Effective January 11, 2022, the Kansas Insurance Department will be transitioning its Individual and Agency Licensing to State Based Systems (SBS). To see what this means for you, and the tools available to you through SBS, click
here. To find your national producer number, print your license and education transcription, go to the SBS License Manager here. Checklist: Kansas Resident Initial Application To apply for a Kansas resident insurance producer license, you must satisfy or meet the following requirements:
Types of LicensesThe Kansas Insurance Department grants the following types of licenses. You should take the licensing examination(s) that will qualify you for the licenses you desire. Major Lines (all require examinations)
Other License types, including Limited Lines (those marked with “*” require an examination):
For information on licensing examinations see Examination Information Maintaining Your Resident Producer LicenseRequirements for maintaining your resident insurance producer license in Kansas:
Changes to LicenseAdding a LOA: To add a line of authority (LOA) to an existing Producer License, submit an application through the NIPR licensing center, which will navigate you to the appropriate forms. Kansas does not charge a fee to add a LOA. However, you must be qualified to hold the new line of authority. See Types of Licenses section. Changing Resident State from or to Kansas: If moving to or from Kansas and need to change a resident license to a nonresident license, or a nonresident license to a resident license, complete the Change Residency Status Form and electronically submit it to the Department. The Department will contact you with instructions on how to complete your request. You will not be able to change your state of residency through NIPR directly. License RenewalResident producers are required to renew their license on or before their biennial due date. Resident producers must complete the continuing education requirements, submit a renewal application, and pay a $4.00 biennial renewal fee through NIPR. Renewals are generally allowed up to 90 days prior to a licensee’s biennial due date. The biennial due date is the last day of the producer’s birth month in each odd year for producers born in an odd-numbered year or each even year for producers born in an even-numbered year. For newly licensed producers, such date shall not be earlier than two years from the date of the producer’s initial licensure. If a resident producer license is suspended or terminated for failure to meet the biennial renewal requirements, they must complete the following for reinstatement of their license:
All fees and the renewal application must be submitted through NIPR (nipr.com). For information on continuing education requirements for resident producers please view our continuing education page. License SurrenderTo surrender a resident insurance license, the producer should complete and submit the Request to Surrender License form online. To surrender a license in good standing, the license must be active and not suspended, expired, or revoked based on failure to complete biennial renewal requirements (including continuing education requirements) or a disciplinary action. If a license has been suspended or expired due to failure to complete renewal requirements, you cannot surrender the license without completing the renewal requirements (including CE) for the biennium in which the license is surrendered. If you want to obtain a license in the future, you will be required to apply and complete all requirements necessary for new applicants. Inactive StatusK.S.A 40-4903(e)(5) allows for an individual insurance licensee to be exempt from continuing education requirements while on Inactive Status. An Inactive Agent is a licensed agent that affirms to the Commissioner of Insurance that he or she will not conduct any acts toward transacting the business of insurance while on inactive status. The period of inactivity allowed is a continuous period of time of not more than four (4) years starting from the date inactive status is granted by the Commissioner. Inactive status is only granted to a licensee one time. Requests for Inactive Status must be submitted to the Department by filling out the Inactive Status Application. What can I do with a FINRA license?Administered by FINRA and known as the general securities representative license, the Series 7 license authorizes you to sell virtually any type of individual security, such as preferred stocks, options, bonds, and other individual fixed income investments—plus all forms of packaged products.
Can you sell a reits with a Series 6?Holders of the Series 6 license are not authorized to sell corporate or municipal securities, direct participation programs, and options. With Series 6, an individual can purchase or sell certain types of mutual funds, variable life insurance, municipal fund securities, variable annuities, and unit investment trusts.
What can a Series 6 Rep sell?With a Series 6 license, you are able to sell mutual funds, variable annuities, variable life insurance, unit investment trusts (UITs), and municipal fund securities. The Series 6 is often seen as the ideal companion license for those in the insurance industry.
Which of the following persons is responsible for approval of a FINRA member firm's business continuity plan?A member of senior management who is also a registered principal of a FINRA Member Firm must approve the Business Continuity Plan (BCP) of the firm and must ensure that review of the BCP occurs at least on an annual basis.
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