NEWS & NOTES
NEW
Trusted Choice has added a video tutorial to the Marketing Reimbursement Program website cobrand.iiaba.net/money
PA, DE AGENCIES ELIGIBLE FOR MARKETING REIMBURSEMENT Put money back in your pocket. Through IA&B's affiliation with the Big "I", all Pennsylvania and Delaware member agencies are eligible for the Trusted Choice Marketing Reimbursement Program. This equates to a one-time, marketing reimbursement of up to $750. All reimbursements are made on a tiered schedule, based on agencies meeting the requirements. Review the Marketing Reimbursement Program guidelines and submission form available at https://cobrand. iiaba.net/money. (Note: You'll need your Big "I" password to log in.) For more information, go to cobrand.iiaba.net/money or contact: Megan Fioretta IA&B Brand Mngr 800-998-9644, ext. 605 MeganF@IABforME.com
APPLY FOR IA&B EDUCATION SCHOLARSHIP
REVISED ACORD FORMS IN EFFECT
Want to become licensed, earn a designation, or gain CE, but funds are tight? Apply for an IA&B education scholarship by Dec. 1, 2020.
Be certain your agency is using the most current ACORD forms. Effective September 2020, ACORD updated:
IA&B provides over $10,000 in scholarships annually to individuals and member agencies to attend our education courses. Individual scholarships are awarded to those seeking a producer license, CIC designation, and CISR designation. Member agency scholarships are provided for CIC institutes, CISR seminars, and live CE webinars. For more information, go to IABforME.com/scholarships or contact: Melissa Telesha IA&B Marketing Asst 800-998-9644, ext. 104 MelissaT@IABforME.com
MD PROHIBITS WAGEHISTORY INQUIRIES The Maryland Insurance Administration (MIA) this spring released Bulletin No. 20-23 to address complaints about public adjusters' non-compliance and to alert adjusters to a new requirement that takes effect Oct. 1, 2020. Per the bulletin, beginning next month: After entering into a public adjuster contract with an insured, the adjuster receives the funds from the insurer on behalf of the insured, deducts the applicable fee, and disburses the remaining funds to the insured within 15 business days. Insurance.Maryland.gov
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OCTOBER 2020
ACORD 62 US: Insurance Supplement – Offer of Terrorism Coverage Standard Fire Policy ACORD 64 US: Insurance Supplement – Offer of Terrorism Coverage Workers’ Compensation As a reminder, applying updates to your agency management system helps to ensure that you are using the most up-to-date forms, which can be introduced periodically throughout the year. What’s more, updating your agency management system prevents a licensing-agreement violation. It’s a violation to issue prior versions of a superseded ACORD form once a new form has been introduced. This requirement stems from the licensing agreement between ACORD and your agency management system vendor (AMS, Applied, etc.).
IA&B EDUCATION RECOGNIZED IA&B received two Diamond level 2020 Excellence in Insurance Education Awards. The Big “I” will formally recognize IA&B and present the awards at its LET’s Do This Virtual Summit later this month.
