Licensing & Appointments

Licensing & Appointments (LNA) automates and standardizes the two-way flow of information needed to manage producer information between insurance carriers and distributors, eliminating paper and simplifying data exchange.

LNA provides a streamlined and cost-effective means for the insurance market to exchange producer data. In addition, it affords carriers, distributors and their training vendors the ability to share producer training completions information amongst each other. This feature helps manage NAIC Suitability in Annuities model regulation for producer training.

• WHO CAN USE THE SERVICE

  Licensing & Appointments (LNA) is available to firms that are members of DTCC’s National Securities Clearing Corporation (NSCC). Click here for information on how to become a member of NSCC.

• HOW TO USE THE SERVICE

  • Using either a traditional secured network connection or via the Access platform, participating distributors and carriers can exchange producer license, appointment and training information to effectively manage their producers.
  • Licensing and Appointment (LNA): Automates the two-way flow of standardized information needed to manage producer information between carriers, distributors and training vendors, eliminating paper and simplifying data exchange.
  • LNA Access: Gives distributors and carriers access capabilities in the full LNA Service and works as an online data entry request and confirmation reporting tool.
  • For more information on the LNA Access platform, please view this demo.

• BENEFITS

  With LNA, clients can:

  • Mitigate the potential for unauthorized sales by reconciling distributors’ and carriers’ records for licenses, appointments and training completions.
  • 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.
  • Use LNA Access®, a web-based / standalone tool with no additional cost, to enter required data for appointment requests and appointment terminations, producer terminations, address changes, producer ID changes, license confirmations, and training completions.

• For More Information

  Please email us at WMSConnect@dtcc.com or fill out a contact us form.