Changes

ABA and BITS confirmed their application for the .insurance and [[.bank]] TLDs in a press statement released on May 31, 2012. [[Craig Schwartz]],  head of operations for Financial TLD Initiative, said that the partnership aims to "provide the highest security for the millions of customers conducting banking and insurance activities online and to ensure the safety and soundness of the industry." ABA & BITS applications for both domain name strings are supported by a number of financial services organizations including  the Australian Bankers’ Association, American Bankers Insurance Association, British Bankers’ Association, European Banking Federation, Independent Community Bankers of America and the the International Banking Federation.<ref>[http://www.bits.org/publications/pr/BITSandABADomainRelease053112.pdf ABA and The Financial Services Roundtable Apply for Financial Domains to Protect Consumers]</ref> The partnership formed the [[fTLD Registry Services, LLC]] to manage and operate .insurance and .bank domain name space.<ref>[http://www.bits.org/initiatives/fTLD.php Financial Top Level Domain Initiative]</ref>

ABA and BITS confirmed their application for the .insurance and [[.bank]] TLDs in a press statement released on May 31, 2012. [[Craig Schwartz]],  head of operations for Financial TLD Initiative, said that the partnership aims to "provide the highest security for the millions of customers conducting banking and insurance activities online and to ensure the safety and soundness of the industry." ABA & BITS applications for both domain name strings are supported by a number of financial services organizations including  the Australian Bankers’ Association, American Bankers Insurance Association, British Bankers’ Association, European Banking Federation, Independent Community Bankers of America and the the International Banking Federation.<ref>[http://www.bits.org/publications/pr/BITSandABADomainRelease053112.pdf ABA and The Financial Services Roundtable Apply for Financial Domains to Protect Consumers]</ref> The partnership formed the [[fTLD Registry Services, LLC]] to manage and operate .insurance and .bank domain name space.<ref>[http://www.bits.org/initiatives/fTLD.php Financial Top Level Domain Initiative]</ref>

Its application is a [[Community TLD|Community Priority Application. "The .insurance gTLD will be operated by FRS on behalf of the U.S. insurance industry. This includes 3,750 companies (according to a 2010 report by the National Association of Insurance Commissioners) and 2,250,000 agents and brokers (according to a 2010 report by the National Insurance Producer Registry). It also includes over 233 state insurance associations and 52 other types of insurance-related associations. As of April 10, 2012, endorsers of the FRS .insurance initiative include the American Bankers Insurance Association, The Allstate Corporation, Nationwide, Prudential Financial, Inc., and State Farm Insurance Companies."

Its application is a [[Community TLD|Community Priority Application. "The .insurance gTLD will be operated by FRS on behalf of the U.S. insurance industry. This includes 3,750 companies (according to a 2010 report by the National Association of Insurance Commissioners) and 2,250,000 agents and brokers (according to a 2010 report by the National Insurance Producer Registry). It also includes over 233 state insurance associations and 52 other types of insurance-related associations. As of April 10, 2012, endorsers of the FRS .insurance initiative include the American Bankers Insurance Association, The Allstate Corporation, Nationwide, Prudential Financial, Inc., [https://www.nextinsurance.co.ke/car-insurance Next Car Insurance Kenya] and State Farm Insurance Companies."

Registration will include the submission of information to be used to verify standing as an insurance company (referral to the regulatory authority issuing its charter), or mission statements, brokerage license numbers, or association members for those members of the community that are not themselves insurance companies. "Domain names that pass the vetting process will enter a 5-day Add Grace Period (AGP), or Pending Create, before becoming valid. Applicants whose domain name fails the vetting process will be notified with reasons for denial and procedures for appeal. Any applicant who is rejected for any reason can appeal the decision to FRS." All initial registrations must be made to correspond to valid trademarks, trade names, or service marks. Generic terms will be set aside to be used by FRS or to be sold at a date post-launch.<ref>Application 1-1035-75923</ref>

Registration will include the submission of information to be used to verify standing as an insurance company (referral to the regulatory authority issuing its charter), or mission statements, brokerage license numbers, or association members for those members of the community that are not themselves insurance companies. "Domain names that pass the vetting process will enter a 5-day Add Grace Period (AGP), or Pending Create, before becoming valid. Applicants whose domain name fails the vetting process will be notified with reasons for denial and procedures for appeal. Any applicant who is rejected for any reason can appeal the decision to FRS." All initial registrations must be made to correspond to valid trademarks, trade names, or service marks. Generic terms will be set aside to be used by FRS or to be sold at a date post-launch.<ref>Application 1-1035-75923</ref>

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[[Category:TLD]]

[[Category:TLD]]

[[Category:Industry New gTLDs|insurance]]

[[Category:Industry New gTLDs|insurance]]