One size does not fit all when it comes to the way in which an LLC can be taxed. This is because LLC’s can be classified into any one of the following 4 tax regimes: The Key characteristics of each of these tax regimes are outlined below. Disregarded Entity The default classification for…
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Purpose This bulletin provides guidance to Oregon-based professional liability insurance producers regarding errors and omissions insurance coverage required for state investment advisors under Oregon Revised Statute (ORS) 59.175(5). In order to meet the requirements, policies may not exclude investment advice or other management services performed by the investment advisor. Authority ORS 59.175 ORS 746.075 OAR…
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RECENT CHANGES TO 3 AAC 23.208(9), 3 AAC 26.770, 3 AAC 26.775, 3 AAC 26.778, FOR CONTINUING EDUCATION REQUIREMENTS AND DISCLOSURES FOR ANNUITY TRANSACTIONS: The division recently promulgated regulations to update continuing education requirements and disclosures for annuity products in compliance with national standards. As this was adopted from NAIC Model Regulation #275, twenty-seven states…
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Starting January 1, 2023, a new law will require most types of insurance producers, as well as independent insurance adjusters, public insurance adjusters, and analysts, to include their license number on emails. (California Insurance Code section 1725.5, as amended by Senate Bill 1242 [Committee on Insurance, Chapter 424, Statutes of 2022]) This Notice answers some…
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The Securities Industry/Regulatory Council on Continuing Education (CE Council) has created this playbook to help firms and securities professionals prepare for and take full advantage of changes to the Securities Industry Continuing Education (CE) Program. Some of the changes have already gone into effect as of March 15, 2022. This playbook is a living document…
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Emergency Order: All Insurers, HMOS, Premium Finance Companies, Surplus Lines and other entitites regulated by the Office of Insurance Regulation. THIS CAUSE having come before Commission of the Office of Insurance Regulation as a result of the state of emergencies created by Hurricane Nicole and Hurricane Ian, and being fully informed in the premises.
The Wisconsin Office of the Commissioner of Insurance (OCI) will process all company appointments electronically through the National Insurance Producer Registry (NIPR). The appointment renewal invoice will include all resident/nonresident appointment renewals. All agents will appear on the renewal list unless the agent was terminated by 11:59 p.m. CST on December 31, 2022. DATES &…
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The Insurance Licensing Branch is currently transitioning to SBS. Once SBS is implemented and functional, all licenses and registrations submissions must be done online via NAIC’s National Insurance Producer Registry (NIPR). The scheduled implementation date is November 15, 2022. Beginning November 16, 2022, the following must be submitted online via NIPR: all Hawaii individual and…
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Ryan has joined the 3H Corporate Services and Creative Compliance team as Sales Director, and in so doing brings with him over 20 years of sales and customer relation experience to the group. Ryan graduated with a degree in International Business and Marketing from Quinnipiac University. He currently resides in Latham with his wife, Jen, and 3 children. Ryan’s career path…
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3H Corporate Services LLC has been providing legal, corporate, tax and insurance licensing services to the insurance industry since 2003. During that time, 3H has established itself as an industry leader in the insurance regulatory compliance space. The software 3H was using for their licensing management services was inefficient and the system features were too fragmented…
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