Am I just being paranoid or does anyone else share my concern of letting the feds in (even a little bit) in to the licensing of agents? I just remember the words of President Reagan, “The scariest words in the English language, ‘I’m from the government and I’m here to help.'”
I am. I see no need for it. The article says it will open up competition between agents and brokers giving comsumers more choices. Consumers have the choice now to insure with any company that will take them, it just may not be with their local agent. I think all it will do is open up for more fraud from agents. We dont need anymore regulation, we have too much in Florida now and it has hurt the consumer not helped them.
Whats the purpose? Since when do customers need my service in Missouri if I practice in Ohio? Its hard to believe that a customer would want to have their policies written by an agent who does not reside in there stae and know the laws and rules of that state.
We don’t have a National Driver licensing reqirement, National Real Estate Agent licensing requirement, National Doctors licensing requirement, etc., so why would we need a National Insurance Agents licensing requirement?????????
We write an association program with members in almost every state. Non-resident licensing is a big pain to deal with. The individual producers licensing process isn’t horrible but it is inconsistent on requirements, but the agency entity licensing is confusing with some states making it extremely difficult. Each state has its own requirements, including some require registering with the secretary of state prior to licensing – another headache to go through.
If you primarily write with personal lines or health/life insurance, you may not write anything out of state (until that VIP client buys a vacation home). Most agencies that write commercial lines do – even if it is an incidental location in another state for a client.
As an agent licensed in every state, I’m not getting why this is needed.
Same here. How does this help me as an agent?
Am I just being paranoid or does anyone else share my concern of letting the feds in (even a little bit) in to the licensing of agents? I just remember the words of President Reagan, “The scariest words in the English language, ‘I’m from the government and I’m here to help.'”
I am. I see no need for it. The article says it will open up competition between agents and brokers giving comsumers more choices. Consumers have the choice now to insure with any company that will take them, it just may not be with their local agent. I think all it will do is open up for more fraud from agents. We dont need anymore regulation, we have too much in Florida now and it has hurt the consumer not helped them.
Whats the purpose? Since when do customers need my service in Missouri if I practice in Ohio? Its hard to believe that a customer would want to have their policies written by an agent who does not reside in there stae and know the laws and rules of that state.
We don’t have a National Driver licensing reqirement, National Real Estate Agent licensing requirement, National Doctors licensing requirement, etc., so why would we need a National Insurance Agents licensing requirement?????????
We write an association program with members in almost every state. Non-resident licensing is a big pain to deal with. The individual producers licensing process isn’t horrible but it is inconsistent on requirements, but the agency entity licensing is confusing with some states making it extremely difficult. Each state has its own requirements, including some require registering with the secretary of state prior to licensing – another headache to go through.
If you primarily write with personal lines or health/life insurance, you may not write anything out of state (until that VIP client buys a vacation home). Most agencies that write commercial lines do – even if it is an incidental location in another state for a client.
“..maintain the state’s authority to regulate the marketplace and protect consumers”
That is funny! Is that what they claim to be doing?