Insurance License Continuing Education

Submitted by: Edward Hulse

States have different rules and regulations when it comes to insurance CE for an insurance license. Agents must abide by these each and every year. Some states require classroom courses while others allow students to complete their continuing education online. Insurance agents can contact their state authority to get the specific details. The insurance and financial industries are highly regulated for a good reason. Agents and professionals are dealing with their clients well being and their families well being on a day to day basis. They sell them insurance policies that could really benefit the individual and their loved ones when something tragic happens. The main types of insurance are life, health and property and casualty. Each agent must pass an exam before being awarded a license. If an agent sells all three lines of insurance they must pass all three exams to obtain all of the licenses. If this is the case, they must complete the required continuing education for each license each and every year.

Every agent must complete continuing education for their insurance license. However, each state and license has a different requirement. You want to check with your state or an approved provider to confirm your insurance license continuing education requirements.

Continuing education is very beneficial to agents and their clients. Agents can learn about new and upcoming products to offer their clients. This is a win/win for both the agent and the consumer. If the agent is not up to date on current products or market trends they may provide the wrong information to their clients causing much more pain and agony then necessary. They also can stay current with new laws and regulations. Without insurance CE agents and producers may be breaking the law and not even know it.

When researching continuing education schools always make sure they are listed as a provider with the state. Then make sure their prices are equivalent to their competitors. Also, if you are close to your compliance deadline make sure the company reports to the state within 1-2 business days. This will ensure you can keep your license active and avoid state fines. When an agent is late on complete their insurance license continuing education requirements they may lose their license if they do not contact their state in time. All in all, insurance continuing education is very important and needed in such a demanding and professional field.

Insurance agents play a large part in many lives. No matter what line of insurance they sell, they are a big reason why insurance companies are so large. Life insurance agents for example sell so many premiums each month. This relates to the insurance company they work for making more money. The more premium sold, the more money everyone receives. Health insurance companies rely on their agents to sell to both small and large corporations. The more employees they can get on a health insurance plan, the better. And finally, property and casualty agents deal with accidents, fires and many other incidents that could cost the insurance company millions of dollars!

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