses obtained for out-of-state clients?
- All producers current on CE requirements including ethics?
- All E&O claims and regulatory actions reported to carriers as required?
Suitability & AML
Verify suitability and anti-money laundering compliance.
- Suitability documentation on file for all annuity recommendations?
- Annual AML training completed by all producers selling life/annuity products?
- DNC registry compliance verified before telemarketing campaigns?
- Insurance agency compliance notes
Related Professional Services Checklists
- Public Relations & Marketing Agency Compliance Checklist [FREE PDF]
- IT Consulting Firm Data Security & Compliance Checklist [FREE PDF]
- HR Consulting & PEO Compliance Checklist [FREE PDF]
- Audit Planning Checklist
Why Use This Insurance Agency Compliance & Licensing Checklist [FREE PDF]?
This insurance agency compliance & licensing checklist [free pdf] helps professional services teams maintain compliance and operational excellence. Designed for agency principal / compliance officer professionals, this checklist covers 8 critical inspection points across 2 sections. Recommended frequency: quarterly.
Ensures compliance with State DOI producer licensing requirements, NAIC Producer Licensing Model Act, FinCEN AML requirements for life insurance (31 CFR), NAIC Suitability in Annuity Transactions Model Regulation. Regulatory-aligned for audit readiness and inspection documentation.
Frequently Asked Questions
What does the Insurance Agency Compliance & Licensing Checklist [FREE PDF] cover?
This checklist covers 8 inspection items across 2 sections: Producer Licensing, Suitability & AML. It is designed for professional services operations and compliance.
How often should this checklist be completed?
This checklist should be completed quarterly. Each completion takes approximately 25-35 minutes.
Who should use this Insurance Agency Compliance & Licensing Checklist [FREE PDF]?
This checklist is designed for Agency Principal / Compliance Officer professionals in the professional services industry. It can be used for self-assessments, team audits, and regulatory compliance documentation.
Can I download this checklist as a PDF?
Yes, this checklist is available as a free PDF download. You can also use it digitally in the POPProbe mobile app for real-time data capture, photo documentation, and automatic reporting.