California Life-Only & Accident and Health AgentCalifornia Law - GeneralMedium
An insurance agent holds an active life-only license in California. If the agent allows their license to lapse, what is the maximum period after the expiration date during which they can renew the license without having to retake the qualifying examination?
- A2 years
- B6 months
- C3 years
- D1 year
Show answer & explanationAnswer & explanation
Correct answer: D. 1 year
California Insurance Code Section 1718 states that a license may be renewed at any time within one year from the expiration date, provided that the renewal application and fee are submitted. After one year, the licensee must reapply and retake the qualifying examination.
Why the other options are wrong
- A. This period is incorrect; after one year, the exam must be retaken.
- B. This period is too short; the grace period is longer.
- C. This period is incorrect; after one year, the exam must be retaken.
License Renewal Grace Period (CA)
California insurance agents have a specific window after their license expires to renew it without needing to pass the qualifying exam again.
- Grace period is one year from expiration.
- Renewal application and fees must be submitted.
- After one year, re-examination is required.
Memory trick: One year to renew, or back to school for you!