State Licensing of insurance is holding back growth
I usually don't complain but I have to when it comes to State licensing. I am currently licensed throughout most of the U.S. Every year the amount of fees that has to go to States just to keep those licenses is ever growing. Every State has its own system and requirements, not to mention their own forms and paperwork. Currently it is becoming a full time job just to keep up. This has to be holding back insurance growth across the country. Agents and brokers are most likely electing not to write insurance in some States just to cut down the work load. How many States are loosing premium tax revenue because of this? I would really like to see a study done. Oh, well enough complaining, until next time be careful out there and know your risks. K