Following recent controversies, Zenefits built internal software to automatically verify the licensing status for brokers and block accounts from being assigned to a broker who does not hold a valid license in the correct state. The company says it has been using the system successfully since January. Zenefits is now making the application available for free to all insurance brokerage firms nationwide.
The San Francisco-based company says it has been using the system with success since January, but it's now making the application available for free to all insurance brokerage firms nationwide. Zenefits is hoping that a new comprehensive licensing controls application will help avoid future claims that the company has unlicensed brokers selling insurance. In a nutshell, Zenefits built software controls into its sales system that automatically verify licensing status and block accounts from being assigned to a broker who does not hold a valid insurance license in the correct state. The app also helps manage license renewals and prevents brokers from transacting until their renewal is processed. The San Francisco-based company says it has been using the system with success since January, but it's now making the application available for free to all insurance brokerage firms nationwide.
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