HB 1198 | Revises licensing procedures for insurance agents and brokers |
HS/HCS/HB 1198 - This act make several changes for the
licensing of insurance agents and brokers. An insurance company
may designate a licensed agency with all of its listed agents as
an alternative to appointing each agent individually. Adjusters
need not be licensed in this state if working on behalf of a
workers' compensation insurer. The Director of Insurance may
change licensing dates so that they coincide. The examination
for broker shall be waived for licensed agents with 5 years of
experience in at least two lines of insurance.
MICHAEL HOEFERKAMP