Effective starting August 18, 2021, all licensed producers will receive a new exhibit to their contract, Exhibit 4: Product Authorization. This exhibit will list the states where the producer is considered to be contracted to sell with Humana.
As stated above, Exhibit 4 will list the states where a producer is considered contracted, including any non-appointment state and any state for which an active appointment exists. Renewal commissions are not impacted, they will continue to pay in accordance with applicable laws.
A new exhibit will be triggered when a producer:
- No longer has any active appointments in a state (the state will be removed)
- Has a state license that term (the state will be removed)
- Has a new non-appointment state that is added to their record (the state will be added)
- Is first appointed in a state (Note – subsequent appointments in a specific state do not generate a new exhibit)
This exhibit does not impact a producer’s ability to sell in any state where they are properly licensed. As long as they are properly licensed in the state where they are selling and maintain an active producer contract, Humana will automatically re-appoint the producer for the specific legal entity that is necessary.
Contact your Cornerstone representative with any questions.