CA Life Agent? Read this NOW. New license types

al3 · 10-26-2007, 03:32 PM

I just got an email from the CA DOI saying they are splitting the current Life Agent into 2 classes (or sub-divisions): Life Only and Health/Accident.

See first link on:
What's New in the Licensing Services Division

My guess is that the DOI was under pressure from the industry saying they can't get enough agents because the learning curve was too high for both Life and Health. Thus, they broke the license into 2 components. Just a guess. Don't quote me!

Does not look like it will effect those of us already licensed, however it looks to me that they just cut the requirement from 50 units over 2 years to 24 for someone (like us) who will hold both components? Is that right? Or am I mistaken?

Al
InsuranceSolutions123 Agency

PS: When I was in insurance school they taught that in CA it is not legal for a CA Life Agent to call themselves a "broker." That was reserved for P&C guys. No one I know follows that rule... and maybe it was rescinded.... or maybe I was zoning out that day in class and I made it up in my gin-soaked mind!

Agent Jeff · 10-26-2007, 04:17 PM

Originally Posted by al3

I just got an email from the CA DOI saying they are splitting the current Life Agent into 2 classes (or sub-divisions): Life Only and Health/Accident.

See first link on:
What's New in the Licensing Services Division

My guess is that the DOI was under pressure from the industry saying they can't get enough agents because the learning curve was too high for both Life and Health. Thus, they broke the license into 2 components. Just a guess. Don't quote me!

Does not look like it will effect those of us already licensed, however it looks to me that they just cut the requirement from 50 units over 2 years to 24 for someone (like us) who will hold both components? Is that right? Or am I mistaken?

Al
InsuranceSolutions123 Agency

PS: When I was in insurance school they taught that in CA it is not legal for a CA Life Agent to call themselves a "broker." That was reserved for P&C guys. No one I know follows that rule... and maybe it was rescinded.... or maybe I was zoning out that day in class and I made it up in my gin-soaked mind!

Yes, it is a reduction to 24 hours unless you also have the P&C license.

MIBizInsurance · 10-26-2007, 04:33 PM

Looks like Primerica is getting their way. Oh, great!
/rolls eyes

al3 · 10-26-2007, 04:35 PM

Originally Posted by MIBizInsurance

Looks like Primerica is getting their way. Oh, great!
/rolls eyes

I know who they are... but what do they have to do with this change?

Al

djs · 10-26-2007, 05:29 PM

Interesting....
New P&C guys that normally get a health license so they can sell life, will no longer be required to do this, making it easier for people with health licenses to focus on health with fewer people in the mix.

It will make it harder for BlueCross to push their life product, since many new health people will probably only get their health license.

Interesting change, glad I'm done with my licenses! Not really sure this will impact the market very much, but it's good to know. I'm still stuck doing CE hours, however you slice it.

Dan

MIBizInsurance · 10-26-2007, 06:26 PM

Originally Posted by MIBizInsurance

Looks like Primerica is getting their way. Oh, great!
/rolls eyes

Primerica here in MI has beeen pushing for this for years.

My Wife has an Uncle who is a President of SE MI Marketing, Vice President, CEO of Midwest affairs and any other title you can think of and or make up. (Oh, at 56 he also still lives with his Mom) and I get to hear all the wonderfull doings of that fine company.

I walk in a huge arc at Weddings to avoid speaking with him. He always finds me thoe. /cringe