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AGENTS & BROKERS: LIFE-ONLY AGENT (LO)
LICENSE INFORMATION

Authorizing Act with Definitions

Section 32 of the California Insurance Code reads, in part:

(a) A life licensee is a person authorized to act as a life agent on behalf of a life insurer or a disability insurer to transact any of the following:

(1) Life insurance.
(2) Accident and health insurance.
(3) Life and accident and health insurance

(b) Licenses to act as a life agent under this chapter shall be of the types set forth in Section 1626.

Section 1626 of the California Insurance Code reads, in part:

(a) A life licensee is a person authorized to act as a life agent.  Licenses to act as a life agent under this chapter shall be of the following types:

(1) Life-Only, which license shall entitle the licensee to transact insurance coverage on human lives, including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income.

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