On Nov. 14, WIS INS issued bulletin on agent appointment renewals.
WIS INS Office of commissioner of insurance (OCI) issued bulletin with instructions regarding company appointments; agent appointment renewal invoices due in 2025.
Agent Appointment Renewal
WIS INS will process all company appointments electronically using National insurance producer registry (NIPR); invoice includes resident/nonresident appointment renewals.
Appointment billings become available, payments may be submitted Jan. 5, 2025.
Appointment invoice, list of agents associated with invoice will be available on NIPR.
NIPR website will show invoice, agent list from Jan. 5, 2025, through Mar. 15, 2025.
Appointment terminations can only be processed for appointments that are shown as active on producer data base (PDB) at time termination transaction is sent to NIPR.
The appointments added on or after Jan. 1, 2025, will be assigned 2025 renewal date.
Appointments assigned a 2025 renewal date will not be included on this year's invoice.
Appointment Process
Companies qualified for OCI exemption from electronic appointment process must set up account with NIPR or authorized business partners to submit their appointments
Agent appointments terminated if company doesn't pay renewal invoice by Mar. 2025
In order to activate terminated appointments, the company will need to reappoint, pay initial appointment fees again; NIPR transaction processing fees are nonrefundable.
By using NIPR's electronic appointment renewals, NIPR invoice will be updated as paid.
Transactions to renew appointment will be forwarded to OCI within 24 business hours.
NIPR website will update to display invoice as paid after payment has been received.
The appointee must hold intermediary (agent) individual license class on PDB.
Intermediary/agent individual license class PDB/PIN codes are 9294/9294.
Deadlines
Agents appear on renewal list unless terminated by 11:59pm CST on Dec. 31, 2024.
The deadline to submit an agent termination is 11:59pm on Dec. 31, 2024.
Per WIS INS, no reconciliation will be allowed on or after Jan. 1, 2025.
Agent appointment renewal invoices must be paid by Mar. 15, 2025.
