| Website Map/Quick Links |
|
| State-specific Solutions |
The pre-licensing texts we develop are State specific. They are not industry generic texts developed in large quantities for multi-state use. All law and regulatory information is included in each text. Our text and course developers are experienced insurance professionals, educators and trainers with more than 100 years of collective experience.
|
| |
|
Insurance Pre-Licensing Questions & Answers
Q What does LAH mean?
A LAH is short for Life, Accident and Health Insurance
Q What does a LAH license allow a producer to do?
A Passing the LAH state examination (and completing a state approved pre-licensing course, if required by your state) allows a person to sell Life, Accident and Health insurance products to residents of the state in which he/she is licensed. This would include whole life, term life, credit life and fixed annuities. A person can also sell disability income policies, accident policies, medical expense insurance, major medical policies, long-term care plans, Medicare supplement polices and credit health insurance. Variable annuities can only be sold if the person also acquires the necessary securities registration, i.e., Series 6 or Series 7.
Q What does P&C mean?
A P&C is short for Property and Casualty Insurance
Q What does the P&C license allow a producer to do?
A Passing the P&C state examination (and completing a pre-licensing course if required by your state) allows a person to sell homeowners and automobile insurance, commercial property liability policies and PrePaid Legal Services.
Q Do individuals need a sponsor to sit for the exam?
A No, but it is recommended that all candidates have a sponsoring company licensed to do business in your state.
Q How do individuals schedule their state exams?
A Experior states can go to: www.experioronline.com
Promissor states can go to: www.promissor.com
Q How do I obtain a license?
A First complete the pre-licensing education requirements, if any. Next, pass the state examination. Fill out the appropriate license application and submit with appropriate fee to your state Department of Insurance.
Q If I already have an insurance license in another state and apply for one in my new resident state, do I need to complete any pre-licensing education or examination?
A In most cases, No. This exemption applies only to persons currently licensed in one state and who is moving to another. If the application for a new resident licensed in the new state is received within 90 days after the cancellation of the applicant’s previous resident license, no new exam need be taken.
Q Can I sell insurance in another state after I get my license in my home/resident state?
A You can only sell insurance in your resident state. To be able to sell in another state you must secure a non-resident license. In order to receive this type of license, you simply complete a non-resident application, pay a fee to the non-resident state, and show proof of a current license in good standing. Check with your state insurance department where you wish to secure the non-resident license.
Q If I get the license and later move to another state, can I transfer my license?
A No. You must surrender your resident license and apply for a resident license with the state into which you have just moved. In some states you have to take the law portion of the state exam. In others there is no exam requirement if your paperwork is filed within 90 days of moving to the new state. Check with the Insurance Ddepartment of the new state for specific details.
Q Will I be sent the insurance license after I submit all the required paperwork?
A If you are being sponsored by an insurer, the license is usually sent to the sponsoring insurer. If you are getting licensed as an independent producer, the license is usually send to the holder.
Q How long will it take for me to receive the license once all the paperwork is submitted to the insurance department?
A Is usually takes about 3 to 5 weeks. But check with your insurance department to find out the specific time frame.
|
|
|
