This license should only be applied for by a company that also holds or is applying for a TN Premium Finance License Company. B But, does not include an individual engaged solely as a loan processor or underwriter for a registrant, unless that individual is an independent contractor and not an employee.
State Licensing. Professional Standards. Course Providers. Electronic Surety Bond. NMLS Modernization. State Examination System. NMLS News. Proposals for Comment. Release Notes. State Licensing Requirements. Common Requirements. Criminal Background Check. Credit Report. Approved Topics. State Education Notices. Functional Specification. Course Resources. Rules of Conduct for Students.
Provider Working Group. Late CE Approval. Comments or Questions. Surety Company. Surety Bond Producer. Quick Guides - Company. Getting your insurance license in Tennessee is easy! Just follow our step-by-step guide.
Be sure to bookmark this page so that you can visit it again throughout this process. The first step to getting your insurance license is choosing which licenses you need. Here are some examples of the types of policies you can market with each license:. Insurance adjusters require a separate license. You can find more information on becoming an insurance adjuster here: Tennessee Insurance Adjuster License. Most folks choose to take their insurance pre-license course online.
These courses are created specifically to give you the skills you need to pass the test. Each line of authority in Tennessee requires twenty 20 hours of pre-license education. This means that if you wish to get a Property and Casualty license, you must take forty 40 hours of pre-licensing, and for Life, Accident, and Health you must also take forty 40 hours.
You will receive a certificate upon completion of the course. Keep this certificate, as you will need it when taking your exam. For required insurance pre-license courses and exam prep , StateRequirement recommends: Kaplan Education Company. The next step after completing all of your pre-license coursework or self-study is to take the insurance exam. You will take one exam for each line of insurance you wish to carry. This means that you will take these exams on the same day, and pay only for one test sitting.
This will essentially half the cost of your exams if you pass them all on the first attempt. This is a proctored test, which means that you will be in a controlled environment with a person watching over you.
When you show up you must have a photo ID any other documents that the testing facility has asked you to bring. You must also bring your pre-license certification. Each insurance license test is split into two sections: General Knowledge 50 questions and State Specific 18 questions. Check out our Insurance Exam Guide. This and more are explained in my ebooks which are affordably priced. Good Luck Don. Hi Don. Thank you for this information.
I am in California and would not have a lot. Is it possible for me to get a dealer license? The display area of the principal place of business must be of sufficient size to physically accommodate vehicles of a type for which the dealership is licensed to sell.
The display area must be clearly for the exclusive use of the dealer for display purposes only. You cannot have a license in your residence. If you have a license you cannot sell from your residence. All sales must take place at the dealer location. Here are some things you need to know and understand before you decide to get the dealer license. And with the purchase you receive FREE consulting.
Orlando You can have a dealer license in any state. But every state requires your business location to be in that state. You cannot have a license in NJ and sell cars located in NY.
Dealerships are not restricted to just buying and selling cars within their state. A used car dealer license transcends state lines. A dealership in any state can legally buy and sell cars nationwide, to anyone with no restrictions! So, Don, is this true? I have a used car dealer license in Minnesota, so can I buy and sell cars in Florida? Joe Yes, a dealer can legally sell a car to any person in any state.
But the dealer license stops at the state line. I can advertise cars I have in inventory IN Colorado on the Internet and sell it to anyone in any state. NY Requirement: A display lot with the capacity to show at least 3 vehicles at all times? Thank you in advance.
Thanks in advance. They display in showrooms. So an empty lot with a small office building would work. A small office rented with 3 spaces reserved in the parking lot would work. A commercial storage building with roll-up doors and office space inside would work. Co-locating with another business that meets the total requirements would work.
What are your thoughts on this, please? Dean I have no interests in buying or selling fire trucks so the info would be of no use to me. Yes, honest people can buy and sell cars, as many as they want, if they are licensed.
I have met many of them. No referrals and no repeat sales. I understand your opinion of government agencies. So just stay away from them. No use letting them ruin your happiness.
Focus your concerns with helping others. Don, great and very good information. Just purchase your books, you laid out a very good foundation and steps and time savers.
I did some research, found your site, happy I did. Doing things legitimately and ethically is never having to look over your shoulder. I am working on setting up one step at a time. Thanks for the gift of sharing the wealth of your knowledge. Office can be parked in front of.. I will start my journey tomorrow.
Hi, did tang storage space workout? Pnade Understand, the examples I use are to explain how to interpret the rules of a state. Read the rules and find a location that meets the rules of YOUR state. The example of the storage meets the guidelines in my state. You have to KNOW the guidelines in your state. Just understand as you read rules, there is not a single state that requires a lot. You can have your cars inside a building. A used cars dealer in PA selling his business, he said he would sell the whole business to me so everything including dealer licence will be transferred to my name.
Also he said in some towns new dealership is not allowed to be opened by the town office if there are already too many dealers existing in that area. Any info you have regarding this? Go to the website I show below. They will probably not have the answer there because the question so unique.
Call the PA dealer licensing agency and ask. The phone number is on the top of that document. As far as the city restrictions, call the zoning commission in the city you are looking to place your business. In my ebook of the 12 steps to getting a license, that is one of the 12 steps. Is it not enough to be a car lot? This space could indoors in a small warehouse. It could be on piece of property with a portable building. ALL the rules and requirements are on the PA state site for dealer licensing.
Your display area for cars must fit 5 cars with doors open. No LOT requirements. Of course if you find a small inexpensive area that has 5 spaces outdoor that would be fine.
I see the storage location is used as a dealer. Living in California I read that permeant signage is part of the requirements. Could the signage be hung inside a storage unit? Would a storage unit be feasible in California? The option to share a location in California sound interesting.
Would I have to set up a separate desk, phone line, file cabinet…..? David You are generalizing and missing the point. It has bathrooms. It has an office space. It is large enough to park two vehicles inside. It has large doors at both ends so you can drive a truck through the rented space. The sign he has on the door meets the Colorado signage requirements.
No, signage cannot be indoors. He could put a larger sign OVER the door if the state required it. Most states require that a shared location must have a separate entry and office from the other shared business. Every state can have different requirements. There are many more issues than just this one in getting your license. Hi Don, I will like to know if it is possible to get a dealer license in Florida to buy and sale cars.
Without a business location or lot. Thanks Renzo. There must be a location to sell and show a vehicle. These examples confoirmed to rules of a business location for a dealer in their state. Can is it legal for me to rent a dealers license from a person in the same state I am in California?
A dealer can put you on his access to dealer only auctions. The title will be assigned to the dealer. Is this a bad idea? Doing this? If you pay a dealer to put you on the access and you can buy and sell under the dealer info? But you need to understand, the dealer owns the vehicle. The dealer has the auction account. So this means if you are added to the auction list, you can only sell the vehicle as a rep, agent or salesperson of the dealership.
And the sale must be made at the dealership. It cannot be made from a home or a Walmart parking lot. This rule is to protect the consumer. They cannot without special permission. Example: there is an annual county fair and a dealer wants to set up a sales tent and vehicles. This can be done but the dealer has to complete a form and gets approval from the state.
Some folks will say but I just want to sell on the Internet or Craigslist. They advertise on these media. The sale takes place where the buyer views, drives and negotiates the price.
At the dealership. How many dealers do you see selling vehicles from driveways or parking lots of stores? I would like to purchase a dealer license in Georgia and I have read over the application; it seems as if a storage building would work however they require a landline phone which is asinine. Do you know any way of getting around that?
I appreciate your help.
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