Monday, 21 July 2014

Things To Know About Insurance Licensing Houston

By Coleen Torres


Established by the insurance dept. In Texas is set of law requiring companies and individuals who're selling insurance services. Insurance licensing Houston is compliance for every individual or company with one or more financial protection. It covers all types including companies, TPAs, licenses for agents, premium finance, review agents (URAs), workers' compensation or the Office of the State Marshal Office associated insurances. Set by the Texas Department of Insurance, it is a set of laws for companies who provide the service and individuals who are selling such services.

The licensing in this state focuses on the companies and agents selling policies in the State of Texas. For agents who are first time to apply in the State of Texas, be reminded that the forms and requirements may vary from other states. They also vary depending on the type you offer. The following piece aims to guide first time agent applicants and those who would like to renew their license to continue selling these policies in the State of Texas.

The first step is to visit the website or office of the state commissioner where you need to secure a license. There is also the contact information in the national directory for National Association of Insurance Commissioners. Inside the directory, choose 'agent licensing' and then proceed.

In the licensing tab, choose the type of you're selling - whether it's auto, home, health, life, bail bonds, business or any other form of insurance. Read the rules and regulations well. Consult to authorities for provisions unclear to you. Be reminded that each state has its different sets of rules and policies. One state policy might not be applicable to another. Ensure that you understood the policies well before proceeding to the next step.

During your license application, look for a list of requirements on the web site of the National Insurance Commission. This checklist will serve as your guide in your application. The next step is to sit and pass the test administered by the state. There will also be a background check on you. Background check includes work history and fingerprinting. Your papers must be notarized first before submission to the National Insurance Corporation. You have to provide a private mailbox.

Along with taking the exam is taking a class for basic regulations. This is where the rules, regulations and concepts are discusses. You must complete each class in terms of hours to move to the next step. Handout materials for the test and class are provided. Some of these materials are available for purchase online and some companies' bookstore.

Once you passed the test and completed the application, send the complete requirements to the National Commission immediately. In some states, the commission requires applicants to pass their application upon completion to avoid getting void.

Licensing in Houston is an important part of the marketing in Texas. It assures that your business is legally compliance to state's law and your clients are protected by a lawful company or agent.




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