Press Releases - March 29, 2017
Trims $40,000 in Processing Costs
Commissioner Katharine L. Wade today announced that licensing renewal notices for casualty adjusters and motor vehicle property damage appraisers are now done online, saving nearly $40,000 in processing and mailing costs.
“We are pleased to offer another efficient service for the industry professionals licensed by the Department,” Commissioner Wade said. “The Department is now emailing renewal notices to the 73,000 casualty adjusters and motor vehicle property damage appraisers in Connecticut beginning this week, improving efficiency by saving time and shedding thousands of dollars in mailing and postage costs.”
These licenses expire on June 30, 2017 and are good for two years. The renewals also are now processed online through the National Insurance Producer Registry (NIPR). The casualty adjuster renewals are expect to generate approximately $6 million for the General Fund. For more information on the renewal process, visit the Casualty Adjuster Renewal page.
Commissioner Wade noted that the electronic notices are one of several streamlined processes the CID has implemented in the last two years:
- Turnaround time for product reviews in both Life & Health and Property & Casualty have greatly improved as a result of the CID’s LEAN processes.
- A new online pay portal for the nearly 200,000 agents, adjusters and bail bondsmen, licensed by the CID, was launched in 2016 to make it easier for licensees and improve the speed of revenue collection for the General Fund.
- The CID is now offering an online electronic application for all out-of-state (foreign) carriers seeking to do business in Connecticut through the Uniform Certificate of Authority Application. This includes applications for expansion and corporate amendments.
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