Question About Broker Check

[MartinJ]

When looking at the license status of an insurance agent, can you rule out if someone is selling certain types of annuities such as fixed annuities.
For example if you see this...
This licensee is authorized to transact on behalf of the following insurers:
Allianz life insurance company For: Accident and Health
Allianz life insurance company For: Life-Only

 

[DHK]

FINRA broker check would not offer that kind of information.

You can usually tell what kind of insurance they write by the kinds of companies they are appointed with via state department of insurance website - as I'm sure you're looking at for California.

Just because someone is appointed to sell Allianz doesn't mean they are selling MasterDex X. They could be securities licensed and selling their variable annuities.

Also, if FINRA registered, they will generally be appointed with the broker/dealer's insurance company on their licensing page. This isn't 100%, but generally pretty accurate.

 

[MartinJ]

So when someone sells annuities, it wouldn't specifically say something like "Allianz life insurance company For: Annuities"?

Are you saying that "For: Life-Only " or "Accident and Health" could include sale of annuities?

 

[DHK]

Yep.
- Life-Only = life insurance and annuities, including group life.
- Accident and Health = long term care, critical illness, disability, health, group disability, etc.

If the person has securities licenses and variable contracts authority, then it could include variable life and annuities.

 

[pfg1]

What DHK said is correct. What are you trying to figure out?

 

[ScottLFB]

Martin, It sounds like you might want to ask that question to another Recruiter in your office.

It looks like you would be asking that question to narrow down the DOI search list to create a prospecting list for yourself.

Also, if you are a recruiter, I would advise not using Allianz as your research benchmark, because as stated above, you don't know what the hell that guy/gal is selling by just looking at the carrier name.

-Scott