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#1682413 - 03/27/12 01:25 AM credit life insurance
theloanbug Offline
Platinum Poster
Joined: Sep 2005
Posts: 746
If you disclose the bank offers insurance and give the disclosure that states the bank offers insurance do you have to have a license to do this if you are loan officer?

Thanks

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#1682417 - 03/27/12 02:01 AM Re: credit life insurance theloanbug
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
I would think your credit life insurance policy writer could easily answer that question. I reviewed this, but didn't see anything on licensing.

http://www.ok.gov/oid/documents/C10S5P7.pdf

I does say: requiring all policies, certificates and applications be negotiated or solicited by licensed and appointed agents or limited insurance representatives.

I didn't go much further than that.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1682419 - 03/27/12 02:21 AM Re: credit life insurance rlcarey
theloanbug Offline
Platinum Poster
Joined: Sep 2005
Posts: 746
Thank you for your help.

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#1682931 - 03/27/12 09:29 PM Re: credit life insurance theloanbug
Queen Mum Offline
Power Poster
Queen Mum
Joined: Mar 2001
Posts: 3,920
OK
All our loan officers are licensed to sell through our agency which is owned by the bank president.

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