I saw this on the Ohio National Email today.
Ohio National will begin to conduct annual background checks on active agents beginning in October 2017. As referenced in the Ohio National Business Practice Guide (Section 2.10 Personal Conduct), agents have a continuing obligation to disclose to the company events and occurrences which affect their personal history disclosure forms, such as criminal charges, foreclosures, liens, etc.
I know captive companies conduct or at least make the agent sign a form saying that there are no changes, this is the first time as an independent I have seen them do it. I got no issues with it, I think it is a good idea to see if any independent agents have something criminal in the background, because it seemed like they only conducted background checks at the initial licensing and nothing after that. Let see if other companies also follow through. One of the unseen side effects of DOL.
Ohio National will begin to conduct annual background checks on active agents beginning in October 2017. As referenced in the Ohio National Business Practice Guide (Section 2.10 Personal Conduct), agents have a continuing obligation to disclose to the company events and occurrences which affect their personal history disclosure forms, such as criminal charges, foreclosures, liens, etc.
I know captive companies conduct or at least make the agent sign a form saying that there are no changes, this is the first time as an independent I have seen them do it. I got no issues with it, I think it is a good idea to see if any independent agents have something criminal in the background, because it seemed like they only conducted background checks at the initial licensing and nothing after that. Let see if other companies also follow through. One of the unseen side effects of DOL.