YES, there is. Listed below are the Illinois requirements: An insurance producer who engages in the sale of annuity products shall complete a one-time four- hour credit training course approved by the Department and provided by a Department-approved education provider. 2) Insurance producers who hold a life insurance line of authority after July 31, 2023 […]
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 »
Illinois Department of Insurance has approved taking your Insurance examination: at home, or at your office, or at an approved testing center. Here is the link for at home or office testing: https://home.pearsonvue.com/il/insurance. Information on your options can be founded at http:www.pearsonvue.com NOTE: You need to register for your examination for each line of
Illinois State Insurance Exam on home/your office OR an approved center Read More »
If the Designated Responsible Licensed Producer (DRLP) fails to renew their producer’s license, the insurance regulators will suspend the Business Entity License. Insurers can not pay commissions to suspected Business Entity. In order to protect against that happening make certain the DRLP renews their license early. The other solution is to have 2nd DRLP for
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Any organization or individual can apply for a Business Entity License provided they have named a “Designated Responsible Licensed Producer”. This individual is held responsible for the activities of others working for the Business Entity to insure insurance laws and regulations are followed. When an individual is listed under a Business Entity, that producer can
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The standard continuing education rules adopted by many states is 24 hours every two years including 3 hours of ethics. Illinois requires classroom ethics including webinars taught by an experience licensed producer. Illinois permits an open book testing for self study courses. If hours are earned in a classroom, 50 minutes constitutes an hour and students
How many hours of insurance continuing education is required to renew my license? Read More »
Effective July 1, 2021 Insurance Licenses will expire on the last day of your birth month every other year. Self Study/online CE exams will no longer require a protector. Producers will be required to keep their email current with the KID. Removed 6 month waiting period for retesting. Waiting period of 2 years for testing
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Each month FINRA notifies Insurance Regulators about their actions against register representatives whether they hold an insurance license or not. Insurance producers are required to notify the Insurance Regulators of any violations within 30 days. At the time of a license application or license renewal, producers are required to list all violations by any regularity
Yes, you can receive renewal commissions if insurer paying those commissions allows that practice and the state regulators. Check your contract or call the home office for details of paying renewals to unlicensed individuals. Unlicensed individuals can not offer insurance services (including advise) to the general public. Most states does not allow that practice
Can I receive renewal commissions without having an Illinois insurance license? Read More »
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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