Taking the Insurance Exam

Posted on: Friday, November 8, 2013

You have decided to pursue a career in the insurance industry. Congratulations! Now the real work begins, as you prepare to take your state’s certified insurance license exam.

Different States, Different Rules

If you aspire to be an insurance agent or broker, you should know that each state requires insurance agents to hold a license to sell policies. A majority of states also require separate licenses for selling property/casualty insurance, and for life/health insurance. Prospective insurance agents in most states are also expected to complete pre-licensing classes before undertaking their state licensing exams. These states typically require a specific number of class hours for each individual type of insurance. In many states, applicants who hold certain certifications from other states or specific professional designations may be exempt from some pre-licensing requirements. Typically, applicants who have undergraduate degrees in accounting, economics, business, or math have greater success in passing the exam their first time.

Get a Sponsor

In many cases, companies will sponsor new applicants. Sponsoring companies have employees who can give you all the information necessary regarding state requirements, and they will walk you through the process of signing up for classes, if necessary. If you do not have a sponsor, information regarding your particular state requirements are available online through your state insurance department or agency. If pre-licensing is not required in your state, but is optional, you should seriously consider taking advantage of it. Of course, if a pre-license exam is required in your state, you must pass that exam before moving on to the formal, official test.

The Penalty of Failure

You must pass both the insurance and the legal portions of any exam, or you will be required to take the exam again if you want that license. You must pay an examination fee every time you take the exam, so the more times you take the exam, the more expensive the process becomes. Better preparation means money saved.

How to Prepare

Once you schedule your license exam, review your class notes every day, focusing on the material which gave you the most trouble. Research this material online, and search for online practice exams. If you have a company sponsor, ask people there if they remember any particular questions from their exams, and study this material.

Finally, this can be a stressful experience for many. Exercise regularly after scheduling your exam, so you can be in shape for the rigors of the examination. Get plenty of sleep the night before, so that you will be fresh. Whatever you do, remember all the hard work you went through leading up to the exam. You know the material. Believe in yourself, and the results will follow.

Got questions? Want to learn more? At Core Benefits Group, we have answers. Give us a call at 1-877-214-2969.   


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