Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Today, Stefanie Cantu, Licensing Supervisor at Insurance Licensing Services of America, Inc. (ILSA), shares her dos and don’ts for license renewals. Her secret for success: Be proactive. States usually open the window for renewals 45 to 60 days before the license expiration date; take advantage of that time.
And if you only learn one thing from this podcast, let it be this: If you do miss the renewal window, don’t write business on the lapsed license. Take care of the renewal first.