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It depends on the bankruptcy... In NJ, if it is a personal bankruptcy & didn't involve any breach in fiduciary responsibility or money of insurers or insureds then it will not prevent one from renewing or attaining an insurance license.
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Can you obtain a life insurance license after bankruptcy?
That will depend on the licensing regulations in your state.
Can I renew my life insurance license after bankruptcy in PA?
Bankruptcy will not prevent you from renewing your insurance license. When your license is renewed, one of the administrative action or sanction questions will cover bankruptcy and require you to answer "yes". This will immediately flag your renewal application to require legal documentation. After the renewal has been submitted, you or your compliance service provider will need to submit the proper legal documentation about the bankruptcy to the department(s) of insurance for review. Failure to supply the proper documentation can result in the rejection or expiration of the application resulting in license cancellation. The cancellation could then result in fines and administrative actions. Producers who receive administrative actions, fines, sanctions or file for bankruptcy are required to notify the departments of insurance in all states where they hold active licenses within 30 days. Failure to report these actions may result in further administrative actions including fines and license revocation.
Can you lose your life insurance and securities licenses if you file bankruptcy?
Probably not; bankruptcy law generally prohibits the revocation of any license due to filing bankruptcy. However, if you're Bernie Madoff (or someone like him), that may not hold; fraudulent debts generally can't be discharged, and thus are prime targets for license revocation. (Also, if you have a securities license you may NOT be allowed to file Chapter 13; ask your attorney.)
Can you cancel your insurance if your car is in bankruptcy?
Absolutely not! If you are still using the vehicle, it must be insured. However, the insurance payment would not be covered by the bankruptcy.
Can bankruptcy court get the proceeds of a life insurance policy?
The Bankruptcy Court has every right to claim the proceeds of a life insurance policy once you are declared by them as insolvent.
Can Home bancruptcy affect getting my insurance license?
Can a home bankruptcy affect getting my insurance license?
How would bankruptcy affect a license to sell insurance?
Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.
Can you obtain a life insurance license after bankruptcy?
That will depend on the licensing regulations in your state.
Will a bankruptcy affect getting your insurance license?
In the State of Georgia, it probably doesn't. However, it does affect the ability to get insurance contracts and advances.
Can I renew my life insurance license after bankruptcy in PA?
Bankruptcy will not prevent you from renewing your insurance license. When your license is renewed, one of the administrative action or sanction questions will cover bankruptcy and require you to answer "yes". This will immediately flag your renewal application to require legal documentation. After the renewal has been submitted, you or your compliance service provider will need to submit the proper legal documentation about the bankruptcy to the department(s) of insurance for review. Failure to supply the proper documentation can result in the rejection or expiration of the application resulting in license cancellation. The cancellation could then result in fines and administrative actions. Producers who receive administrative actions, fines, sanctions or file for bankruptcy are required to notify the departments of insurance in all states where they hold active licenses within 30 days. Failure to report these actions may result in further administrative actions including fines and license revocation.
Can you file bankruptcy to reinstate your drivers' license for an accident and driving without insurance?
The idea behind takin away the drivers license was that you were being irresponsible to drive without insurance. Now you want to demonstrate how irresponsible you REALLY are by filing bankruptcy to get out of your moral obligation. I sincerely hope the court will require you to pay for the damages to the other vehicle BEFORE they let you drive again.
Can you lose your life insurance and securities licenses if you file bankruptcy?
Probably not; bankruptcy law generally prohibits the revocation of any license due to filing bankruptcy. However, if you're Bernie Madoff (or someone like him), that may not hold; fraudulent debts generally can't be discharged, and thus are prime targets for license revocation. (Also, if you have a securities license you may NOT be allowed to file Chapter 13; ask your attorney.)
How do you file bankruptcy to get a judgment off your driver license?
Filing for bankruptcy will have no effect on any judgement that has been applied against your dirvers license.
Can you cancel your insurance if your car is in bankruptcy?
Absolutely not! If you are still using the vehicle, it must be insured. However, the insurance payment would not be covered by the bankruptcy.
Insurance company in the Philippines that declared bankruptcy?
according to history no insurance companies has been bankrupt because all insurance companies are under the insurance commission which is a government body. in addition, there's no gov't. body has been into bankruptcy. only pre-need companies are going into bankruptcy.
Can you file personal bankruptcy and get a law license?
Yes
Do you have to get auto insurance when you get your license?
No. You need not get insurance when you get a drivers license, but you must get insurance when you buy your own vehicle
