LNA Access^SM is a non-integrated / standalone online data entry request and confirmation reporting tool that allows distributors to enter pre-defined required data for appointment requests and appointment terminations, producer terminations, address changes, rep ID number changes and license confirmations.

Overview

LNA Access^SM is a non-integrated / standalone online data entry request and confirmation reporting tool that allows distributors to enter pre-defined required data for appointment requests and appointment terminations, producer terminations, address changes, rep ID number changes and license confirmations. This service will include formatted reports for transaction confirmations. Participating distributors will have access to a subset of their Licensing & Appointments (LNA) data through Excel compatible files available via the DTCC WebDirect platform.

Who Can Use This Service

Participating Insurance Services Licensing and Appointments broker/dealers who are seeking to leverage a web-based front end to electronically communicate with their Insurance carrier trading partner(s). Participants must meet NSCC membership requirements. Special Data-Services-Only memberships are also available.

Benefits

With LNA Access^SM, users can:

• Decrease operating costs by reducing redundant manual processes and eliminating paperwork, faxes, and overnight mail.
• Reduce the lead time for obtaining licensing and appointment authorizations, allowing agents to begin selling the same day, depending on various rules and regulations.
• Mitigate the potential for unauthorized sales by reconciling distributors’ and carriers’ records.
• Support STP, giving participants the means to manage appointments from start to finish without manual intervention in many state jurisdictions.
• Standardized method of data entry, reporting and electronic communication.
• Secure confidential data through DTCC’s Securely Managed and Reliable Technology (SMART) network, which provides centralized, end-to-end managed communications for all post-trade clearance and settlement processing.
• Manage LNA Access^SM trading relationships by allowing participating carriers to actively organize who they receive licensing and appointments data from.
• Reporting for the broker/dealer activity and carrier status will be available as delimited files for reconciliation and record keeping.

How the Service Works

Using an Internet connection, participating distributors can send and receive information on licensing and appointments through NSCC, which provides an easier and more efficient method to communicate.

For More Information

Please contact Insurance Services at 1.888.382.2721 or e-mail us at esc@dtcc.com.