fTLD Registry, the organization managing the highly regulated .bank and .insurance top level domains, will change its registrant verification process on the 18th of April 2018. At this moment, verification is started by Symantec as soon as a domain is ordered and with every renewal order (or at least every two years) thereafter.
From the 18th of April, verification will be done by the registry itself, before the domain is ordered. The registrant first will have to visit the registry’s website (either for .bank or .insurance). Based on the provided information (of which an example is available here), the registry will verify the eligibility of the applicant. If the verification succeeds, the registrant will receive a token. This token (a sort of password) allows you to order the domain name at Openprovider. Be careful when ordering the domain: the holder data that you submit in Openprovider must match the data that the registrant submitted to the registry. Applications can be submitted to the registry as from the 11th of April 2018 through the above URLs.
Annually, the registry will ask the domain holder by e-mail to confirm the correctness of the data on file. Any changes can be submitted through Openprovider. When the registrant confirms correctness or updates the domain data, the registry will start the re-verification. The annual verifications will start no earlier than the 1st of May 2018.
Please note that the registry will inform all domain holders about this new process on the 6th of April.