Weekend Images Inc. / Getty Images An independent insurance agent acts as an intermediary between you and multiple insurance companies. Independent agents have been around since the early to mid-1800s, which eventually led to the creation of the Independent Insurance Agents & Brokers of America, Inc, a trade organization, in 1896. Today, there are about 36,000 independent insurance agencies in the U.S. Before you start working with an independent insurance agent, learn who they are, how they can help you, and how an independent agent compares to other types of agents. Definition of an Independent Insurance Agent An independent insurance agent represents multiple insurance carriers,...
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Who in my Agency Needs Insurance Licensing? Do the people who work in my agency need insurance licensing? That sounds like a simple question, doesn’t it? But, when asked this question, Supportive Insurance Services usually answers, “Maybe.” To determine where or not someone needs insurance licensing you have to review the functions they are performing. In February 2000, the National Association of Insurance Commissioners (NAIC) adopted the Producer Licensing Model Act (PLMA). One key component of this act was the definitions of when a person needed insurance licensing. According to the model law, “A person shall not sell, solicit or negotiate insurance in this state….unless the...
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How to Become a Licensed Insurance Agent Although some high school grads have made a mark in the insurance business, the majority of licensed insurance agents are college graduates. Each state has specific requirements for licensing. You’ll take an insurance license exam in your chosen area – such as auto, life or others. You can apply online to take the exams. Although selling insurance is a relatively easy field to break into, it’s not easy to excel. You need tons of business savvy, with a mix of marketing know-how. Why do Insurance Agents Need a License? There are many types of insurance. Insurance agents need a license that covers each type of insurance. Getting the proper license is...
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Resident Producer Important Producer Notices To become an insurance producer you must complete the following requirements. Complete the pre-licensing requirement of 20 hours per line of authority; 7.5 of the 20 hours must be completed in a classroom setting i.e. life, Accident/Health, Fire (Property) Casualty, Personal Lines – Fire (Property) and Casualty. The only exception is Motor Vehicle of which 12.5 hours of pre-licensing and 5 hours must be in the classroom setting. Here is a link to our Education provider look-up up where you can find a certified provider. www.statebasedsystems.com Once you have completed your pre-licensing requirement you may then take the insurance examination....
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Life Insurance Agent License Courses Online or Self-Study Classes from CPMI Life insurance licenses (for agents, producers, or brokers) are required by any state before an individual is allowed to sell insurance in that state. Courses from CPMI Professional Development are geared towards students interested in flexible study options that are not available from a traditional classroom learning program. Whether you prefer to burn through the material as quickly as possible, or take a more relaxed approach to slowly digest the material, our self-study insurance courses offer what you need. All agents wishing to provide policies including Life insurance coverage must pass a state...
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Related collections and offers About the Author The BISYS Group, Inc. (NYSE: BSG), headquartered in New York City, provides solutions that enable insurance companies, investment firms, and banks to expand their businesses and run their operations more profitably. BISYS currently supports more than 22,000 domestic and international financial institutions and corporate clients through several business units. BISYS Education Services is the nation's premier provider of licensing preparation, continuing education, and professional development courses for life, health, long-term care, annuity, and property-casualty insurance products as well as investments. This unit complements its education...
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One of the biggest questions for people interested in being an Insurance Agent is obtaining their state-approved Life insurance license PA to later start their career as an Insurance Agent. It is why, in this article, we share a quick guide so that you know step by step. However, you can select any online courses to become a certified and licensed life insurance agent. Pennsylvania property & casualty insurance pre-license, Pennsylvania life and health and accident insurance pre-license course, Pennsylvania health and accident insurance pre-license course, Pennsylvania life insurance pre-license training. The process is straightforward. Just complete an approved pre-licensing course,...
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How Do I Become a Licensed Insurance Agent? Why choose a career selling insurance? Selling insurance probably isn’t at the top of the list when one is considering career options. People may have misperceptions about what it means to be an insurance agent; however, a career as a licensed insurance professional deserves a closer look. Insurance is an essential product When you think about it, many important events in life have insurance either as a requirement for them to happen or as a desirable benefit to have when they do. For example, you can’t drive a motor vehicle, own a business, or get a mortgage without proof of appropriate insurance coverage. Having health insurance to help with...
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How To Become a Life Insurance Agent (Plus What They Do) Life insurance agents sell life insurance policies to people in their community to help them provide financially for their loved ones. Becoming a life insurance agent requires preparation because of the licensing requirements in many states across the country, especially those states that require hours of coursework to be licensed. If you're interested in working as a life insurance agent, you may wonder how to plan for the career. In this article, we describe what a life insurance agent is, what they do and how to become a life insurance agent. What is a life insurance agent? A life insurance agent is a type of insurance...
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is not affiliated with, owned, or operated by the State of Florida and is not endorsed or approved by the State of Florida. Visit MyFlorida.com Florida Insurance Education CLICK ON YOUR LEVEL OF SERVICE BELOW AND BEGIN YOUR COURSE TODAY... The Benefits of Taking our Florida Insurance Pre-License Course: Course and exam are 100% online! Course is designed and taught in compliance with the State of Florida Qualifies you to sit for your state exam for 2-15 Life, Health & Variable Annuity license Becoming a 2-15 Agent allows you to sell Fixed and Variable Annuities and all forms of Life, Health and Accident insurance policies representing insurers in Florida. The Florida Insurance 40-hour...
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