Illinois Required Viatical Training for Brokers

Residents To obtain  your  broker’s license you must have been licensed as a life insurance producer for at least 12 months.  If you are a resident life insurance producer  and have been licensed for 12 months, this permits you to apply for a Viatical Settlement Brokers license by completing following steps: Complete a one-time training requirement of four …

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Required Flood Insurance Training

The Flood Insurance Reform Act of 2004, Section 207 includes a one-time three hour continuing education requirement for those producers working with  the National Flood Insurance Program (NFIP).  This three hour course test the knowledge and understanding of flood insurance by licensed producers. Each state has adopted this requirement into their insurance regulations and is include with other …

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Annuity Suitability Training

Under the National Association of Insurance Commissioners (NAIC) Model Laws on Annuity Suitability, there are two training requirements.  First, insurers are required to train their producers on their products.  It mandates insurers properly supervise their producers and check on the suitability of the product to meet the needs of the client.  Insurers are also required …

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Iowa Index Product Training

Iowa requires those producers wanting to sell any index insurance products to complete a one time index product course with at least four credits before presenting or selling index life or annuity policies.  This requirement applies to resident and nonresident insurance producers. You can review this requirement at the Iowa Division of Insurance . Chapter 15, page 1, …

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What does it take to becoming a licensed insurance agent/producer in Illinois?

Here are the steps to get your insurance license: Complete 20 hours of pre licensing training with 7 1/2 hours being in a classroom for each line of authority ( Life, Accident, Casualty & Fire (property)) with an Illinois approved pre-licensing provider Schedule and pass the state proctored examination.  You schedule your examination with pearsonvue. The …

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