Monthly Archives: January 2022

Health Insurance Compensation Disclosure Guidance, Sample Form Available

​Guidance to help agents and brokers comply with a new federal law requiring disclosure of health insurance compensation is now available from the Big "I" and the federal government. The requirement took effect late last month.Section 202 of the December 2020 omnibus government funding legislation signed into law by former President Donald Trump included new compensation disclosure requirements for health insurance agents and brokers. The requirements took effect on Dec. 27, 2021.After the requirements took effect last week, the Department of Labor (DOL) released Field Assistance Bulletin No. 2021-03, which provides further guidance and announces the DOL's temporary enforcement policy for group health plan service…

Continue ReadingHealth Insurance Compensation Disclosure Guidance, Sample Form Available

NY Cybersecurity Filing Requirements, 2022

Now that the calendar has turned the page and left 2021 in the rearview mirror, the window is open for business entities regulated by the New York State Department of Financial Services to submit the annual certification of compliance with the cybersecurity regulation. The requirements have not changed (other than a later deadline) since the regulation first took effect in 2017, but here's a reminder of what does and does not have to be done:Business entities (agencies, brokerages, insurers, banks, credit unions, etc.) must visit the DFS cybersecurity portal and submit the certification on or before April 15, 2022. DFS pushed that deadline back 45…

Continue ReadingNY Cybersecurity Filing Requirements, 2022

3, 2, 1 with Sue Keegan: CE Requirements Update; Pre-licensing; Big I NY’s TikTok

​By Sue Keegan, AIC, MBA, Learning & Development Manager​3 ThingsHappy New Year!Our first Pre-Licensing class of the year kicks off tomorrow.  You can still grab a seat.  2 Ideas1 QuestionForget the resolution questions, I want to know if you became as enamored with TikTok as I did in 2021.  From TikTok made me buy it to BookTok, I am all in.  Did you know that Big I NY has a TikTok – find us @bigin​ewyork.   Let me know your favorite TikTokkers via email at ​skeegan@biginy.org or post in our Community.Source

Continue Reading3, 2, 1 with Sue Keegan: CE Requirements Update; Pre-licensing; Big I NY’s TikTok