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Steps on how to get an insurance license

There are some steps that you should take if you are thinking about learning how to get an insurance license. There are three things that you need to take into consideration.<br>https://agencyheight.com/how-to-get-an-insurance-license/

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Steps on how to get an insurance license

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  1. How to get an insurance license And work as an Independent Agent

  2. Introduction • This presentation is for anyone looking to start a career as an insurance agent. • The purpose of this presentation is to inform how one can become an insurance agent in the US. • The career of an insurance agent is fulfilling and lucrative.

  3. How to get an insurance license? • Know the state requirements • Take the license examinations • Choose whether you want to become a captive or an independent agent

  4. State requirements • The regulations for insurance are different in every state, so you need to check the requirements beforehand. • You have to be above 18 years old to apply for the insurance license, likewise there are several other requirements that you need to check. • You will need a separate license for every state in which you want to work. • Also, you will have to decide the line of authority in which you want to work, i.e personal or commercial lines.

  5. License examinations • Keep in mind that the insurance license examination varies with every state. • To earn your insurance license, you will have to score 70% or higher. • Pre-licensing education is a must, and makes taking the exam easier • The hours you have to invest in the pre-licensing course also varies between states and the line of insurance you have chosen.

  6. Take our pick - Captive or independent • Both positions have their pros and cons. • While captive agents receive the support of the carrier they represent, they cannot work for more than one carrier. • Captive agents are limited to the policies they can offer, which means there's less variety for the insured to choose.  • Likewise, the flexibility these agents have is less than that of the independent agents as they work as an employee for their parent company.  

  7. Take our pick - Captive or independent • On the other hand, working as an independent agent offers more flexibility. • Independent agents can represent more than one insurance provider as compared to captive agents. • Independent agents have a better variety of policies to provide the insureds. • As a result, there is more diverse sources of income for independent insurance agents.  

  8. What next? • Work as an insurance agent • Gain experience and more knowledge • Build your book of business • Get a sense of the industry and its trends • Next step? – Set up your own agency!

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