Becoming an insurance agent can be considered a worthwhile investment as it offers many opportunities. To become one and have your name on the Minnesota Department of license lookup, you should certainly get your insurance license. Nonetheless, it is not a finger-snap process. There are certain requirements attached to the process.
To obtain a license to sell insurance, the licensing process should be completed. It includes a few obligatory stages.
Pre-licensing education is the key. You are to choose between online or offline courses. You must complete the following hours:
Once you are done with the pre-licensing courses, you will receive a certificate of completion. Keep this certificate. You will need it for the upcoming stage.
The next stage of licensing is passing the state licensing examination. You must take only one exam for each line of insurance you want to specialize in.
Getting fingerprinted and passing the background check is the other stage. If you have criminal past, that might affect your licensing efforts. After passing the Minnesota insurance license exam, the last stage is applying for the license. You can submit an application here. Once you are a licensed insurance agent, it is preferable to complete continuing education every year.
If you are looking for more details on the licensing process, click here.
To get certified as an insurance agent in the state of Minnesota, you should pay these fixed fees:
You will also need to pay for pre-licensing education. The amount of money you will pay depends on the educational institution.
And if you do not succeed on your first trial and fail the state licensing exam, you will need to pay additional $39 for another examination attempt.
Having committed a crime or an act of felony can prevent you from getting an insurance license. That is why almost every state requires having your fingerprints taken and passing a background check.
Getting your insurance agent license may seem difficult, but, in fact, it is not, compared to other professions. You do not need to earn a Bachelor’s or Master’s Degree. A high school diploma is enough.
The only difficulty you may have is to prepare and study well for both the pre-licensing courses and the state licensing exam.
What comes to the exam, many agents confirms that it is easier than they have imagined. It consists of multiple-choice questions. The questions cover general and state section knowledge. You must get at least 70% of the answers correct to pass it.