If an insurance producer lets their license lapse, what is the timeframe within which they can reinstate it without taking an examination?

When an insurance producer's license lapses, they have a specific timeframe in which they can reinstate it without the requirement of retaking the examination. The correct timeframe is 12 months. This policy is in place to encourage producers to maintain their licensing in good standing while providing a grace period to reinstate their licenses without the additional burden of re-examination. This is particularly beneficial for producers who may have encountered temporary situations preventing them from practicing or renewing their license on time, allowing them to quickly return to their profession without losing their prior knowledge and experience.