What activities constitute soliciting, negotiating, or selling insurance and require a license as an insurance producer?

The list below includes, but is not limited to, activities require a license as an insurance producer:

  • Disseminating information or quoting rates secured by reference to a published or printed list or computer database of standard rates.
  • Discussing, interpreting, or elaborating upon the information contained in an insurance brochure, application or other sales literature.
  • Giving advice or describe the specific characteristics of coverages of an annuity or insurance product.
  • Discussing rates, sales charges, or tax treatments of any product or attempting to answer any insurance or annuity questions.
  • Soliciting customers to purchase insurance or annuity products.
  • Explaining information on an insurance application or signing an insurance application.
  • Receiving commission or other compensation, which varies with the volume of applications or premiums.
  • Explaining, discussing, or interpreting coverage; analyzing exposures or policies; or giving opinions or recommendations pertaining to insurance products.
  • Discussing the effect of age, health, or other risk-related conditions to a current or prospective policyholder.
  • Counseling, urging, or advising any current or prospective policyholder to buy a particular policy or to insure with a particular company.
  • Obtaining underwriting information from other sources, including but not limited to, credit agencies, SOS, other insurance agencies or companies.
  • Indicating that requested coverage is or will be bound or issued.
  • Preparing an application for insurance.
  • Binding coverage.
  • Requesting and reviewing information relating to the audit of records or loss control on underwriting verifications and inspections; requesting and reviewing the results of a physical examination of a prospective policyholder named in a submitted application; requesting and reviewing information from persons other than the applicant; deciding that the applicant meets the insurer’s underwriting criteria; approving the mailing of the policy to the policyholder.
  • Signing an application or using the his/her own signature stamp.
  • Receiving any compensation which varies with the volume of applications or premium.