Insurance Consultant

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<h3>Occupational Description</h3><br>An Insurance Consultant is any person who, for a fee, engages in the business of offering to the public any advice, counsel, opinion, or service with respect to insurable risks, or concerning the benefits, coverages, or provisions under any policy of insurance that could be issued in this state, or involving the advantages or disadvantages of any such policy of insurance, or any formal plan of managing pure risk. Insurance Consultants are distinct from Public Adjusters licensed under the Public Adjusters Licensing Act.<br><h3>Licensure Requirements</h3><br>Applicants must: 1. Be at least 18 years of age; 2. Be competent, trustworthy, and financially responsible, and have a good personal and business reputation; 3. Either: A. Have been licensed as an agent, broker, or consultant in Nebraska or another state for the three years immediately preceding the date of application; -OR- B. Have successfully completed a specific program of study which has a broad national or regional recognition, as determined by the director. 4. Where applicable, an applicant shall pass a written examination to determine competence to act as an Insurance Consultant. Any nonresident applicant whose resident state does not license Insurance Consultants may qualify for a license as a Nonresident Consultant in Nebraska only upon examination. <br><h3>Fees</h3><br>Original license- $50.00 Reinstatement- $90.00<br><h3>Renewal</h3><br>Renewal is required biennially. The renewal fee is $50.00.