NEWS & NOTES

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

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.

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

REVISED ACORD FORMS IN EFFECT

Be certain your agency is using the most current ACORD forms. Effective September 2020, ACORD updated:

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.

OPEN SEMCI

Single-entry, multiple-company interface (SEMCI) is like magic!

Acuity, long recognized as a leader in agency interface technology, is committed to supporting SEMCI in commercial lines. SEMCI drives efficiency in the quote and application process and allows you to choose how you want to do business with Acuity. Acuity currently partners with several of the leading commercial lines insurtechs. We are building, exploring partnerships, or expanding with numerous other independent agency technology solutions. And Acuity is on the forefront of integration technology, continually building the connections necessary to be ready to connect to new insurtechs as they emerge.