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To become an insurance broker in Georgia, you'll need to meet the state's licensing requirements. To start, you must be at least 18 years old and have a high school diploma or equivalent.
The Georgia Department of Insurance requires a minimum of 12 hours of pre-licensing education in insurance principles and practices, as well as a passing score on the state licensing exam. This education can be completed through a state-approved school or online course.
You'll need to apply for a pre-licensing education provider approval from the Georgia Department of Insurance before taking the required courses. This will ensure that the courses meet the state's standards.
Once you've completed the pre-licensing education and passed the licensing exam, you can apply for your insurance broker license through the Georgia Department of Insurance.
Complete Required Education
To become an insurance broker in Georgia, you'll need to complete the required education. This typically involves 20-40 hours of pre-licensing education, depending on the type of license you're applying for.
If this caught your attention, see: California Insurance Broker Education Course
For most insurance types, you'll need to complete between 20 and 40 hours of pre-licensing education. For example, each Life, Accident & Health, or Property & Casualty license requires 20 hours, while a combined license, like Life and Health or Property and Casualty, typically requires 40 hours.
Approved providers of pre-licensing education in Georgia include Kaplan Financial, America's Professor, A.D. Banker, and National Online Insurance School. These providers offer both in-person and online courses to fit various learning preferences.
The curriculum generally covers insurance fundamentals, ethics, Georgia-specific laws, and specialized knowledge for your chosen license type.
To qualify for the Georgia insurance license exam, you must complete a pre-licensing insurance course that is certified by the Georgia Office of Insurance and Safety Fire Commissioner.
Here are the specific hour requirements for pre-licensing education in Georgia:
License Type | Course Credit Hours |
---|---|
Life, Accident & Sickness | 40 |
Life | 20 |
Accident & Sickness | 20 |
Your Certificate of Course Completion is valid for a period of 12 months from the date you pass your pre-licensing course final exam.
The specific hour requirements for pre-licensing education in Georgia are as follows:
- 20 Hours - Life Agent
- 20 Hours - Accident & Sickness Agent
- 40 Hours - Life, Accident & Sickness
- 20 Hours - Property Agent
- 20 Hours - Casualty Agent
- 40 Hours - Property & Casualty Agent
- 20 Hours - Personal Lines
- 8 Hours - Variable Products*
- 10 Hours - Navigator
(*A life insurance license is also required.)
Keep in mind that the Certificate of Completion is valid for 1 year from the date of completion, and you'll need to take and pass the state exam within this time period.
State Requirements
To become an insurance broker in Georgia, you'll need to meet the state's requirements. First, you'll need to complete the required pre-licensing education, which ranges from 20 to 40 hours depending on the license type.
The pre-licensing course covers insurance fundamentals, ethics, and Georgia-specific laws, and it's offered by approved providers like Kaplan Financial and National Online Insurance School. You can take the course online or in-person to fit your learning style.
To register for the state exam, you'll need to go to the Pearson Vue website and enter the school code found on your certificate of completion. The exam fee is $67, and you can choose to take the exam in Spanish if needed.
About the State
To prepare for the state exam, you'll need to arrive 30 minutes before your scheduled appointment to allow time for check-in procedures. If you're running late, you won't be allowed to take your exam and will forfeit your exam fee.
You'll need to provide two current forms of identification at the testing center, with the name on the identification matching the name on your registration. The primary identification should be government-issued and photo-bearing with a signature, such as a driver's license or passport.
The state exam is available in the morning, afternoon, and early evening at various locations throughout the state. You can choose from three types of exams: Life, Accident & Sickness, Life, and Accident & Sickness.
Here are the details for each exam:
License Exam | Exam Time | Scored Questions | Pre-Test Questions | Total Questions |
---|---|---|---|---|
Life, Accident & Sickness | 2 hrs | 80 | 10 | 90 |
Life | 2 hrs | 80 | 10 | 90 |
Accident & Sickness | 2 hrs 30 mins | 125 | 10 | 135 |
A passing score is 70%, and you can retake the exam after waiting 24 hours or 60 days after the third exam attempt, whichever is longer.
Exempt
Exempt registration is available for certain entities in Georgia.
In the insurance industry, some entities are exempt from licensure requirements. One such entity is a Third Party Administrator in Georgia, which is exempt as long as it acts directly through its officers and employees.
Exempt registration is not the same as licensure, and it has its own set of requirements.
For a Third Party Administrator to be exempt, it must register with the Georgia Office of Insurance and Safety Fire Commissioner. The registration process is online and does not require a foreign qualification.
The exempt registration fee in Georgia is $55, which includes a $50 annual filing fee and a $5 processing fee.
Non Resident
To obtain a non-resident license in Georgia, you'll need to file online. This is a requirement for both adjusters and agents.
The agency fee for a non-resident adjuster license is $100, which is due biennially by the end of your birth month.
In contrast, the agency fee for a non-resident agent license is $0.
Here's a summary of the filing requirements for non-resident licenses in Georgia:
License Type | Filing Method | Agency Fee | Due |
---|---|---|---|
Non-Resident Adjuster | Online | $100 | Biennially by the end of the licensee's birth month |
Non-Resident Agent | Online | $0 | - |
Remember to check the exact due date for your non-resident license, as it may vary depending on your birth month.
Exam and Certification
To become a licensed insurance broker in Georgia, you'll need to pass the state insurance exam. The exam is computer-based and includes multiple-choice questions covering general insurance knowledge, state-specific laws, and ethical scenarios.
You can register for the exam online at the Pearson Vue website or over the phone at (800) 274-0488. Make sure to enter the school code during registration, which can be found on the certificate of completion.
The exam fee is $67, and Spanish exams are available. However, onVUE online remote proctored exams are not available.
To pass the exam, you'll need a minimum score of 70%. If you fail, you'll need to wait 14 days to retest after the first two failed attempts and 60 days on the third attempt and any subsequent attempts.
To prepare for the exam, review the exam content outlines from the Georgia Office of Insurance and Safety Fire Commissioner or Pearson VUE. This will give you a detailed breakdown of topics and weighting, helping you allocate study time effectively.
For another approach, see: How to Become a Licensed Insurance Agent in Washington State
Create a study schedule that covers all sections and allows time for review. Aim to study daily in the weeks leading up to the exam. Use study guides and practice exams to familiarize yourself with the question styles and time constraints.
Here's a quick summary of the exam details:
- Registration: Online at Pearson Vue website or over the phone
- Exam fee: $67
- Passing score: 70%
- Retest waiting period: 14 days after 2 failed attempts, 60 days after 3 failed attempts
- Study materials: Exam content outlines, study guides, and practice exams
Frequently Asked Questions
What is the difference between an insurance agent and a broker?
An insurance agent represents a single insurance provider, while an insurance broker represents the consumer and can shop for policies from multiple providers. This key difference affects the range of options and personalized service you can expect from each professional.
How long does it take to get an insurance broker license?
Obtaining an insurance broker license typically takes 2-8 weeks, depending on your pace. Get licensed faster and start selling policies sooner
How much does a licensed insurance agent make in Georgia?
In Georgia, a licensed insurance agent can earn an estimated total pay of $122,779 per year, with an average annual salary of $68,387. This figure may vary depending on factors such as location, experience, and type of insurance sold.
How much does it cost to get a life insurance license in Georgia?
The application fee for a Georgia life insurance license is $100, plus a $20 processing fee. Totaling $120, this is the cost to apply for your license.
Is the GA life insurance exam hard?
The GA life insurance exam is challenging due to its complex state regulations, but with proper preparation, you can overcome the difficulty. To succeed, it's essential to create a strict study schedule and focus on making the material both understandable and memorable.
Sources
- https://www.nationalonlineinsuranceschool.com/license-requirements/georgia-insurance-license.php
- https://www.adbanker.com/licensing-requirements/insurance/georgia/pre-licensing/
- https://www.harborcompliance.com/georgia-insurance-license
- https://www.agencyheight.com/insurance-license/how-to-get-insurance-license-in-georgia/
- https://www.xcelsolutions.com/georgia/insurance-license/requirements
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