New York – The Depository Trust & Clearing Corp. (DTCC) launched a new online tool that enhances usage of licensing & appointments (LNA)—one of the core automation solutions from its Insurance & Retirement Services business unit. LNA Access is designed to make accurate agent licensing and appointment information more easily available at lower cost to insurance carriers and distributors (broker/dealers, agents and other representatives) who market insurance products.
Since insurance is regulated at the state level, each state has different licensing regulations for agents appointed by carriers to sell insurance products. The LNA solution, launched in 2001, automates and standardizes the two-way flow of agent information between carriers and distributors related to state licensing and appointment requirements. LNA Access allows distributors to manage appointments from start to finish in one application directly online, almost entirely removing the need for manual intervention by the carrier.
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