18-181A 18-181A . . . Insurance Agents Stock Option Plan under which Compensation Committee may grant Non-qualified Stock Options to any insurance agent who signs agreement which commits agent to produce at least $300,000 of premiums during specific three-year period ("Qualification Period"). Number of shares covered by option is equal to agent's premium commitment divided by $100, and options become exercisable only to extent agent satisfies his or her minimum commitment for premiums during Qualification Period, and only to extent loss ratios for insurance business written meet or exceed certain performance criteria
Kansas Insurance Agents Stock option plan
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How to Get Your Kansas Insurance License Complete an Insurance Exam Prep Course. ... Pass Your Kansas Licensing Exam. ... Apply for a Kansas Insurance License. ... Plan to Complete Required Insurance Continuing Education (CE) Credits.
Candidates must wait at least twenty-four (24) hours before scheduling an appointment to retest. Currently, candidates who fail the examination must wait at least seven (7) calendar days before retaking the examination. There is no limit on the number of times a candidate may take an examination.
Step 1: Complete a Kansas Life Insurance License Application The application fee is $30, and the NIPR will charge a $5.60 transaction fee for a total of $35.60. You also must pay $60 for a background check and fingerprinting along with your application fee.
In Kansas, there are 5 steps to getting your insurance license. Complete a Prelicensing Course. If you want to become a licensed insurance agent in Kansas, you must pass a licensing exam. ... Get Fingerprinted. ... Apply for a License. ... Pass a Licensing Exam. ... Plan for Continuing Education.
Pursuant to K.S.A. 40-4909(a), the Commissioner "may revoke, suspend, or deny the license of a person who has "been convicted of a misdemeanor or felony," K.S.A. 40- 4909(a)(6).
The first step in getting your life insurance license in Kansas is to submit the application. The application fee is $30, and the NIPR will charge a $5.60 transaction fee for a total of $35.60. You also must pay $60 for a background check and fingerprinting along with your application fee.
The career of a life insurance agent is lucrative but involves constant hustling, networking, and many instances of rejection before a sale is ever made. Life insurance agents might be given a small salary to get started but are otherwise primarily dependent on commissions to make a living.