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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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.
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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
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You must be licensed prior to one year of completion of your pre-licensing classes, or passing the state exam. Failure to do so, will result in you completing the pre-licensing classes again. If you wait too long, you will need to complete the pre-licensing and testing requirements again.
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.
In order to pass the Illinois Property Insurance Examination, you must pass Part 1 ( General Product Knowledge) and Part 2 (Illinois Statues and Regulations). Part 1 has 50 questions covering types of policies (25 questions); policy provisions, riders and options (12 questions); insurance terms and other insurance concepts( 14 questions); policy provisions & contract
How many questions are there on the Illinois Property (Fire) Insurance Examination? Read More »
