As long as you complete your home state requirements for continuing education and your are currently licensed , you can renew your nonresident license for Missouri at www.nipr.com
You can attend classes or webinars or be an instructor on your line of authority. If you have a life license, any courses list for life will count, property courses would not. Pass a final examination for a textbook course or an online course for your line of authority. We offer both at https://ecuinc.biz/missouri-insurance-continuing-education-courses/
How do complete Continuing Education Requirements in Missouri? Read More »
If you are a Missouri Resident, it depends on your license type. Look at the chart below: Type of license Minimum CE requirement Life and/or health 16 hours every two years, which must include 3 hours of ethics Property/casualty/personal lines 16 hours every two years, which must include 3 hours of ethics Title 8 hours
How many hours of Continuing Education do I need to renew my Missouri Insurance License? Read More »
An easy way is to go to https://nipr.com/help/look-up-your-npn. Background: The insurance regulators saw a need to identify problem producers. In the past, individuals could move from a state where they had problems to a new state and apply for a resident license there. When they got in trouble there, they moved on. National Producer Number
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Primary: The individual named in the policy to receive death benefits if living. The primary beneficiary’s right at the time of the insured’s death and owner’s rights end. Policy owner has the right to change beneficiaries at anytime as long as the beneficiary is not irrevocable. Irrevocable beneficiaries must agree to change. If the irrevocable
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LIMITS 2022 Individual Retirement Accounts (IRA) Traditional or Roth $ 6,000.00 Catch up for IRA $ 1,000.00 Maximum elective deferral contributions (401K, 403B,457) $ 20,500.00 Maximum annual additions under a defined contribution plan ( includes SEP) $ 61,000.00 Maximum catch up contributions (401k. 403b, 457) $ 6,500.00 Maximum salary reduction contribution for a SIMPLE plan
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First step is to contact the Department of Insurance in the state where you bought the policy. They keep track of that information and will know what happened to the original company. It could have been purchased by another company and in that case they can provide the name, address and phone number of the
How do you find a insurance company that is no longer in business? Read More »
During the first 2 years following the date of issue, the insurance company may rescind the coverage for any material misrepresentation regardless of the cause of death. For example, if an applicant fails to disclose on the insurance application that he has diabetes but then dies from a heart attack, the company may rescind the
Rescission of a life policy at insured’s death Read More »
With the exception of Alaska, Delaware, District of Columbia and Puerto Rico, the remaining states have a regulation regarding the payment of interest on delayed claim. When the wording differs from state to state, the idea is to protect the beneficiary from undue claim delays while the insurance company earns interest on that claim money.
Interest due on a delayed life or disability claim Read More »
The beneficiary designation by the husband probably states, “(ex-wife’s name), wife of insured.” While she is no longer married to the insured, the courts have ruled that words such as “wife of the insured” is description of the relationship at the name the spouse was named. The name of the beneficiary itself is controlling. Therefore,
