Missouri Dept of Commerce & Insurance has approved our 4 hour Annuity Suitability and Best Interest self study course, effective 8-31-2024.
Annuity Suitability and Best Interest self study course in Missouri Read More »
Beginning February 16, 2021, the provisions of the DOL’s new Fiduciary Rule became effective, including the expanded definition of fiduciary and Impartial Conduct Standards under new and amended prohibited transaction exemptions. The DOL provided a non-enforcement grace period that will expire on February 1, 2022. This Rule represents the most significant change to retirement investment
Department of Labor (DOL) Fiduciary Rule and Impartial Conduct Standards (PTE84-24) Read More »
No. When the policyowner names their estate as beneficiary, it opens the doors for creditors to make a claim on the proceeds. All estates go through a legal process called probate. The courts appoints an administrator or executor for the estate after an attorney files the paperwork. The executor is responsible for gathering assets and
Almost all states have statues dealing with this issue. In each state, the requirement is for the company to pay claims promptly (within 30 days) once their liability is clear. Interest rates vary from state to state. A common issue found in market conduct examination by the state regulators is lack of notice of the
Are insureds entitled to interest on delayed claims? Read More »
As long as you complete your home state requirements for continuing education and your are currently licensed , you can renew your nonresident license for Missouri at www.nipr.com
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/
How do complete Continuing Education Requirements in Missouri? Read More »
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
How many hours of Continuing Education do I need to renew my Missouri Insurance License? Read More »
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
Finding Your National Producer Number (NPN) Read More »
Primary: The individual named in the policy to receive death benefits if living. The primary beneficiary’s right at the time of the insured’s death and owner’s rights end. Policy owner has the right to change beneficiaries at anytime as long as the beneficiary is not irrevocable. Irrevocable beneficiaries must agree to change. If the irrevocable
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First step is to contact the Department of Insurance in the state where you bought the policy. They keep track of that information and will know what happened to the original company. It could have been purchased by another company and in that case they can provide the name, address and phone number of the
How do you find a insurance company that is no longer in business? Read More »
