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Requirements for Licensing
- a) 18 years old
- b) resident of the state
- c) trustworthy
- d) not committed a felony or had license revoked
- e) satisfies the requirements of obtaining a license
Insurance agents are granted powers by the insurance company to bind or accept risks on behalf of the insurer withing limitations.
Authority specifically given to the agent either in writing or orally
Allows agent to perform all the usual tasks required to sell and sservice the insurance contracts and to exercise the agent's express authority
Assumes the agent has the authority that a normal prudent person would think
Address filing or change
Agent must file home and work address with insurance department and notify promptly if any change in address
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