Posts Tagged ‘Animals’

An Agora Times report on the Indian Insurance Industry 2010

October 31st, 2022

In this article we discuss the Indian insurance market and the trends that will help companies in the United States evaluate how they can leverage from this untapped market.

The research has been conducted by the VA consulting team working with inputs from several insurance leaders in the Indian market that have worked with early entrants like Met Life,Guest Posting Zurich, ICICI and others.

Background to the Indian economy

Ever since the economy was opened up in 20 years ago India has been growing as an economy at nearly double digits.

As the working middle class becomes a sizable number the insurance industry has started growing at an incredible rate. It has grown over 200% since 2006. Even last year that insurance industry has grown by over 45%. Analysts predict the industry is going to grow at least 10% in 2010 to become a $42Billion industry. Even with this growth rate only 5% of the country is actually covered by any form of insurance.

The research has been conducted by the VA consulting team working with inputs from several insurance leaders in the Indian market that have worked with early entrants like Met Life, Zurich, ICICI and others.

There are insurance governing bodies have been formed and governing bodies have brought about a number of changes to standardize the insurance sector but more changes are expected especially in the personal and life area.

Illinois Insurance Continuing Education Credit Requirements and Guidelines

April 21st, 2022

All states are different when it comes to what requirements need to be meet for continuing insurance education. Illinois has it pretty easy compared to many states. This article lets you know exactly what you need to do to fulfill you requirements.

To meet requirements you will need a total of 30 ce credit hours every 2 years, or biennially if you want to be wordy. This is on par with the rest of the nation. You can choose from a variety of different courses to educate yourself on as well. A mandatory 6 hour course must be take if you are planning selling LTC or long-term-car insurance in the state of Illinois. The good news is the class if fairly easy, and it counts towards you thirty hour requirement.The course is state specific.

You have to make sure that you have completed the courses by the time you license renewal date arrives. Like all things however, it is recommend you get all you Illinois CE requirements out of the way at least 4 weeks before the deadline. This way the CE provider has time to notify of your compliance. Your license renewal date will be 2 years after the issuance date. If you received your license on march 15, 2008, you will have to renew by march 15, 2010. If you miss this date you may have to stop selling for several weeks till you meet compliance.

You have the choice to take either independent study courses or classroom course. Independent self study courses are available on and offline, and are generally much less of a hassle than classroom courses. They are also usually much cheaper. You are allowed to carry over 15 credit hours from the last reporting period. This is only if you exceed you needed 30 credit hours. This may happen if you have already fulfilled you requirements, but decide to get a new license in the middle of the term.

In the state of Illinois, you are not allowed to repeat any course within a three year period. This is to stop you from taking the same course over again and not expanding your knowledge. Take new courses may inspire you to offer a new product. Many states require the final exam to be monitored. Illinois however does not. You can take the exam in the comfort of your own home as many times as you want until you pass. Additionally there are several agents who are exempt from CE course work. They include industrial heath, industrial life, travel cancellation, and travel health.