Licensing

How do complete Continuing Education Requirements in Missouri?

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/   

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How many hours of Continuing Education do I need to renew my Missouri Insurance License?

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

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Finding Your National Producer Number (NPN)

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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Business Entity License

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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How many hours of insurance continuing education is required to renew my license?

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

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How am I affected by the new annuity suitability and best interest requirements?

National Association of Insurance Commissioners (NAIC) issued a new model law #275  Annuity Suitability & Best Interest in 2020 to address problems in the old law.  For new producers wanting to sell annuities, there is a 4-hour required course to complete and training on the insurance company’s annuities prior to selling annuities.  For seasoned producers,

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If a register representative is fined by FINRA, is the requirement to notify my home state Insurance Regulators?

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

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Can I receive renewal commissions without having an Illinois insurance license?

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

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