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Will a bankruptcy affect getting your insurance license?


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2009-12-13 16:27:02
2009-12-13 16:27:02

In the State of Georgia, it probably doesn't. However, it does affect the ability to get insurance contracts and advances.


Related Questions

Can a home bankruptcy affect getting my insurance license?

Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.

Yes, it can affect your Virginia license. And it can affect your insurance rates as well.

I have file for Chapter 7 twice and it has had no effect on my car insurance.

Yes, if you move to another state, a ticket from your current state can affect your insurance. It can also affect your driver's license depending on what the ticket was for and if points were credited to your driver's license.

Having your license in suspended status will affect the insurance, some will not even insure until the license is reinstated - but the reason it was suspended will not affect your insurance due to the fact that it was not a movingviolations.

== == NO, but it WILL affect your car insurance costs.

the result affect is that you will pay more for insurance now than you did before.

I don't actually work for an insurance company, but I do know that credit can affect your rates (bad credit = worse rates). Insurance, after all, bases its life on risk: the riskier they think you are as a client, the higher your rates. Credit is the same way, so it only makes sense that a bankruptcy would increase your auto insurance rates. Yes, bankruptcy will affect your insurance rates. I have Erie insurance and my rates did go up quite a bit. My home insurance more than my auto insurance. I had only filed one claim on my home insurance in 27 years and never late in payment and yet my rated jumped almost $200. I was told this was because of the bankruptcy. I recommend you this site where you can compare quotes from different companies:

if you are asking this queston, you should noy have a license That is a very stupid response. Many general contractors - especially in Florida have had to declare personal bankruptcy due to economic conditions beyond their control. If you file personally it cannot legally affect the renewal or continued current status of your license. Hope this helps.

If it was your fault, then regardless of their license status they can still sue you. Their license status only affects their likelihood of getting a citation for driving without a license (and maybe insurance) but it does not affect your liability. You'd still be liable for the accident no matter whether they had a license or not.

If you retain your license, car, and life, tremedously.

It depends on your state as to whether or not they will still have a license. In Georgia they would loose the license. As far as insurance rate it will definitely have a bad effect.

does defective equipment go against your license

No. This is considered a non moving violation and will have no effect on your driver's license or insurance.

Three points on a license in New York can effect insurance rates. If points get too high, insurance can also be revoked.

It depends what licence you are referring to. It will not affect your application for a driving licence

Commercial vehicle insurance varies depending on the risk you prove to have as a driver, what type of insurance you are getting, and with what company you are getting it from. There are many variables that affect the price.

In the state of New York, a DWI will affect your insurance for a period of 40 months. However, you really can't be driving when you lose your license because of a DWI anyway.

FAIL TO WEAR SEAT BELT-DRIVER 20-135.2A This charge does not affect insurance or your license but carries a mandatory fine and court costs.=

Anyone can be listed on your car insurance policy as long as they have a valid driver's license. You just have to remember if that person has a bad driving record it will affect your insurance.

it will defiantly affect the premiums and depending on the insurance company they might drop him.

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