X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Depository Trust & Clearing Corporation (DTCC) has introduced an online tool that enhances usage of Licensing & Appointments (LNA), one of the core automation solutions from its Insurance & Retirement Services business unit. LNA Access makes agent licensing and appointment information available at lower cost to insurance carriers and distributors that market 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, removing the need for manual intervention by the carrier.”Distributors and carriers that use the fully integrated LNA system have reduced their operational costs and risks associated with manual practices (copy, fax, and phone), thanks to electronic, paper-free processing of producer requests, streamlined data exchange, same-day turnaround, and synchronized producer records,” says Lana Macumber, DTCC director, strategy and business development. “LNA Access expands the reach of this solution by bringing its benefits to distributors who may choose not to develop the fully integrated system.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.