Non Resident Visitors

[TPAAgent]

You'd think writing in Florida I woulda came across this once in 14 years of writing- the bulk of my years were writing MP insurance so thats probably why, in any event- I run into clients a lot whom are snowbirds and have a residence here in Florida so that's not an issue-

- Can an agent write a client who's physical address is in another state as long as that individual is in the state the agent is licensed to write for and assuming that agent "doesn't" have a non res lic in the state the client resides in?

Something tells me I was told years ago when I first got into the business that as long as a person is in the state (ex- visiting etc) that an agent is licensed in.... that agent can write that person

???

 

[Josh]

I'm a little fuzzy on your question, but this will probably answer it:

Let's assume an agent is licensed in Florida only and that the prospect lives in New York.

If the Florida agent was visiting New York and wanted to sell a Florida product, that would be a no go.
If the New York resident was visiting Florida and saw a delightful add for a life insurance product so they stopped in to buy it while they were traveling, as long as the advertisement was done in the state of Florida, that's no problem.

Does that clear it up?

 

[jacobtn]

You'd think writing in Florida I woulda came across this once in 14 years of writing- the bulk of my years were writing MP insurance so thats probably why, in any event- I run into clients a lot whom are snowbirds and have a residence here in Florida so that's not an issue-

- Can an agent write a client who's physical address is in another state as long as that individual is in the state the agent is licensed to write for and assuming that agent "doesn't" have a non res lic in the state the client resides in?

Something tells me I was told years ago when I first got into the business that as long as a person is in the state (ex- visiting etc) that an agent is licensed in.... that agent can write that person

???

Yes you can. Foresters has a supplemental form for that, the with the others just date the city and state where is signed in and you usually good to go.

 

[Todd King]

Most companies will allow this. Just remember, you have to write it on the state specific app. In other words, if the client is visiting FL from NY, then you have to write them on the FL app while in FL; not the NY app.

Another example. I just wrote a client whose resident is SC. I wanted to write her a RNA WL, but RNA is not in SC. She lives very close to NC though. Therefore, I had to write it on a NC app and it had to be signed while in NC. (Of course, she got into the car and drove to NC to do this...you know she did!).

 

[Newby]

They will also have no State Guarantee Fund protection if they buy outside of their home state.

 

[tomoverton0123]

You'd think writing in Florida I woulda came across this once in 14 years of writing- the bulk of my years were writing MP insurance so thats probably why, in any event- I run into clients a lot whom are snowbirds and have a residence here in Florida so that's not an issue-

- Can an agent write a client who's physical address is in another state as long as that individual is in the state the agent is licensed to write for and assuming that agent "doesn't" have a non res lic in the state the client resides in?

Something tells me I was told years ago when I first got into the business that as long as a person is in the state (ex- visiting etc) that an agent is licensed in.... that agent can write that person

???

TPA, this is definitely one of those gray areas. Every state and every company have different rules and interpretations regarding this. It's my understanding that there has to be a legitimate reason for the visitor to cross states to purchase insurance. If the insured is strictly crossing state lines to purchase and then return then it's typically not allowed. If the insured is visiting family, on a business trip, or other substantiated reason then it's okay. Again refer to your state DOI and/or carrier for a definite answer.
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They will also have no State Guarantee Fund protection if they buy outside of their home state.

Newby, that is a very good point and you are correct.

 

[TPAAgent]

That seems to answer that- thanks fellas.. Thought I was told this when I first got into the business in 1999- just wasn't quite sure

 

[Dragline]

You'd think writing in Florida I woulda came across this once in 14 years of writing- the bulk of my years were writing MP insurance so thats probably why, in any event- I run into clients a lot whom are snowbirds and have a residence here in Florida so that's not an issue-

- Can an agent write a client who's physical address is in another state as long as that individual is in the state the agent is licensed to write for and assuming that agent "doesn't" have a non res lic in the state the client resides in?

Something tells me I was told years ago when I first got into the business that as long as a person is in the state (ex- visiting etc) that an agent is licensed in.... that agent can write that person

???

Varies by state and carrier.

 

[VolAgent]

TPA, this is definitely one of those gray areas. Every state and every company have different rules and interpretations regarding this. It's my understanding that there has to be a legitimate reason for the visitor to cross states to purchase insurance. If the insured is strictly crossing state lines to purchase and then return then it's typically not allowed. If the insured is visiting family, on a business trip, or other substantiated reason then it's okay. Again refer to your state DOI and/or carrier for a definite answer.

Very well said. What Todd posted was once very common in NY. I was given the impression that about half the insurance in NJ was actually written in diners and restaurants just across the bridge from NYC. Companies and DOI's have tried to crackdown on this process as it is circumventing the laws and regulations of the resident's home state.

However in TPAA's case, that is very legitimate. Just look for a supplemental form to for non-resident sales or include a cover letter letting the underwriter know the applicant maintains a residence in Florida for so many months out of the year.