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Can you own an insurance company and not have an insurance license but the company split the commissions with the licensed agent?
Unfortunately your question is not clear. "Insurance company" could be an insurance carrier, an insurance agency, etc. What are you specifically referring to? What state are we assuming, as each states law is different regarding licensing requirements. What type of insurance (Life, Health, Property and Casualty)?
What else can I help you with?
Can you work for an insurance company without an insurance license?
The answer is NO. Yous can work in the office as an office assistant, but you cannot sell insurance. No company would appoint you if you are not licensed.
Do you need a licensed to get car insurance?
When it's a self-driven car, you need license to get car insurance from any insurance company.
Do you need a drivers license to get car insurance in California?
I think you need to get a driver's license in any state to get car insurance period. An insurance company will not supply you with insurance if they don't have proof that you are licensed to do so. My suggestion to you...get a license!
What can you do with an insurance license?
It enables you to sell the insurance that you are licensed for.
Do you have to add your kids to your insurance if they don't drive or have a license?
You need to supply the insurance company with their name, date of birth, and social security number when they turn 15 years old. They will not be charged until they are licensed. You also need to notify the insurance company when they obtain a learners license and give them the license number. Again, the insurance company will not charge a rate for them as a driver until the obtain a regular drivers license.
Do you have to add your child to your car insurance if they are of legal driving age but don't have a drivers license?
You need to notify your insurance company of all children at or over the age of 15 and let them know of the license status as well. If they get a license of any kind notify your insurance company and give them the license information. If they are not licensed be sure that you do not let them drive the vehicle for any reason. Many insurance policies read that no coverage is provided if you allow someone to drive who you know or should know is not licensed to drive.
Can an insurance agent split fees with an attorney who is also an insurance agent and is not practicing law with the client?
Law is different from state to state. In Florida you can share commissions with anyone who has an insurance license. Or if you charge a fee for insurance services (fee in lieu of commission), you can share the fee with another licensed person.
How does the insurance company of a licensed driver look at an accident where the driver they covered is at fault in an accident where the driver not at fault has a suspended license will the insuranc?
It does not matter to an insurance company that the other driver had a suspended license. Liability is determined by the factors of the accident and the evidence put forth. The fact that the other driver had no license does not affect liability or the handling of the claim.
Do you need a license for car insurance?
Yes since you need a license in order to drive. There are instances when a company will issue a policy to a owner of a vehicle if there is a reason for you to not be a driver of the vehicle.
Is Timeshare Solution in Ormond Beach a Licensed Company?
Yes, they are licensed and bonded company. Their license number is TC-3369.
Do you need to be licensed to sell pet insurance?
Yes, you must have your P&C insurance license to sell pet insurance
Must a travel agent in Louisiana be licensed?
No, a travel agent does not need a license per se. They do though, have to pay an occupational license tax which is based upon their total commissions.
