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 […]
Licensed Producer Moving into a New State Read More »
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
Renewal Commissions Read More »
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 »
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 »
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 »
No the State of Illinois does not offer a payment or financial plan. For example: If the individual in question had their license expired a year ago in September, the individual failed to complete the C.E. requirements, did not have the money to pay the license renewal amount and therefore failed to renew license they
Does the State of Illinois offer a finance plan for renewal license fee? Read More »
If the policy was written in the State of Illinois then an individual can contact the Illinois Department of Insurance. You can also call our office and speak to the owner Tom Ripperda if you have any questions as it relates to a lost insurance policy.
How to locate a lost Illinois Insurance policy. Read More »
You must wait 3 days to retake the examination. Since you failed Part 1 (general), you will only need to take Part 1 again. You have 90 days from the original examination date to pass the part that you failed. Past 90 days, you must take both Part 1 & Part 2.
You must wait 3 days to retake the examination. Since you failed Part 1 (general), you will only need to take Part 1 again. You have 90 days from the original examination date to pass the part that you failed. Past 90 days, you must take both Part 1 & Part 2.
You must wait 3 days to retake the examination. Since you failed Part 2 (laws), you will only need to take Part 2 again. You have 90 days from the original examination date to pass the part that you failed. Past 90 days, you must take both Part 1 & Part 2.
