What does License mean? Read on to discover the definition & meaning of the term License - to help you better understand the language used in insurance policies.
Certification issued by a State Department of Insurance that an individual is qualified to solicit insurance applications for the period covered. Such license is usually issued for a period of one year, but is renewable on application. Agents should carefully study the licensing laws and regulations of their own states.
We hope the you have a better understanding of the meaning of License.