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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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Update 1-Hour Webinar on Annuity Suitability & Best Interest

For those that completed the prior Annuity Suitability  4-hour course, you have the opportunity to complete 1 hour update on the changes in the law.   They are required to complete their insurer’s training on their annuity products. Here are the states where the 1-hour webinar is currently available the date that it expires: Alabama** 1 …

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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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I want to sell Long Term Care Insurance, do I need a special license?

Producers with a Accident & Health licenses can sell Long Term Care insurance or riders after completing the initial eight hour course on Long Term Care Partnership.  Once that course is completed, you must complete a four hour Long Term Care course in your next renewal cycle.  An example,  you completed your required eight hour …

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What are the coverage limits under the state guaranty fund in case an life insurer files for bankruptcy?

Each state sets the amount of coverage provided by their guaranty association and the amounts differs from state to state. The majority of the states followed the lead of specified in the National Association of Insurance Commissioners’ (NAIC) Life and Health Insurance Guaranty Association Model Law: $300,000 in life insurance death benefits $100,000 in net cash surrender or withdrawal values for …

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