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To take an insurance agent class and get licensed, you'll need to meet the basic requirements. Most states require you to be at least 18 years old and have a high school diploma or equivalent.
In the United States, insurance agent classes are typically offered by state-licensed schools, which have been approved by the state's insurance department. These classes usually cover topics such as insurance laws, ethics, and policy types.
To get licensed, you'll need to complete a pre-licensing course, which typically lasts several weeks or months, depending on the state and the type of license you're seeking.
Obtaining a License
To become an insurance agent, you'll need to obtain a license. In Georgia, there are several types of insurance licenses you can get, including credit, life, and casualty insurance. One license might qualify you to sell more than one class of insurance.
The requirements for an insurance license vary by type. You'll need to do your research and learn about each one to determine which license is right for you.
To apply for a license, you'll need to submit an application to NIPR, which includes paying a $10 fee for each line of authority. You'll also need to complete a citizenship affidavit and upload a copy of your identification documents.
Before taking your exam, make sure to register for a fingerprinting appointment, as this is a required step in the licensing process. You can find instructions on how to register for an appointment on the NIPR website.
Here are the steps to follow to obtain a license:
1. Choose the type of insurance you want to sell
2. Review the licensing requirements
3. Complete your prelicensing education requirement
4. Make a reservation to take your exam
5. Gather what you need to take your exam
6. Take your exam and receive your results
7. Complete the citizenship affidavit
8. Apply for your license
9. Complete fingerprinting registration
Note that Pearson VUE is your primary contact for all inquiries about Agents & Agency Licensing and Continuing Education. You can reach them at 800-274-8969 for assistance.
Becoming an Insurance Agent
To become an insurance agent, you'll need to meet the requirements set by your state. In Ohio, for example, you'll need to complete a mandated pre-licensing course online.
This course will provide you with the necessary knowledge to pass the state's licensing exam. You'll need to sit and pass this exam to become a licensed agent. The exam is a crucial step in the process, so be sure to study hard!
Once you've passed the exam, you'll need to complete the state application. This will involve providing personal and professional information, so be sure to have all the necessary documents ready.
Getting fingerprinted is also a requirement in Ohio. This is a standard procedure for all insurance agents, so be prepared to follow the necessary steps.
Required Courses and Training
Insurance agents can take online courses through the FEMA Emergency Management Institute (EMI) Independent Study Program to learn about the National Flood Insurance Program (NFIP).
These courses are not approved for CE credit by any State Department of Insurance, but they do provide valuable information on writing flood insurance for condominiums and commercial exposures.
The Insuring Condominiums course (IS-1108) and Writing Commercial Exposures course (IS-1110) are two examples of online courses available through the EMI program.
Each hour of instruction completed earns 0.1 CE units through the International Association for Continuing Education and Training (IACET).
To earn CE credits, insurance agents must confirm in advance that their professional board or accrediting entity will accept IACET CE, and can check the IACET website for a list of accepted entities.
Here are some key courses and their descriptions:
- Insuring Condominiums (IS-1108): Provides a broad overview of insuring condominiums through the NFIP.
- Writing Commercial Exposures (IS-1110): Offers practical insights on identifying, targeting, and writing commercial risks through the NFIP.
- Increased Cost of Compliance (IS-1100): Covers ICC coverage and eligibility, and takes learners through the claims process.
Insurance agents can also take a two-part Key Fundamentals of Flood Insurance Webinar to learn about the NFIP. This webinar covers topics required by the Flood Insurance Reform Act (FIRA) of 2004 and is approved for continuing education credits in all 50 states and the District of Columbia.
Some states require that both parts of the course must be completed on consecutive days to receive four hours of continuing education credits. Currently, there are no continuing education credits available in Puerto Rico, Guam, or the Virgin Islands.
Frequently Asked Questions
Do insurance agents make good money?
Yes, insurance agents can earn a high income due to commission-based pay, offering strong earning potential and opportunities for growth. With no limit to their earnings, a career in insurance sales can be a lucrative option.
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