Insurance Producer License Renewal Questions
Hello everyone,
I’m reaching out to see if anyone here can help me with some questions about managing my insurance licenses. I’ve seen similar inquiries in this subreddit, so I thought it would be a good place to ask.
I hold a Life and Health Insurance Producer License from my time at an insurance company. Now I’ve transitioned to a new financial services firm that doesn’t sponsor my LH License, as my focus has shifted to investments without any insurance involvement. This is the first time I’m handling the renewal process on my own, and I’m a bit unfamiliar with it.
As a resident of Arizona, I’m aware that I need to complete my Continuing Education (CE) requirements by the necessary deadline. However, I’m unsure about the non-resident licenses I hold in the other 49 states. Do I need to pay renewal fees for each state if I want to keep my non-resident licenses active?
I know this might seem like a straightforward question, but since I’ve always had my previous employer handle everything, I want to ensure I have the correct understanding.
I’ve also noticed that the NAIC/NIPR website isn’t the most user-friendly in terms of tracking expiration dates and renewal fees for each state. Has anyone found a better method to keep track of when their non-resident licenses expire and the associated costs? I’m looking for a more convenient way to manage all 50 entries.
Thank you all for your help!
Best,
[Your Name]
Hi there!
You’re definitely in the right place to ask this kind of question. Managing your own insurance licenses can feel overwhelming at first, especially when you have to juggle multiple states.
Renewal Fees for Non-Resident Licenses: Yes, you typically need to pay renewal fees for each non-resident license if you want to keep them active. Each state has its own regulations and fees, so it’s important to check the specific requirements for each state where you’re licensed. Even though it may seem tedious, considering the potential business opportunities those licenses provide can help justify the expense.
Tracking Renewals: As for keeping track of renewal dates and fees, here are a few suggestions:
Managing your own licenses can be a lot of work, but with a solid system in place, it can become more manageable. Good luck, and if you have any more questions, don’t hesitate to ask!
Cheers!