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On Our Mind: Time to Embrace the New Normal

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By Sue Keegan, AIC, MBA, Learning & Development Coordinator​​What can we do right now to shift our mindset, to accept that the old norm is gone?  What's our new norm going to look like?  I certainly never envisioned myself working out of my basement but here I am, and while I'm down here I might as well make the best of it.  We can't do things the same old way we used to do them because that's not going to work. So, what's something you can do today to help your agency transition to the “new normal?"  May I suggest overhauling your website?   Include pictures of…

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DFS Extends License Expiration Suspension Through September 6th

The NYS Department of Financial Services has again extended the suspension of the expiration of individual producer licenses for an additional 30 days, through September 6, 2020.  At the end of this 30-day period, all licenses that would have expired between March 25, 2020 and September 6, 2020 will automatically expire on September 7, 2020, unless the producer completes all necessary continuing education credits, and submits a license renewal application, before September 7, 2020.​The Department has also extended the suspension of the requirement that a monitor be present to complete producer continuing education and pre-licensing course exams online for an additional 90 days, through November 5, 2020.​​​Source

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New Connecticut Data Security Law To Impact Insurance Agencies

​​A new Connecticut law will require many insurance agencies to implement cybersecurity programs. The requirements take effect in less than two months.The Insurance Data Security Law requires Connecticut licensees to develop, implement and maintain a comprehensive written information security program based on a risk assessment. The programs must include the administrative, technical and physical safeguards for protecting their information systems and the nonpublic information stored in them. The deadline for implementing the program is October 1, 2020. The program must be commensurate with:The size and complexity of the licensee The nature and scope of the licensee's activities, including, but not limited to, the licensee's use…

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