Licensing

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

Accident Health License, Annuity Producers, Continuing Education, Education, Illinois, Insurance licensing, Licensing / By

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 »

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

Leave a Comment / Annuity Producers, Annuity Training, Arkansas, Delaware, Idaho, Iowa, Licensing, Nebraska, North Dakota, Rhode Island, Virigina / By

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, …

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

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

Arkansas, Colorado, Delaware, Idaho, Illinois, Indiana, Insurance licensing, Iowa, Kansas, Licensing, Life Producers, Louisanna, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, Rhode Island, South Dakota, Uncategorized, Virigina, West Virginia, Wisconsin, Wyoming / By

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 …

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

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

Illinois, Insurance licensing, Licensing / By

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

Required Reporting of Criminal Conviction

Accident Health License, alabama, Annuity Producers, Arkansas, Casualty, Colorado, Delaware, Idaho, Illinois, Indiana, Insurance licensing, Iowa, Kansas, Licensing, Louisanna, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, Rhode Island, South Dakota, Virigina, West Virginia, Wisconsin, Wyoming / By

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 …

Required Reporting of Criminal Conviction Read More »

Renewal Commissions

Accident Health License, Arkansas, Colorado, Idaho, Illinois, Indiana, Insurance licensing, Iowa, Kansas, Licensing, Louisanna, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, Rhode Island, South Dakota, Virigina, West Virginia, Wisconsin / By

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 »

Medicare Advantage Commissions

Accident Health License, alabama, Arkansas, Colorado, Delaware, Idaho, Illinois, Indiana, Insurance licensing, Iowa, Kansas, Licensing, Life Producers, Louisanna, Medicare Advantage, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Dakota, Virigina, West Virginia, Wisconsin, Wyoming / By

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.

Someone with a Personal Lines can sell what?

alabama, Casualty, Colorado, Education, General, Idaho, Illinois, Indiana, Insurance licensing, Iowa, Kansas, Licensing, Louisanna, Mississippi, Missouri, North Carolina, Required Training, South Dakota, Virigina, West Virginia, Wisconsin, Wyoming / By

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 »

GettinG Started

Questions Before You Begin?

If you still have questions, please contact us so we can help.

Click Here To Contact Us
Scroll to Top