How often must insurers renew their agents' certificates of authority?

Insurers must renew their agents' certificates of authority annually to ensure compliance with state regulations and to maintain the standards set forth by the Department of Insurance. This annual renewal process allows for the verification of an agent's continuing education, adherence to ethical guidelines, and current licensure status. The requirement for annual renewal helps to ensure that agents stay updated on changes in laws, regulations, and market practices, which is essential for protecting consumers and maintaining industry integrity. This frequency underscores the importance placed on maintaining qualified and well-informed agents in the insurance industry.