Getting an Insurance License

Becoming a financial services professional can be rewarding, but a bit challenging at first. Knowing how to get started and having the right tools to help you succeed in getting up and running. That’s where we come in.

We will coach you with the steps to take to get licensed and if you need; help you get placed in the industry.

Outline

  1. Required course/hours (some states)
  2. Pass licensing exam
  3. Get fingerprinted
  4. Submit licensing application
  1. Required course/hours

Check your state’s guidelines to see if this is required. There are local schools that have “live” classes to cover required/related material. Make sure it is a school that is approved by your state’s department of insurance. Most states also allow online training where you can log in online and complete your required hours while learning the material.

Choose the study program that is best for you. Classrooms have more interaction however will cost more than the online training. Online training allows you to learn from home and on your time. This may take some discipline on your part.

Some states do not have a required course/hours to take your licensing exam. You will still need to study in order to pass your exam. Consider registering for our material.

Look up your state’s guidelines here, NAIC.org

2. Pass licensing exam

There are a few testing facilities that may be available for you to take your exam. Again, check with your state department of insurance to see a list of approved locations near you. The exam is typically proctored to protect the integrity of the exam.

Don’t cheat. Don’t even look like you may be cheating.

In most states, you will need to pass an exam to meet this requirement. Typically between 100-150 multiple choice exam questions.

Learn what is needed to pass in your state.

You will typically have to pass with at least 70% (that’s basically a C-) Do not take the exam lightly though. It’s not an easy 70% to achieve. New terminology, products, concepts, laws and practices to learn. It’s like learning a whole new language at times. It is pass-able if you dedicate time and energy in your studies.

3. Get fingerprinted

When you pass your exam, you will typically get “Livescan” fingerprinted. You may be able to complete this step prior to taking your exam. If you do, there is a form that you will need to fill out and take with you. Again, check with your state’s department of insurance website to get the correct form.

When all previous items are completed, you can submit your online application for your license.

4. Submit licensing application

Most states allow you to submit your licensing application online. Go to the department of insurance website in your state and search “filing an online application.”

You can go to “NAIC.org” and click on your state on the map to get to your state’s online website and look for application process. (The application link may take you to the SIRCON system to file.)

You will typically have to provide at least a 5 year history of where you have worked, lived, and any criminal background. It’s better to provide all information if you think it may be an issue. (If you are thinking about whether or not to list a blemish from the past; list it. It’s better to provide all the information for them to review versus not listing it and they find it. Now it’s a concealment issue.)

You will have to pay your application fee and click submit. Please make sure you save a copy of your online application for a period of 5 years. You may need to refer to it if you get another insurance license.

There is typically a 2-3 week delay to review your application and conduct a background check. Once your license is issued, you will want to contact your insurance company to get appointed to start selling their products.

If you have any questions about the licensing process, please contact us.