What Is The Procedure To Surrender A Resident Insurance License?
To surrender a resident insurance license, the agent should submit a written request, providing name and social security number.
For the license to be surrendered in good standing, the agent must have completed continuing education requirements for the biennium in which the license is surrendered. If the continuing education requirement has not been satisfied, the license will be deemed to have expired for noncompliance on the biennial due date. In such case, if the individual reapplies for a license, proof of continuing education completion and reinstatement fees will be required in addition to any required application forms and/or fees.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.
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