We ve seen a substantial increase in the delinquency of providing current financial surety bond renewals. Late renewals also require our staff to completely re-establish the surety bond information, and is very time consuming. Fax copies are NOT sufficient proof to reinstate your license agency s financial surety. All 2000 license accounts are being audited at this time. At the close of every license year, it becomes obvious that some agents do not keep license monies separate and apart from other monies of the business.
Agents continue to be canceled for non-compliance, failure to timely report and remit.
If your agency received any corrected 108R s, these should have been handled with the next month s reporting, both overages and shortages. If all of this is done properly and timely, as required, and all licenses accounted for, your year-end balance should be at zero. It is very imperative your accounts are kept current. Sales reports are due in our office no later than the 15 th of every month. Please allow ample time for mail delivery.