Can You Sell them Insurance If?
- Thread starter emmjer
- Start date
- 11,591
Depends on the carrier.
In short, the answer SHOULD be yes. As long as you are selling a product approved for sale in your state and the client is signing the city/state where the application is signed.
In short, the answer SHOULD be yes. As long as you are selling a product approved for sale in your state and the client is signing the city/state where the application is signed.
- 26,825
Ask the carrier you are going to use. Also where the policy will be delivered may dictate. Ask the carrier.
- 11,997
Most of this comes down to when the solicitation was made. Ideally you should be licensed in the state they're in. Most of the time it's just a matter of paying a non-resident licensing fee to get your license in that state.
- 26,825
I find that it matter more in the state the owner is in as opposed to the insured.
- Thread starter
- #7
- 11,997
Let me ask a dumb question: Why wouldn't you get licensed in the clients resident state?
- 11,280
Because most agents don't want to pay more than they have to to do business...
- 409
Be careful. I had a life policy I wrote where the insured lived in my state, the owner was going to be his father (he was buying it for him because his son was kind of a twit and probably wouldn't keep it in force, and the guy wanted to make sure his grandkids were taken care of). The father was in the state at the time of signing and delivery. But his permanent residence was in another state. So the carrier let me write the policy and go through all the work, and then refused to pay me the commission because the owner lived out of state. And they wouldn't let me get my non-resident license after the fact because they said I had to have it at time of delivery.
I don't work with that carrier any more.
I don't work with that carrier any more.
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