How to Get a Non-Resident Insurance License

Video post: Scroll to the bottom for a video tutorial

There are many reasons you may want to obtain a non-resident license:

1. You live in a guaranteed issue state for health insurance
2. You wish to sell with a certain carrier(s) that are not competitive in your state
3. You live in a state that has low lead flow 
4. You have a referral and do not wish to find a resident agent to split commissions

Getting a non-resident insurance license is actually very easy. Scroll down and watch the video tutorial which will show you how to apply online in a matter of minutes. 

There are, however, some points to discuss before you apply for a non-resident insurance license

• Do your homework first since states have different mandates. For example, for health insurance you do not want to get licensed in a guaranteed issue state. You also need to be aware that some states have special underwriting mandates. Michigan and California for example do not permit exclusions while New Hampshire only allows a maximum rate increase of 25%. If you wish to sell in other states, try to target states that have the most liberal underwriting guidelines. 

• Fees vary widely from $8 to over $250 depending on the state. If you’re budget challanged you should be looking for states with low fees. 

• Make sure your products are competitive. You may be used to selling through certain carriers in your resident state and falsely assume they will be competitive in other states. For health insurance this is not the case. A carrier that has fantastic rates in one states may be uncompetitive in another. 

• Your carriers may offer entirely different products in other states. 

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