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March 04, 2013 at 01:06 AM
All 50 states offer insurance exams, but — as far as I could determine from online research — only two of them, Texas and New Mexico, offer the ability to take the test in Spanish.
“We as an industry ought to be up in arms about that,” said Duane M. Morrow, chief marketing officer and executive vice president at Primerica Life Insurance Company, while speaking to attendees during a main platform session at the recent LIMRA Distribution Conference in Orlando. “How can the industry embrace the fastest growing segment of the population when only two states offer insurance exams in Spanish?”
Morrow says insurance companies ought to be pushing for state insurance exams to be offered in Spanish and Asian languages, which would enable people who primarily speak those languages to get licensed and then sell policies to immigrants who also speak that language.
Hispanics became the largest minority group in the United States in 2000. By 2016, the population of the three largest ethnic groups (Asians, blacks and Hispanics) will be approximately 115 million, and Hispanics will represent more than half of that population.
