Tuesday, December 3, 2019

Make Your Business Count for 2019

All of our carriers have established a final day to receive requirements for 2019 production credit (paid as 2019 income). All initial premium and final requirements must be received in the carrier's home office by these deadlines to be included in 1099 MISC for 2019. View Calendar

Regulatory Changes Coming
Effective January 1, 2020, all life products sold must be compliant with Principle Based Reserving (PBR), and the 2017 Commissioners Standard Ordinary (CSO) Table. All non-compliant life products must be placed inforce prior to December 31, 2019.

Make sure you know what you are selling - Many carriers have already made the regulatory changes to their products. Some carrier's products, meeting these regulations, won't be available until the new year. 


Contact MVP if you are not sure, because no exceptions can be made after the carrier's deadline has passed. 

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