I need some input on the steps to get licensed for P&C in another state.
I am a P&C/L&H agent of just one year and just started work for a leasing company which plans to offer insurance coverage's for lessees (and eventually forced placement insurance). However, they do business in multiple states and I was informed they are getting a company license(?) so they can authorize me to sell insurance in other states by just filling out some forms; they are using a third party carrier to offer insurance.
Can somebody clarify the steps my employer is taking in getting me licensed to sell insurance out of state? I was under the assumption that licensing requires a test and mandatory coursework hours. As the only licensed agent in the office I am concerned that something is done incorrectly on their part and I am held liable.
Any input would be greatly appreciated.
Thanks.
Meep.
I am a P&C/L&H agent of just one year and just started work for a leasing company which plans to offer insurance coverage's for lessees (and eventually forced placement insurance). However, they do business in multiple states and I was informed they are getting a company license(?) so they can authorize me to sell insurance in other states by just filling out some forms; they are using a third party carrier to offer insurance.
Can somebody clarify the steps my employer is taking in getting me licensed to sell insurance out of state? I was under the assumption that licensing requires a test and mandatory coursework hours. As the only licensed agent in the office I am concerned that something is done incorrectly on their part and I am held liable.
Any input would be greatly appreciated.
Thanks.
Meep.