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Originally Posted by svandamme
Why is that state licensed? What does that license really do? or is it some kind of tax /fee you have to pay?
I mean What if she were to come to AZ and could you sort out her stuff there?
Or are you not allowed to do anything if the customer is in CA?
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Insurance is very state-specific and not all companies do business in all states. NY is the worst for life insurance, AZ is one of the best. If this woman came to Phoenix to visit her dad, I could probably write her and use his address. But that's shifty. Once your policy is issued, it doesn't matter if you move abroad or die elsewhere. AZ has a new law that lets any other state's professional licensee who moves here, work here on day one, provided they get an AZ license within XX days or months. But I'm not moving to CA, so I'd need a non-resident license. They want their fee. I renewed my AZ license today for $132 for four yrs. CA's would be $188. My E&O insurance is $450/yr.