by Guest » Mon Jun 20, 2011 12:27 pm
I have an idea. I have experience with this type of th thing, so my question is one of legality and not of the merits.
I want to take out full page ads in national publications offering to answer all insurance questions free of charge. Currently, the only reason why I have an insurance license was to split a large commission on my own policy.
I want to take out full page ads in national publications offering to answer all insurance questions free of charge. Currently, the only reason why I have an insurance license was to split a large commission on my own policy.
Posted: Mon Jun 20, 2011 05:55 pm Post Subject:
Feel free to do so. But if your advice is going to result in an insurance transaction, you have to be resident/nonresident licensed in that state. Sales appointments are supposed to be done face-to-face, not by mail.
Posted: Tue Jun 21, 2011 06:30 am Post Subject:
It is much better that you be absolutely sure about your state norms before you proceed with it. Be licensed before you work as a counselor.
Even with tele-sales offers, the sellers are allowed to communicate over the phone or through emails, but when it comes to getting enrolled, the seller and the customer has to go fact-to-face.
Posted: Tue Jun 21, 2011 03:57 pm Post Subject:
hmmm thanks i didnt know that in the end they have to go face to face.
Posted: Tue Jun 21, 2011 09:56 pm Post Subject:
That's not to say that some life insurance applications aren't transacted by agents through the mail, but when you sign the application, your signature usually is related to a statement that most often says something like, "I was present and asked the questions and recorded the applicant's answers." It's your integrity that's at stake.
Posted: Thu Jun 23, 2011 12:45 pm Post Subject:
Feel free to do so. But if your advice is going to result in an insurance transaction, you have to be resident/nonresident licensed in that state.
DO NOT FEEL FREE TO DO SO! You will get yourself in trouble. You can't do a national advertisment without listing the states in which you are licensed. What you are attempting to do is to advertise and then get licensed after the fact if it is going to lead to a sale in a particular state. No state insurance department is going to believe that you are just a good guy who just wants to answer questions because you love to do so. It is an illegal solicitation just like Max does on this site.
Posted: Thu Jun 23, 2011 12:56 pm Post Subject:
Sales appointments are supposed to be done face-to-face, not by mail.
I don't know what "supposed to be" means.
but when you sign the application, your signature usually is related to a statement that most often says something like, "I was present and asked the questions and recorded the applicant's answers." It's your integrity that's at stake.
This is more "close, but incorrect" information from Max. Do companies prefer that business be done face to face? Sure. Does it have to be? Is there a requirement that backs up what Max says? Nope. Is your integrity at stake? Not if you are honest.
One doesn't sign a statement that says that they were present if it isn't true. Instead, it asks if it was done face to face and if not, they ask for an explanation. I do most of my applications through the mail and I only sign the truth and no laws are being broken.
Of course, this is another error that you won't admit to making.
Add your comment