Question: My home state has not adopted the New NAIC Model for Annuity Suitability and I am a nonresident producer that has adopted it. Do I have to meet the new training requirement? Answer: Yes, you do. If you completed the old 4 hour course on Annuity Suitability, you have 6 months from the effective …
215 ILCS 5/224 (I) “Interest shall accrue on the proceeds payable because of the death of the insured, from date of death at the rate of 9% on the total amount payable or the face amount if payments are to be made in installments until the total payment or first installment is paid unless payment …
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 …
Question: I am a broker for a viatical company live in a state that requires no viatical training, am a required to complete the viatical training where is mandated? Answer: Each state has the right to require all producers to do that state’s required training. If the home state of the producer has the same …
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.
Yes, there is. This is a website that will help https://eapps.naic.org/life-policy-locator/#/acknowledgment
Yes, there is. This is a website that will help https://insurance.illinois.gov/Applications/LifePolicyLocator/ or call the Illinois Dept of Insurance at 217 782-4515.
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.
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.
Original license applications and renewals can be done at the National Insurance Producer Register. Insurance license are issued for a two year period and expire on the last day of the producer’s birth month. There is a $5.00 processing fee. Insurance producer & Limited Lines licenses fees are $215.00* To re-instate a expired license, the …
