IMPORTANT: 2022 Annual Notices
Independent Producer Guide for Life Insurance and Annuity Replacements
In addition to following replacement rules and requirements for each state, producers must also follow Lafayette Life’s guidelines for life insurance and annuity replacements.
Annual NAIC Florida Churning Notice
Under Florida regulations, an announcement must be sent to all Florida resident and non-resident agents annually regarding churning. The announcement must define churning, include information on Lafayette Life’s written procedures and explain the consequences of not following the company’s procedures.
Annual NAIC Advertising Notice
NAIC Model Advertising Regulations, as well as state advertising regulations, require all insurers to provide an annual notice reminding producers of advertising review procedures and controls, and potential disciplinary actions in cases of non-compliance.