Which term means moving from one employer to another?

Which term means moving from one employer to another?

• A. nonresident producer
• B. transfer
• C. temporary license
• D. rollover

Answer: (B)

Moving from one employer to another is called a transfer. In insurance licensing, you have a state license to sell, and you must be appointed by a company to represent its products. When you switch jobs, you transfer your appointment from the old employer to the new one, so you can continue selling under the new company while your license remains active (subject to state rules). The other terms describe different ideas: a nonresident producer relates to where you reside versus where you’re licensed; a temporary license covers short-term licensing needs; a rollover is a retirement-account term, not about licensing.

Moving from one employer to another is called a transfer. In insurance licensing, you have a state license to sell, and you must be appointed by a company to represent its products. When you switch jobs, you transfer your appointment from the old employer to the new one, so you can continue selling under the new company while your license remains active (subject to state rules). The other terms describe different ideas: a nonresident producer relates to where you reside versus where you’re licensed; a temporary license covers short-term licensing needs; a rollover is a retirement-account term, not about licensing.