Insurance is an industry based on paying large sums of money to people when they need them the most. For this reason, it is one of the most highly regulated industries in the United States. Anybody who sells insurance must have a license in order to do so legally. Although the regulatory environment makes fraudulent agents rare, you are within your rights to confirm the license status of anybody you do insurance business with.
Obtain the name and license number of the insurance agent. Confirm these against a second piece of photo identification, such as a driver's license.
Contact the Insurance Bureau or the Insurance Board for the state in which you are doing business. The contact information is available online. Many Insurance Bureau websites list a specific phone number for confirming the status of an agent's license.
Ask the Insurance Bureau representative to confirm the status of the license. Give the name of the agent and the license number. The representative should be able to give you a response over the phone.
Many state insurance boards keep a list of licensed agents online for public viewing. These are convenient but not always up to date.
Anybody posing as an insurance agent is, technically, a criminal and should be reported to the Insurance Board for appropriate action.
- "Exam Cram: Life and Health"; BiSys Education; 2008
- Courtney Rogers; Insurance Executive; AIL; Tigard, Oregon