As a way to develop Nebraska’s workforce and cut the red tape limiting business, Neb. Gov. Pete Ricketts encouraged state agencies to create opportunities for Nebraska’s industries to grow. As part of these efforts, the Nebraska Department of Insurance (NDOI) developed an apprentice insurance producer license.
“Through my years in the insurance industry, I found that insurance producers play an important role for the insurance-buying public,” NDOI Director Eric Dunning said. “Residents lean on their local insurance producers for guidance through the complex world of insurance. Now those who want to test the waters of becoming an insurance producer can start with a mentor and a temporary license.”
Through the apprentice insurance producer license, those who want to enter the insurance industry as a producer can start with a temporary license and a mentor. Guidance document IGD—F8 breaks down the requirements and conditions for the temporary apprentice producer license.
The guidance document provides, among other things, the following:
- An apprentice insurance producer may not act as an agent of an insurer unless they become an appointed agent of that insurer under the requirements under NEB. REV. STAT. §44-4061.
- A temporary license as an apprentice insurance producer is valid for 120 days after the date of issuance.
- An apprentice insurance producer license may only be obtained once.
- If the sponsoring resident insurance producer is no longer licensed or chooses not to continue sponsoring for any reason, the apprentice insurance producer has 10 days to obtain new sponsorship and notify NDOI, but may not sell, solicit, or negotiate insurance in that interim period. Notification must be provided to the NDOI.
- An apprentice insurance producer may not obtain or generate a commission on a sale made to a person with a family, employment, or business relationship with the apprentice insurance producer.