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📄 '''Life and health license''' is a regulatory authorization that permits an individual or entity to sell, solicit, or negotiate [[Definition:Life insurance | life insurance]] and [[Definition:Health insurance | health insurance]] products within a specific jurisdiction. In the United States, where the term is most commonly used, each state's department of insurance issues these licenses after candidates pass qualifying examinations and meet continuing education requirements. Other markets use analogous credentialing systems — the United Kingdom's Financial Conduct Authority requires approved person status, and jurisdictions across Asia such as Singapore and Hong Kong mandate licensing through their respective monetary or insurance authorities — though the specific categorization and scope of each license varies.

🔧 Obtaining a life and health license typically requires completing pre-licensing coursework covering [[Definition:Policy | policy]] forms, [[Definition:Underwriting | underwriting]] basics, regulatory ethics, and the features of products such as [[Definition:Term life insurance | term life]], [[Definition:Whole life insurance | whole life]], [[Definition:Annuity | annuities]], [[Definition:Disability insurance | disability]], and medical expense coverage. After passing the requisite examination, the licensee must affiliate with or be appointed by one or more [[Definition:Insurance carrier | carriers]] before placing business. Maintaining the license requires periodic continuing education and adherence to market conduct standards; violations can result in suspension or revocation. In the U.S., the [[Definition:National Association of Insurance Commissioners (NAIC) | NAIC]] has promoted reciprocity agreements and the Producer Licensing Model Act to harmonize requirements across states, though meaningful differences in scope and process persist.

⚖️ Proper licensing serves as the foundation of consumer protection in the distribution of life and health products. Because these products involve long-duration commitments — sometimes spanning decades — and directly affect policyholders' financial security during illness, disability, or death, regulators impose licensing requirements to ensure that [[Definition:Insurance producer | producers]] possess adequate knowledge and are subject to ongoing oversight. For [[Definition:Insurance carrier | carriers]], [[Definition:Managing general agent (MGA) | MGAs]], and [[Definition:Insurtech | insurtech]] platforms distributing life and health products, verifying that every individual in the sales chain holds the correct license is a compliance imperative; failures expose the organization to regulatory penalties, policy rescission risk, and reputational harm.

'''Related concepts:'''
{{Div col|colwidth=20em}}
* [[Definition:Insurance producer]]
* [[Definition:Property and casualty license]]
* [[Definition:Surplus lines license]]
* [[Definition:Continuing education]]
* [[Definition:Market conduct]]
* [[Definition:National Association of Insurance Commissioners (NAIC)]]
{{Div col end}}

Definition:Life and health license - Revision history

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