Question: I am turning 70 this year and a resident of Kansas, do I have to pay a renewal fee? 2nd question: Do I have to complete the continuing education requirements? Answers: As long as you renew before your license expires, you will not pay a fee. If you allow your license to lapse, […]
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Producers are required to report criminal convictions to their state insurance regulators within 30 days. It would be wise to provide all the facts and court order for the insurance regulators to review. Failure to report convictions withing 30 days, would suggest to regulators that the producer is dishonest and would automatically revoke the insurance
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Question: I am a broker for a viatical company live in a state that requires no viatical training, am a required to complete the viatical training where is mandated? Answer: Each state has the right to require all producers to do that state’s required training. If the home state of the producer has the same
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Question: I am a licensed producer in Missouri only and moved to Illinois, do I have to take the Illinois insurance exam? Answer: Provided that you are in good standing (no pending complaints or hearings) with the Missouri Department of Insurance, you can make an application for an insurance license in Illinois and pay the
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Can I drop my insurance license and continue to receive renewal commissions? Answer: As a general rule for most states, you must be licensed to receive any commissions new or renewals. Even if you do keep your license in force, some companies require some level of sales for you to continue receiving commissions. Check with
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Question: I am no longer selling Medicare Advantage plans, can I receive my renewal commissions without doing the training? Answer: According to Medicare regulations, you must complete the annual training and score 90% or better on the final examination in order to continue getting renewals commissions.
Medicare Advantage Commissions Read More »
Yes, there is. This is a website that will help https://eapps.naic.org/life-policy-locator/#/acknowledgment
Is there a way to search for written life insurance policies in any State? Read More »
If you are selling Hospital Indemnity products and Telemedicine you do need to have an Accident and Health license.
What do I need to sell Hospital Indemnity & Telemedicine policies? Read More »
Yes, there is. This is a website that will help https://insurance.illinois.gov/Applications/LifePolicyLocator/ or call the Illinois Dept of Insurance at 217 782-4515.
This type of line means the individual can sell only personal homeowners, renters, boat insurance, motor cycle, recreational vehicles and auto policies. The individual cannot sell or insure farm, commercial or business policies. To be able to sell farm, commercial or business policies the individual must acquire their Property/ Casualty license. An example: Joe wants
Someone with a Personal Lines can sell what? Read More »
