by Paul Caldwell The prelicensing education requirement for a Life-Only Agent and Accident and Health Agent applicant consists of the current 40-hour prelicensing course that is product specific and a 12-hour prelicensing course on code and ethics. Therefore, there is a 52-hour prelicensingrequirement for these licenses.
Pre-licensing Minimum Hour Requirements. Life, Accident and Health Agent - 40 hours. Life Agent - only 20 hours. Accident and Health Agent - only 20 hours. Personal Lines Agent - 40 hours. Property/Casualty Agent - 90 hours. Property/Casualty Broker - 90 hours. Personal Lines Broker - 40 hours. Life, Accident and Health Broker - 40 hours.
Sep 27, 2017 · In California, the Life, Health, and Ethics pre-licensing training requirement is a total of 52 hours. That includes 20 hours for Life, 20 hours for the Accident and Health, and 12 hours of Ethics and Code training. The coursework includes: General Insurance Principles and Concepts
Nov 12, 2021 · The prelicensing education requirement for a Life-Only Agent and Accident and Health Agent applicant consists of the current 40-hour prelicensing course that is product specific and a 12-hour prelicensing course on code and ethics. Therefore, there is a 52-hour prelicensingrequirement for these licenses. Contents
On both websites is a list of approved prelicensing providers that an applicant may contact for scheduling of courses. Insurance Candidate Guide; All applicants must complete the following: An approved twenty (20) hour course for the Life examination; An approved twenty (20) hour course for the Accident and Health or Sickness examination
| LINE OF AUTHORITY | REQUIRED HOURS OF STUDY |
|---|---|
| Code and Ethics* | 12 hours |
| Life (includes Code and Ethics)* | 32 hours |
| Accident & Health (includes Code and Ethics)* | 32 hours |
| Life and Accident & Health (includes Code and Ethics)* | 52 hours |
| Examination Type | Time Allowed | Number of Questions |
|---|---|---|
| Bail Agent | 2 hours | 75 |
| Life, Accident and Health Agent | 3 hours | 150 |
| Life-Only Agent | 1.5 hours | 75 |
New license candidates must satisfactorily complete 20 hours of education for each insurance line. For a Life and Health license, you need a total of 40 pre-license training hours. To maintain a license in Nevada, producers must complete 30 hours of Continuing Education within a three-year licensing period, including three hours of ethics training.
In California, the Life, Health, and Ethics pre-licensing training requirement is a total of 52 hours. That includes 20 hours for Life, 20 hours for the Accident and Health, and 12 hours of Ethics and Code training. The coursework includes:
While a high school diploma is technically the only requirement for an insurance sales agent, most companies prefer that insurance agents hold a college degree. Aspiring insurance agents should consider taking courses in business, economics or finance to be more effective in selling insurance as a product.
General Insurance CE Requirements in the State of California If you’re an insurance broker or agent specializing in Property and Casualty, Personal Lines, Life, Accident, or Health insurance in the state of California, you must complete a total of 24 hours of insurance continuing education every two years.
REQUIRED HOURS For Title Agents: Florida requires that each title agent complete 10 hours of continuing education, including 3 hours of state-approved and license-specific ethics credits.
Difficulty #1: Commission-Based Pay The majority of life insurance companies classify their agents as independent contractors. They offer neither base salaries nor benefits. This means an agent can work a full week, but if the agent puts no sales on the books, they go without a paycheck.
Life insurance agents can make good money, because their salary is often largely based on commission, even when an employer pays them a base salary. If you are an independent insurance agent, commission rates become even more important because you will only be paid based on commission.
In accordance with Insurance Law Section 2132, 15 credits of continuing education (CE) are required to renew or to relicense certain insurance licenses.
To check your continuing education hours, you may visit our License Status Inquiry Web page, for on-line license status information. The continuing education provider has 30 days from the course completion date to submit the student roster to the department.
An approved ten (10) hour course for the Medicare Supplement/Long-Term Care examination
If an applicant exempted from prelicensing education fails the examination, the applicant must successfully meet North Carolina's mandatory prelicensing education requirement prior to retaking the examination.
Certified Insurance Counselor (CIC) or. Holder of degree in insurance (associate or bachelors) If an applicant exempted from prelicensing education fails the examination, the applicant must successfully meet North Carolina's mandatory prelicensing education requirement prior to retaking the examination.
Adjusters are not required to take prelicensing education but must take the examination
Resident applicants that are qualifying by clearance letter within 90 days after establishing legal residence do NOT have to take prelicensing education or the examination. An individual who is licensed in another state or jurisdiction for the same kind of insurance as that for which applied.
Accident and health insurance provisions (claim forms, time of claims, change of occupation, pre existing conditions, policy continuation, etc. ) Legal and tax implications of health insurance premiums, benefits, and withdrawals.
There is a lot of information covered in the life and health insurance licensing exam. It helps to break down your efforts into manageable chunks, with practice questions interspersed throughout your studying. A pre-licensing education course will do this for you by providing study modules online or through a workbook.
State-approved pre-license education courses are required to cover the ins and outs of the insurance licensing exam during the course. Exam Reservation and Admissions Ticket: Your course facilitator or workbook will cover the process to scheduling your exam and getting your admissions ticket.
Taking a licensing exam is often the first major milestone on the journey to become an insurance agent. A life and health insurance license is one of the most popular, given the demand for specialists in this type of insurance. Testable areas of all insurance exams include the benefits of insurance, how to work with clients, ...
All of the state insurance licensing exams require test-takers to apply their knowledge to real world scenarios. The exams are designed this way to ensure that license holders are prepared to answer real world questions from actual clients.
The cost of the life and health insurance exam varies by state. For example, each insurance exam in North Carolina costs $45. Neighboring Virginia has a $35 fee per exam. If you choose to take the life and health insurance exams separately, you will need to pay for two exam fees and might need to complete two separate pre-licensing education courses.
The actual life and health insurance license exams are timed and range from one hour and fifteen minutes to over two hours. Try to replicate your test requirements as closely as possible during your practice tests, including enforcing time limits, closing study materials, and turning off personal electronic devices.
A preexisting condition diagnosis/loss must occur within 6 months before effective day of coverage for a Long Term Care Policy.
Misappropriating more than $150 is a Class 3 felony.
Medicare Supplements have a free look period of 30 days from delivery for a full refund of all premiums paid.
A: The president of a life insurance company.
There are two separate accounts for Guarantee Associations, Life and Health.
For a group LTC plan that is issued to an association, the group must have at least 100 members and have existed for a reason other than buying insurance.
An association must have been in existence for at least 5 years in order to purchase a surety bond in their own association name.
Each of the four main lines of licensing authority: Life, Health, Property and casualty require 20 total course hours of which 7.5 must be classroom hours.
If a producer does not complete the CE requirement, their license is automatically terminate subject to the ability to reinstate the lapsed license within 12 months at a double license fee and completed the CE requirement.
How many days prior notice of cancellation must an surety, who has issued a producer surety bond, provide to the principal of the bond? A: 10 days
Anyone who sells, solicits or negotiates insurance in Illinois is guilty of a Class A misdemeanor which can result in a jail sentence of up to one year. X has solicited the sale of an insurance product without a license to do so.
B: $100 is the statutory refund limit by an insurer.
Any producer who represents an insurance company collects all premium on behalf of that company as a legal agent. This means the law considers such funds to have been received by the company (the principal) even if the producer (the agent) never forwards the money to the company but instead steals the funds.
The state requires those who enroll in the Premium Live Online Package to Pre-Study 12.5 hours per line of authority and to answer attendance verification polling questions for the entire live online class to earn credit.
Prelicensing education certificates are valid for one year from the date of completion. The state requires those who enroll in the Premium Live Online Package to Pre-Study 12.5 hours per line of authority and to answer attendance verification polling questions for the entire live online class to earn credit.
How to Get Your Illinois Insurance License. 1. Complete an Insurance Prelicensing Course. Illinois requires those seeking an insurance license to complete prelicensing before taking the state licensing exam. Prelicensing courses with Kaplan give you the best chance to pass—our pass rates are among the highest in the industry.
The Texas Designated Home State (DHS) Adjuster license is available to an individual who is a resident of a state that does not license adjusters. This means you can obtain the Texas Property/Casualty Adjuster license just as a Texas resident adjuster would and complete the Texas bi-annual continuing education requirement. The Texas DHS Adjuster license is highly respected in the industry and can significantly enhance your credibility as an adjuster in your home state.
In-Class Exam In Illinois, an in-class graded exam is given to test your readiness for the state exam. The test must be passed with a 70% or greater in order to receive a certificate of completion.
To schedule an exam, contact Pearson VUE at http://www.pearsonvue.com or 800-274-0402.
All candidates are required to bring identification that is deemed acceptable to the test center on the day of examination. Candidate must present two forms of current signature identification. The primary identification must be government-issued and photo-bearing with a signature and the secondary identification must contain a valid signature. Identification must be in English.
Step 2: Schedule your exam with your state’s testing provider, Pearson VUE.
You will receive a score report that is marked “pass” or “fail.”. If you pass your exam the score report will include license application directions. If you fail your exam you will receive a score report that includes the numeric score and diagnostic information. Step 4: Apply for your license.
Your exam experience is dependent on the line of authority you are testing for but all exams take place by computer. Carefully review the below examination breakdowns to learn important factors like: