What Is The Personal Lines Broker-Agent License?
Beginning on January 1, 2002, the Department of Insurance will begin issuing a Personal Lines BrokerAgent license. This license will allow a licensee to transact the following:
- automobile insurance (including recreational vehicles used for noncommercial purposes),
- personal watercraft insurance,
- residential property insurance (including earthquake and flood insurance),
- inland marine insurance covering personal property, and
- umbrella or excess liability insurance.
To become a personal lines brokeragent, the applicant will be required to complete a 20hour pre licensing classroom course approved by the CDI and an approved 12hour prelicensing classroom course on the California Insurance Code and ethics. The applicant will also be required to pass a written examination, unless the applicant qualifies for a Personal Lines Broker Agent exemption. Anyone who meets the requirements to be exempt from the examination will still be required to complete the 20hour prelicensing course and the12hour prelicensing code and ethics course.
Personal lines broker agent continuing education will be required on a calendar year basis. The agent will be required to complete 10 hours of continuing education each calendar year. The personal lines license will be issued for a two year fixed term that begins on January 1 of the first year and ends on December 31 of the second year.