Selling while abroad/travelling

[nlt_fly]

Hi all!
Are there any laws that prohibit selling over the phone while on vacation overseas?

Many thanks

 

[Travis Price]

No. Generally speaking, the person has to reside in the state where your license is...

 

[vic120]

Many do this

 

[Tahoe Ray]

One thing to be careful of with eApps is that they can capture your IP address.

You have to state, as the agent, where you are signing.

Now, not legal/insurance advice, but I do know of some people that use a VPN for this purpose. Not that I support it, but it does happen.

FWIW.

 

[WinoBlues]

Now, not legal/insurance advice, but I do know of some people that use a VPN for this purpose. Not that I support it, but it does happen.

I wonder if there is a reason to not use a VPN especially on a laptop, tablet and cellphone?

 

[Tahoe Ray]

I wonder if there is a reason to not use a VPN especially on a laptop, tablet and cellphone?

Mainly the connection. Some airport WIFI (and other "free" wifi where you really need a VPN) will error constantly on VPN.

Super annoying but still worth it to write apps.

EDIT: And it's likely your firewall but it can also be the network.

 

[Allen Trent]

according to another post yesterday, broads make less than men, so your commissions might get cut while you are a broad travelling. between 13-23% less according to the "data"

 

[walthamny]

Many states allow non residents to sell life insurance as long as you have a valid work US work permit and can have a home state. Now some states like FL actually require a green card or US citizenship which is a higher barrier than just a work permit. And again home state ties does not mean you have to reside there. You can establish a business anywhere in USA whether you reside in USA or not.

I have lived overseas for about 5 years now. Probably sold life insurance from at least 10 different countries. I only visit USA when I have a large annuity case and I can not trust myself to close on zoom. The wackiest place I sold life insurance was when I was in Oman.

Generally speaking life insurance companies dont care where you are as long as your persistency is good and you are not churning.

The same laws also apply to RIA's. You can manage money, be registered in the USA and never visit USA. Quite of few in the caribbean managing millions. I have run into several life insurance agents from USA in Indonesia. Bali seems to be magnet for them.

 

[Allen Trent]

If your job needs a license, like in finance or insurance, you usually have to stick to the area where it's valid. Some systems even track your location through your IP address, so that's something to keep in mind.

Politicians should have to be licensed so we can track them too

 

[WinoBlues]

Politicians should have to be licenses so we can track them too

Or at least get Epstein and Diddy's guest list.