Licensing Of Agents And Brokers


Definition of "Licensing of agents and brokers"

Tracy  Epting
Tracy Epting Texas Realty Cafe

Legal authority granting individuals the right to conduct insurance business in a particular state. In many states, agents and brokers must pass a written exam as a prerequisite to being licensed. In others, a professional designation such as the CLU or CPCU can be substituted for the examination requirement. The caliber of examinations varies from state to state. A license is usually issued for one or two year periods, and then must be renewed.

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