I've Forgotten. License Issue. Any Guesses?

[joeblow]

My buddy lives in NY, needs insurance. Comes here (TX) often on business. All our discussions will take place here, he'd probably even be able to get his exam done here, if necessary.

Do I need a NYS license to write the policy?

Also, somebody posted a link to a Nat'l licensing service, but the linky was dead. Does anyone know of similar services, not too expensive?

 

[gzpxyj]

My buddy lives in NY, needs insurance. Comes here (TX) often on business. All our discussions will take place here, he'd probably even be able to get his exam done here, if necessary.

Do I need a NYS license to write the policy?

Also, somebody posted a link to a Nat'l licensing service, but the linky was dead. Does anyone know of similar services, not too expensive?

www.nipr.com/html/Welcome.html
You can get non-resident license from above link.

Also if your client do everything in TX, you should be able to write it without non-resident license.

 

[joeblow]

www.nipr.com/html/Welcome.html
You can get non-resident license from above link.

Also if your client do everything in TX, you should be able to write it without non-resident license.

The linky doesn't work for me.

And I'm wondering about if he had his medical exam performed in NYS...

 

[somarco]

You need to be real careful on those kind of situations. It is a little bit easier to get by with it on life insurance, if for personal needs. Less so for business related life.

I can't see how you can make a case to legally do that on health or P&C lines.

Also, some states are real picky on NR licensed agents. NC may have changed their policy, but at one time they required a NR agent to work with a resident agent when writing business in their state.

Is it really worth getting a NR license for one case?

 

[joeblow]

Is it really worth getting a NR license for one case?

The $64K question. Which would depend on the size of the case, it seems.

 

[patch36]

I get my NR licenses through Sircon Corporation | Licensing & Compliance Automation for the Insurance Industry

nipr is a Kaplan related outfit. I had some issues with the way Kaplan handled some of my company appointments, and someone close to me develops the software for Sircon, so I use Sircon.

 

[Guest]

I recently asked the same question to Anna at Brokers Alliance about an Oregon life case being written in CA where I'm licensed and she told me that as long as the client from Oregon was within the borders of CA (visiting sister) and the application was taken (signed) in California, the carrier would have no issues with it... even though the para-med and delivery would be done in Oregon. I'm expecting the client to visit this spring.

 

[joeblow]

I recently asked the same question to Anna at Brokers Alliance about an Oregon life case being written in CA where I'm licensed and she told me that as long as the client from Oregon was within the borders of CA (visiting sister) and the application was taken (signed) in California, the carrier would have no issues with it... even though the para-med and delivery would be done in Oregon. I'm expecting the client to visit this spring.

Al, that lines up w/ my recollection, but I'm prone to believe every stinking State may have its own regs.
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I get my NR licenses through Sircon Corporation | Licensing & Compliance Automation for the Insurance Industry

nipr is a Kaplan related outfit. I had some issues with the way Kaplan handled some of my company appointments, and someone close to me develops the software for Sircon, so I use Sircon.

Thanks, patch, I bookmarked that link.

 

[Winter_123]

I recently asked the same question to Anna at Brokers Alliance about an Oregon life case being written in CA where I'm licensed and she told me that as long as the client from Oregon was within the borders of CA (visiting sister) and the application was taken (signed) in California, the carrier would have no issues with it... even though the para-med and delivery would be done in Oregon. I'm expecting the client to visit this spring.

I don't know. I think it is dicey. I would concede that one could probably do a case or two like this and it might not generate any scrutiny but were to put it under the microscope I would have doubts whether it is kosher.

For me the issue is whether, your interaction with the client is totally completed after you do the application. Sometimes this happens. You do an AARP medicare supp or something and once it is done the mail the policy. As a practical matter it usually does not go that way with life (I said usually, it could go that way depending on the carrier). You are not allowed to interact with a client in another state unless you are licensed there. I am not saying that you can't call them and ask them when they are going to be in town or something non-material to the application process but if you have to call them up and tell them they need to do their paramed or to tell them that they need to sign the delivery confirmation and mail it to you ect. then you need to be licensed. Do I think you could do some cases like this and not raise an issue? Yes but that is a different issue than whether it is technically kosher.

My view anyway. If you can complete the application and never have to function as agent across state lines I think it might work. This wont work with some carriers due to the delivery requirements. Could work with some.

Be careful about missing a question on the application or having a policy issued other than as applied for where the client needs to sign and you need to witness or it needs to come back to you. Very dicey, I think.

 

[Todd King]

I recently asked the same question to Anna at Brokers Alliance about an Oregon life case being written in CA where I'm licensed and she told me that as long as the client from Oregon was within the borders of CA (visiting sister) and the application was taken (signed) in California, the carrier would have no issues with it... even though the para-med and delivery would be done in Oregon. I'm expecting the client to visit this spring.

That's the reason most apps have a place on them where you put the city/state where it was signed. You may also want to call the company as some companies will not take it as that. Most do though.