Insurance Continuing Education Is Crucial To An Agent’s Success
In the insurance industry, laws rules and regulations change from year to year in many states. It is just the nature of the beast. Many insurance agents received their licenses years ago. Since then, there have been many new products introduced and laws an agent must follow while working with their clients. One of the primary ways to keep up with what is going on in the insurance and financial industry is continuing education. Insurance continuing education provides students with resources on laws, state regulations, ethics, and updates on any new products.
Insurance CE is crucial to keep up with not only for the good of your clients, but also to keep your insurance license active! Your clients will benefit from you being up to date on new products so you can provide them with as much information as possible during a sales meeting. In regards to your insurance license; many states will impose a hefty fine for not complying with state rules and regulations. Some states will even suspend or revoke your license.
There are many ways to ensure you keep your license active. You can always contact your state or an approved continuing education provider to look up your records for you. They are able to tell you how many CE hours you need and what online courses to take. Many states require agents to take certain courses depending on what license you hold. A life insurance agent usually has to complete different courses than an agent holding a property and casualty license. Any continuing education school will be able to tell you what courses to purchase if you provide them with a little information.
Once you know what courses you need just make sure you complete all of the insurance continuing education requirements by your compliance date. Many students choose to do their insurance continuing education online since it is very inexpensive and the most convenient method. Some states require certain courses to be completed in a classroom; so make sure to find out what your state requires before purchasing any online courses.
When choosing a continuing education provider, make sure that all of their courses are state approved. Many companies will have their provider number listed on the website to make it easier for the students to look them up with their state. Also, make sure the continuing education school reports to the state within 24-48 hours. This will ensure your CE credits are recorded with the department of insurance.
Insurance professionals hold a lot of responsibility. They advise clients on different products that will help them during tragic times. They must be ethical and knowledgeable to ensure they are helping the client in the best way that they can. Wrong advice could lead to a lawsuit against the agent and also the insurance company they represent. Continuing education courses are meant to keep agents current on all relevant information and avoid these types of situations. When something like this does happen, the agent better have E&O insurance to cover their losses.
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Category: Education
Keywords: insurance continuing education