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PCRM Broker dramatically reduces the complexity and time it takes to make certain compliance with state regulatory systems is achieved and maintained. PCRM Broker manages internal compliance workflow, files appointments and terminations, tracks continuing education across all states and provides secure linkages to carriers’ internal IT systems and enterprise-level applications.
PCRM Broker Highlights
- Tracks licenses in all 50 states and three jurisdictions
- Electronically submits licenses (NRL , NRR) as well as re-instatements
- Proactively emails notifications for license renewals
- Tracks appointments and terminations
- Associates agents with multiple brokerages/agencies to track management structure and costing
- Tracks designated agents and other affiliations for brokerages/agencies
- Supports relationship between agents and compliance managers, provides ability to notify compliance manager of an agent’s licensing events
- Electronic PDB lookup and option to update profile with PDB
- Offers state rules repository
- Integrates with internal legacy systems
- Configurable to your needs
- Tracks Continuing Education
PCRM Broker Benefits
- Reduces Total Cost of Compliance©
- Avoids state fines and penalties by ensuring and confirming professionals' compliance
- Provides effective management reports and workflow reminders, including PCRM Compliance Dashboard
- Consolidates Licensee information into a single, integrated profile
- Verifies producer information at time of appointment
- Identifies producers who are qualified to sell additional lines
- Tracks state fees for appointments and impact of insurer's business line changes on appointments
- Flags profiles with any disclosure issues
PCRM Broker Features
- Maintains producer license information across all states to verify compliance
- Manages appointments and terminations across all US States for insurer group companies
- Tracks appointment and termination requests to carriers and generates documents in carrier-specific formats applicable to different states
- Creates appointments automatically on approval
- Tracks renewals and continuing education for all or selected lines (e.g. flood)
- Sends notifications to producers for timely actions
- Electronically submits original, renewal, line addition and re-instatement applications for producers
- Applies state-specific rules through PCRM Compliance Rule Repository
- Records disciplinary information against producers
- SOA-based architecture integrates with existing systems
Handling Appointments
- Brokers can request appointments online or with hard-copy forms in carrier-specific formats applicable to different states
- Tracks appointment and termination requests to carriers
- Allows to search requests and print documents for mailing to carriers (where applicable)
- Creates appointments automatically with the producer on approval
- System sends action notification to applicant
- Allows to maintain pre-existing appointments with each producer
Online Functions
- Gives administrative control to compliance manager to create and share online user ID to producers
- Has option to provide online interface to agents to update demographic and license information
- Ability to track and view licensing profile as well as option to provide update access on select information
- Consolidates and tracks carrier relationships in one location
- Option to submit original and renewal applications electronically to states
- Makes continuing education available through a Web browser-accessible training portal
Online Continuing Education Courses
- Tracks agent's continuing education requirements on state-by-state basis
- Can provide online producer/employee training portal
- Rhoads Online Institute, a licensed provider, offers content, including custom course development
- Content Migration Services move client's classroom-based content online
- Electronically submits of course completion to appropriate states
Supports single or multiple providers for all CE requirements regardless of resident state
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