AAI-M Practice Questions - AAI-M Accredited Adviser In Insurance-Management Exam

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Under the NAIC Producer Licensing Model Act, which of the following best describes the licensing requirement for an individual selling personal auto insurance in multiple states?

A single national license issued by the NAIC covers all states A resident license in the producer's home state, plus non-resident licenses in each additional state where the producer transacts insurance Only the home-state license is required as long as the producer never physically travels to the other states Producers are exempt from licensing if they only sell personal lines

Correct Answer:

A resident license in the producer's home state, plus non-resident licenses in each additional state where the producer transacts insurance

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