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That will depend on the licensing regulations in your state.
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Can bankruptcy court get the proceeds of a life insurance policy?
The Bankruptcy Court has every right to claim the proceeds of a life insurance policy once you are declared by them as insolvent.
Can I renew my life insurance license after bankruptcy in PA?
Bankruptcy will not prevent you from renewing your insurance license. When your license is renewed, one of the administrative action or sanction questions will cover bankruptcy and require you to answer "yes". This will immediately flag your renewal application to require legal documentation. After the renewal has been submitted, you or your compliance service provider will need to submit the proper legal documentation about the bankruptcy to the department(s) of insurance for review. Failure to supply the proper documentation can result in the rejection or expiration of the application resulting in license cancellation. The cancellation could then result in fines and administrative actions. Producers who receive administrative actions, fines, sanctions or file for bankruptcy are required to notify the departments of insurance in all states where they hold active licenses within 30 days. Failure to report these actions may result in further administrative actions including fines and license revocation.
Why is a life insurance license important?
The only reason someone needs a life insurance license or certification is to be able to sell this type of insurance.
Can one obtain life insurance coverage from Prudential?
"Yes you can obtain life insurance from Prudential. Questions you should ask yourself include how much life insurance do I need, Do I need life insurance for my family."
How can you get Life insurance license?
In order to obtain a Life insurance license, you need to fulfill your state's Life insurance licensing requirements. All 50 states have different licensing requirements and you can find out about your state's Life insurance license requirements by visiting the website of your state's department of insurance. Some states have mandatory number of credit hours that need to be completed and some states don't. If there is a mandatory credit hour coursework requirement, study the course, take the online practice exams so you're familiar with the type of questions you can expect and then schedule for the state exam. There may be a small fee to help you schedule your Life insurance license exam. You need to pass the state exam to get your Life insurance license and start selling Life insurance policies. Check this link below for more information.
What license is needed to sell life insurance in Texas?
If you wish to sell life insurance in the state of Texas, you'll be required to get a Texas Life and Health Insurance License. To obtain the license, you will need to pass first the insurance license exam for Life and Health in the state you want to sell life insurance. There are online self-study courses created especially for Texas insurance exams. You can check the link below for more information.
Application fee for viatical settlement provider in IL?
The cost of a Viatical Settlement Provider License in IL, as of February 2010, is $3,000 however; you must first obtain a life insurance license from the state of Illinois. If Illinois in not your resident state, you must hold a life insurance license in your resident state before applying for a nonresident life insurance license in Illinois.
Do you need a security license to see variable universal life insurance?
Yes. To sell variable universal life insurance you will need a Series 63 Securities License, a variable life insurance license, and a regular life insurance license.
Will bankruptcy remove life insurance loans?
Life insurance loans are not on your credit report.
Can bankruptcy court get the proceeds of a life insurance policy?
The Bankruptcy Court has every right to claim the proceeds of a life insurance policy once you are declared by them as insolvent.
Can you get a temp license to sell life insurance in Texas?
Can you get a temp. license to sell life insurance in texas
Can you get a life insurance license in Michigan if you have a felony?
I was told by Bankers life and Casualty insurance company that if you have a Felony, Michigan will not issue a license to sell life insurance to you.
What license must a agent obtain to sell variable life insurance policies?
The agent needs a life insurance license. He also needs to be registered with FINRA. The insurance license is issued by the state insurance regulator. He will need to take a life insurance class that is typically a one-week class and take an exam. To be registered with FINRA, he will need to either self-study or take a class and take state securities exams and general securities exams.
Can I renew my life insurance license after bankruptcy in PA?
Bankruptcy will not prevent you from renewing your insurance license. When your license is renewed, one of the administrative action or sanction questions will cover bankruptcy and require you to answer "yes". This will immediately flag your renewal application to require legal documentation. After the renewal has been submitted, you or your compliance service provider will need to submit the proper legal documentation about the bankruptcy to the department(s) of insurance for review. Failure to supply the proper documentation can result in the rejection or expiration of the application resulting in license cancellation. The cancellation could then result in fines and administrative actions. Producers who receive administrative actions, fines, sanctions or file for bankruptcy are required to notify the departments of insurance in all states where they hold active licenses within 30 days. Failure to report these actions may result in further administrative actions including fines and license revocation.
Why is a life insurance license important?
The only reason someone needs a life insurance license or certification is to be able to sell this type of insurance.
What is a 215 license?
It's the Florida insurance license that allows you to sell Life Health and Variable Annuity insurance in Florida.
Can one obtain life insurance coverage from Prudential?
"Yes you can obtain life insurance from Prudential. Questions you should ask yourself include how much life insurance do I need, Do I need life insurance for my family."
