What is the process of obtaining an insurance license?

In Idaho, obtaining an insurance license requires applicants to complete an approved insurance pre-licensing course, pass the applicable state test, and submit the license application and associated fees. To begin, potential licensees must first complete an approved insurance pre-licensing course related to the type of insurance they wish to sell, such as home, auto, health, etc. The pre-licensing course helps to prepare individuals for the state exam in which they must pass with a 70% or higher. Next, they must take and pass the state exam, which is administered by a third party. The exam consists of multiple-choice questions about insurance law and regulations specific to the state of Idaho. Once the exam is passed with a 70% or higher, applicants are eligible to submit a license application to the Idaho Department of Insurance (DOI). Along with the application, licensees must submit documents proving residency status, as well as a background check and proof of completion of the insurance pre-licensing course and passing of the state exam. Applicants must also pay an application fee around $60 as well as a licensing fee around $30. Once the application, certificates, and fees are complete, the DOI will review the application. If all is in order, applicants will receive their license in the mail within a few weeks. After that, they are eligible to begin selling insurance in the state of Idaho.

Related FAQs

What are the requirements for insurance fraud investigation?
How do I file a complaint against my insurance company?
What legal recourse do I have if I am denied an insurance claim?
What type of coverage is included in auto insurance policies?
What is the role of the insurance commissioner?
How are insurance premiums calculated?
What is the process for filing an insurance claim?
What is an insurance policy?
How can I protect myself from financial losses due to natural disasters?
What is an umbrella policy?

What is the process of obtaining an insurance license?

Related FAQs

Related Blog Posts