The license does remain eligible for renewal up to one year after the expiration date. Once the license expires, they are no longer eligible to transact insurance business. Insurance agents with California licenses have no grace period after the expiration date.
In almost all cases, agents who are granted an extension will still have to complete their CE requirements prior to having their license reinstated.įor more information on license renewal see our article How to Keep Your Insurance License Active in Ohio.
To obtain the exemption, you must file a written request for an extension of the renewal date with the Ohio Department of Insurance. These include long-term medical disability, military service, and other similar circumstances. There are exemptions for extenuating circumstances when the agent is unable to renew their license in time. After one year the individual will need to start the licensing process as a new agent. In all cases, agents must fulfill their CE requirements prior to submitting the renewal/reinstatement application. Ohio insurance agents who do not renew their license by their expiration date have 2 options: 1) they can have their license reinstated within 30 days of their expiration date by paying a fine of $50 or 2) if they do not renew within the 30 day grace period, their license will be suspended and they have up to 1 year to pay a fine of $100 to have their license reinstated. For more information on renewing an insurance license in Texas, see our article How Do I Renew My Insurance License in Texas. In addition to this, agents must pay an additional fee of $50 for each credit hour of continuing education that has not been completed by their expiration date, up to a maximum of $500.Īn agent can also file for an extension of time to complete continuing education due to illness, medical disability, active military duty in a combat theater, or other circumstances, but they must do so in advance of the license expiration date. In Texas, if an agent doesn’t renew their license in time, there is a $25 late fee. If you live in a different state, you’ll need to check that state’s regulations. We’ve dug a bit deeper into a few select states to give you an idea of what’s involved. Renewal Regulations - Every State Has Their OwnĮvery state has its own insurance regulations including what’s required for renewal as well as what happens when your license is allowed to expire. We then point you in the right direction for your state’s renewal process. In this article, we touch on a few specific state examples. It’s best to complete the required continuing education and renew your license well before it expires.
Not only that but you can’t work as an insurance agent with an expired license.
In most cases, you can, but it depends on what state you’re licensed in and, in almost all cases, you’ll have fines to pay.