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.
Upside Easy Entry into the career. Companies offer training before you start offering insurance services and products. State laws require licensing. In some states, like Illinois, require in person or webinar training for a set number of hours. Strong Earning Potential: Your income is based on your ability to develop relationship with insurance buyers. The
At Least 1.7M Americans Use Health Sharing Arrangements, Despite Lack of Protections byline: Markian Hawryluk , June 14, 2023 Reprinted with permission A new report has provided the first national count of Americans who rely on health care sharing plans — arrangements through which people agree to pay one another’s medical bills — and the
I am a Missouri licensed life producer and I want to sell annuities in Illinois, what do I have to do?
First, you must apply to Illinois for a nonresident license using. www.nipr.com Second, you must complete the 4-hour course on Annuity Suitability & Best Interest that is required of Illinois resident producers.
I just got licensed for life insurance and want to sell annuities, is there special training required?
YES, there is. Listed below are the Illinois requirements: An insurance producer who engages in the sale of annuity products shall complete a one-time four- hour credit training course approved by the Department and provided by a Department-approved education provider. 2) Insurance producers who hold a life insurance line of authority after July 31, 2023
Yes, you will have to complete a 1-hour webinar course to updated you on the changes under new regulation or 2. complete a new 4-hour course covering the new disclosure requirements. We have both on our website.
. An insurance producer who completed an annuity training course approved by the Department before August 1, 2023 shall, by February 1, 2024, complete either: A) A new four-credit training course approved by the Department that covers the required topics of subsection (b)(4); or B) An additional one-time one-credit training course approved by the Department
Illinois requires a letter of clearance from the home state of the producer as part of their requirements. Producers do not have to first become non-resident producers in Illinois to apply for a resident license. There is a paper application and a licensing fee of $215 required. Another requirement is the completion of Annuity Suitability
In April of 2022, the House of Representatives passed the Secure Act 2.0 and it is now with the Senate. The Senate has two similar bills that address these issues. With the high vote in the house for Secure Act 2.0, it is expected some form of this bill will passed by the senate and
As of January 1, 2022, consumers have new billing protections when getting emergency care, non-emergency care from out-of-network providers at in-network facilities, and air ambulance services from out-of-network providers. Through new rules aimed to protect consumers, excessive out-of-pocket costs are restricted, and emergency services must continue to be covered without any prior authorization, and regardless