jolivertexas
Expert
- 66
Quick question, if I surrendered my agency's insurance license, then is there any amount of time that I must wait before I reapply?
Surrender License
- Thread starter jolivertexas
- Start date
BIG RED IS BACK
Super Genius
- 174
why would you surrender it?
- Thread starter
- #3
jolivertexas
Expert
- 66
no reason to the surrender. Just wondering. For instance if I surrender and then change my mind and want to reapply. Is there a specific amount of time that I need to wait?
- 15,041
Ask the DOI.
The answer probably depends on why it was surrendered.
The answer probably depends on why it was surrendered.
ILSAinc
New Member
It all depends on the state. Many states require up to a 1 year wait. There are exceptions. I would need to know the state in question (assuming it may not be TX as your screen name indicates), is this the resident state license or a non-resident license, and are there any sanctions or administrative actions in place or currently pending?
Surrendering may not be the best option as commissions are usually paid to the agency. Many skirt this in various ways much like people skirt speed limit signs, it's all fun & games ... until you get caught. With the financial strain the Departments of Insurance are already feeling, they're cracking down on loopholes and levying some rather hefty fines. I caution you to think twice before making a rash decision. Speak to your carriers and consult with a licensing specialist at the DOI, be very careful not to throw the baby out with the bath water.
Good luck to you!
Lisa D. Miklojachak
Insurance Licensing Services of America, Inc.
[email protected]
Surrendering may not be the best option as commissions are usually paid to the agency. Many skirt this in various ways much like people skirt speed limit signs, it's all fun & games ... until you get caught. With the financial strain the Departments of Insurance are already feeling, they're cracking down on loopholes and levying some rather hefty fines. I caution you to think twice before making a rash decision. Speak to your carriers and consult with a licensing specialist at the DOI, be very careful not to throw the baby out with the bath water.
Good luck to you!
Lisa D. Miklojachak
Insurance Licensing Services of America, Inc.
[email protected]
If there is no reason to surrender than why would you?
I agree rba. We have more 1hit poster in the last 3 months... These goofy mods have no clue about what's up... They hit the Angela list for links and were told to post like this to get the link.... Wake up mods... Clean up the one night stands
BIG RED IS BACK
Super Genius
- 174
glad to see they deleted my comment, glad to see moderation at its finest, especially when it wasnt a bad comment.
I bet this gets deleted also
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