Understand how EFT and Sircon function in different states
What is an NIPR EFT Account?
An NIPR Electronic Funds Transfer (EFT) account enables a customer to submit NIPR Gateway transactions via AgentSync Manage. The customer will work with the AgentSync Professional Services or Customer Experience Teams to set up their EFT account with NIPR. Once set up, payments for transactions submitted in Manage can automatically be charged to this account.
How are state fees processed?
NIPR will automatically withdraw the state fees associated with each transaction submitted via Manage / the NIPR Gateway as a lump sum at the end of the business day (appointment, termination, new license, license renewal, etc.). These fees are withdrawn from the bank account associated with the customer’s NIPR EFT account.
Please note that some states invoice the carrier directly for state fees related to appointments submitted via Manage / the NIPR Gateway, instead of withdrawn from the customer’s NIPR EFT account. These transactions will reflect at $0 state fee in Manage, but will be invoiced to the carrier by the state. More on this later in this document.
How are NIPR transaction fees processed?
NIPR charges a separate transaction fee for every submitted transaction. These fees are invoiced and billed monthly. They can be paid with a credit card, bank account, or check.
*Please note that AgentSync does not charge the customer transaction fees. Transactions fees are charged by and paid to NIPR.
What is a Sircon State?
There are a handful of actions that are not supported by the NIPR Gateway, including appointment renewals, affiliations, Continuing Education processes, and more. Some states handle these processes on their own website and others manage these processes directly with Sircon - in these instances, Sircon is acting as the state’s website.
Additionally, some states do not process appointment and termination state fees via a NIPR EFT account. Instead, these state fees will be invoiced directly to the carrier. These states include: ID, NV, NY, PA, SD, UT & VA.
CA, GA, MN, MS, TX, and WY are also considered Sircon states, but they support appointment payments via a customer’s NIPR EFT account. These appointment state fees will be collected as described above.
CO and IN are also considered Sircon States, but they are also Registry States. This means that the state just requires a record of appointments. These do not incur any state or transaction fees.
Transaction Payments with NIPR vs. Sircon States
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Licensing Applications & Renewals |
Carrier Appointments & Terminations |
Carrier Appointment Renewals |
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How Transactions are Processed |
AgentSync Manage supports the following type of licensing transactions:
Please note that some agent types and some LOA’s are not yet supported in Manage. Please see Sandy’s FAQ’s for more information here. |
AgentSync Manage supports new carrier appointments and terminations. Please note that some agent types and some LOA’s are not yet supported in Manage. Please see Sandy’s FAQ’s for more information here. |
Appointment renewals are not supported via the NIPR Gateway. Therefore, they are not supported in Manage. Different states process appointment renewals differently. Click here for more information |
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State Fees |
All state fees for licensing transactions are withdrawn from the customer’s NIPR EFT account. |
Most state fees will be withdrawn via the customer’s NIPR EFT account. Exceptions listed below: Appointment state fees for the following states are invoiced to the carrier.
Registry appointments do not incur a state fee or transaction fee. These states include:
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Dependent on the state’s way of processing appointment renewals (sometimes via invoice, sometimes via Sircon, etc.) |
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NIPR Transaction Fees |
All transaction fees will be invoiced to the customer by NIPR. These can be paid via credit card, ACH or check. |
All transaction fees will be invoiced to the customer by NIPR. These can be paid via credit card, ACH or check. |
Dependent on how the state processes appointment renewals |