Nebraska Adds an Insurance Agent Apprentice License
Newcomers cannot use the apprentice license to help with life or annuity product exchanges.
The Nebraska Department of Insurance has developed an application designed for people who are new to insurance sales.
The department unveiled an apprentice insurance producer license earlier this month.
A would-be insurance producer can use the new license to work under the supervision of a fully licensed Nebraska insurance producer for up to 120 days.
An apprentice sponsor can supervise up to five apprentice producers at a time, and up to 10 apprentice producers over the course of a year, according to an apprentice program guide.
An apprentice producer cannot use the new license to help consumers with transactions, such as product exchanges, that are likely to lead to the termination or transformation of existing life insurance policies or annuity contracts, according to the guide.
Eric Dunning, the Nebraska department director, said the department developed the apprentice license in an effort to help the insurance industry to grow.
“Now those who want to test the waters of becoming an insurance producer can start with a mentor and a temporary license,” he said.
Pictured: Downtown Omaha, Nebraska. (Photo: Paul Brady Photography)