Idaho Insurance License Exam

Written by: Ethan Peyton

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Idaho Insurance License Exam

Passing your Idaho insurance license exam is a pivotal part of becoming a licensed insurance agent in the state of Idaho.

In this guide, we’ll break down the general information that you need to know in order to pass your exam, outline the differences between each examination line, and offer tips on both: how to prepare for your Idaho insurance licensing exam, and on what to do after you pass.

Tip: Doing a pre-licensing education course dramatically increases your chance of passing your exam on your first attempt, which can end up saving you both time and money in the long run.

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Idaho Insurance Exam Basics

General Information

The state of Idaho uses PSI to administer its insurance agent licensing. This means you can register and book all of your licensing examinations through the PSI website. Your test can be carried out online or in person.

Each major insurance line examination includes both general and state-specific material.

The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the Idaho insurance regulations and laws that you will need to know in order to operate as an insurance agent.

Score Explanation

You must get 70% or above in order to pass your insurance exam(s) in Idaho.

After you finish your exam, your score will be displayed on your screen and a score report will be emailed to you. If you fail, your score report will include a diagnostic report that you can use to identify your strengths and weaknesses.

This can be very useful if and when you decide to re-sit an examination.

If you don’t receive your emailed score report, you can reach out to PSI by emailing them at scorereport@psionline.com. You can also use this email to request a duplicate score report.

Note: You will need to include your name, candidate ID number, and confirmation number in order to request a score report via email.

Cost

Your Idaho insurance license exam cost will depend on the number of examinations that you take:

ExaminationCost Time Allowed
Casualty Producer$60120 Minutes
Disability/Health Producer$60130 Minutes
Life Producer$60130 Minutes
Property Producer$60120 Minutes

Note: You should focus on one exam at a time. This will likely increase the amount of time and effort you can allocate to each examination and should allow you to feel more prepared when you sit your exam.

Recommended

Doing a pre-licensing education course dramatically increases your chance of passing your exam on your first attempt, which can end up saving you both time and money in the long run. For pre-licensing education, StateRequirement recommends:

4.7 out of 5 starsKaplan Education Company

Idaho Life and Health Insurance Exam

Below you can find the content outline offered by PSI.

We recommend using it as a checklist when working through your pre-license education course. This way, you’ll be absolutely sure that you haven’t missed any topic that you will be tested on later on.

Idaho Life Producer Content Outline

95 scorable questions

I. Idaho Statutes, Rules, and Regulations Common to Life, Disability/Health, Property, Casualty, and Personal Lines Insurance

  1. Responsibilities of the Director of the Department of Insurance
  2. Definitions
  3. Licensing
  4. Producer responsibilities
  5. Insurance contracts
  6. Marketing practices

II. Idaho Statutes, Rules, and Regulations Common to Life and Health/Disability Insurance Only

  1. Credit life and disability insurance
  2. Life and Health Insurance Guaranty Association Act
  3. Assignment

III. Idaho Statutes, Rules, and Regulations Pertinent to Life Insurance Only

  1. Policy replacement
  2. Annuity contracts
  3. Individual life
  4. Group life
  5. Rider

PSI National Examination

I. Federal Laws and Regulations

II. General Insurance Concepts

  1. Risk
  2. Classifications of Insurers
  3. Elements of a Contract
  4. Authority and Powers of Producers
  5. Legal Interpretations Affecting Contracts

III. Life Insurance Basics

  1. Insurable Interest
  2. Personal Uses of Life Insurance
  3. Determining Amount of Personal Life Insurance
  4. Business Uses of Life Insurance
  5. Factors in Premium Determination
  6. Premium Frequency
  7. Field Underwriting
  8. Policy Delivery
  9. Company Underwriting

IV. Types of Life insurance Policies

  1. Term Life Insurance
  2. Whole Life Insurance
  3. Universal Life
  4. Variable Life
  5. Variable Universal
  6. Indexed Universal Life
  7. Specialized Policies
  8. Group Life Insurance

V. Life Insurance Policy Provisions, Options, and Riders

  1. Standard Life Insurance Provisions
  2. Beneficiary Designation Options
  3. Types of Beneficiaries
  4. Beneficiary-Related Clauses
  5. Settlement Options
  6. Nonforfeiture Options
  7. Policy Loan and Withdrawal Options
  8. Dividend Options
  9. Disability Riders
  10. Riders Covering Additional Insureds
  11. Riders Affecting Death Benefit Amount
  12. Policy Exclusions

VI. Annuities

  1. Annuity Principles and Concepts
  2. Immediate versus Deferred Annuities
  3. Annuity (Benefit) Payment Options
  4. Annuity Products
  5. Uses of Annuities

VII. Federal Tax Considerations for Life Insurance

  1. Taxation of Personal Life Insurance and Annuities
  2. Modified Endowment Contracts (MECs)

Idaho Accident & Health or Sickness Producer Content Outline

95 scorable questions

I. Idaho Statutes, Rules, and Regulations Common to Life, Disability/Health, Property, Casualty, and Personal Lines Insurance

  1. Responsibilities of the Director of the Department of Insurance
  2. Definitions
  3. Licensing
  4. Producer responsibilities
  5. Insurance contracts
  6. Marketing practices

II. Idaho Statutes, Rules, and Regulations Common to Life and Health/Disability Insurance Only

  1. Credit life and disability insurance
  2. Life and Health Insurance Guaranty Association Act
  3. Assignment

III. Idaho Statutes, Rules, and Regulations Pertinent to Health/Disability Insurance Only

  1. Policy clauses and provisions
  2. Accidental death and dismemberment
  3. Disclosure
  4. Medicare supplement insurance
  5. Long term care
  6. Small employer health insurance availability act
  7. Individual health insurance availability act
  8. Disability income protection

PSI National Examination 

I. Federal Laws and Regulations

II. General Insurance Concepts

  1. Risk
  2. Elements of a Contract
  3. Authority and Powers of Producers
  4. Legal Interpretations Affecting Contracts

III. Accident and Health Insurance Basics

  1. Field Underwriting
  2. Underwriting Requirements (Varies by Insurer)
  3. Sources of Underwriting
  4. Policy Delivery
  5. Definitions of Perils
  6. Types of Losses and Benefits
  7. Classification of Risks

IV. Individual Accident and Health Insurance Policy Provisions

  1. Uniform Required Provisions
  2. Uniform Optional Provisions
  3. Other General Provisions

V. Disability Income and Related Insurance

  1. Benefits Determination for Disability
  2. Qualifications of Disability
  3. Individual Disability Income Insurance
  4. Unique Aspects of Individual Disability Income Underwriting
  5. Group Disability Income Insurance
  6. Business Disability Income Insurance
  7. Social Security Disability Income

VI. Medical Plans

  1. Medical Plan Concepts
  2. Provisions and Clauses
  3. Types of Medical Plans
  4. Cost Containment in Health Care Delivery
  5. Limited Health Insurance Policies
  6. Health Insurance Portability and Accountability Act (HIPAA)
  7. Affordable Care Act (ACA)

VII. Group Health Insurance

  1. Characteristics of Group Health Insurance
  2. Employer Group Health Insurance
  3. COBRA

VIII. Specialized Health Insurance for Qualified Individuals

  1. Medicare
  2. Medicare Supplement Insurance
  3. Medicaid
  4. Long‐Term Care Policies

IX. Federal Tax Considerations for Health Insurance

  1. Health Insurance Premiums and Benefits
  2. Consumer‐Driven Health Plans

We recommend reading our in-depth How to Pass the Life Insurance Exam guide for a better overview.

Idaho Property and Casualty License Exam

Below you can find the content outline offered by PSI.

You should use this outline as a checklist when working through your pre-license education course in order to ensure that you haven’t missed any topic that you will be tested on later on.

Idaho Property Producer Content Outline

88 scorable answers

I. Idaho Statutes, Rules, and Regulations Common to Life, Disability/Health, Property, Casualty, and Personal Lines Insurance

  1. Responsibilities of the Director of the Department of Insurance
  2. Definitions
  3. Licensing
  4. Producer responsibilities
  5. Insurance contracts
  6. Marketing practices

II. Idaho Statutes, Rules, and Regulations Common to Property and Casualty Insurance Only

  1. Insurance contracts

III. Idaho Statutes, Rules, and Regulations Pertinent to Property Insurance Only

PSI National Examination

I. Federal Laws and Regulations

  1. Fair Credit Reporting Act
  2. 18 United States Code (USC) Sections 1033 and 1034 — Purpose
  3. Flood Insurance Education (National Flood Insurance Program (NFIP)

II. General Insurance Concepts

  1. Risk
  2. Classifications of Insurers
  3. Elements of a Contract
  4. Authority and Powers of Producers — Definitions
  5. Legal Interpretations Affecting Contracts

III. Property Insurance Basics

  1. Insurable Interest
  2. Underwriting (Purpose, Process, Results) 
  3. Rate Development
  4. Types of Hazards
  5. Types of Perils
  6. Types of Loss
  7. Loss Valuation
  8. Policy Structure
  9. Policy Clauses
  10. Coinsurance
  11. Specific, Scheduled, and Blanket Insurance
  12. Vacant versus Unoccupied
  13. Named Insured Provisions
  14. Insurer Provisions
  15. Third‐party Provisions

IV. Dwelling Policy Concepts

  1. Purpose and Eligibility
  2. Perils Insured Against
  3. Property Coverages
  4. Dwelling Property Conditions
  5. Dwelling Property Exclusions
  6. Dwelling Property Endorsements
  7. Personal Liability Supplement

V. Homeowners Policy Concepts

  1. Definitions
  2. Eligibility and Purpose
  3. Homeowners Policy Coverage Forms
  4. Section I — Property Coverages
  5. Section II — Liability Coverages
  6. Homeowners Policy Exclusions
  7. Homeowners Policy Conditions
  8. Homeowners Policy Endorsements
  9. Scheduled Personal Property/Personal Articles Floater

VI. Commercial Property Policies

  1. Commercial Package Policy
  2. Commercial Policy Components
  3. Commercial Property Forms
  4. Commercial Crime
  5. Commercial Property Endorsements
  6. Commercial Inland Marine — Purpose
  7. Ocean Marine (Distinction Between Inland and Ocean)
  8. Farm Coverage

VII. Businessowners Policy

  1. Characteristics and Purpose
  2. Businessowners Section I — Property
  3. Businessowners Section II — Liability

VIII. Other Types of Property Insurance — Purpose and General Characteristics

  1. Mobile Home Policy (Insuring Agreement)
  2. Earthquake Insurance (Insuring Agreement)
  3. Flood Insurance

Idaho Casualty Producer Content Outline

90 scorable answers

I. Idaho Statutes, Rules, and Regulations Common to Life, Disability/Health, Property, Casualty, and Personal Lines Insurance

  1. Responsibilities of the Director of the Department of Insurance
  2. Definitions
  3. Licensing
  4. Producer responsibilities
  5. Insurance contracts
  6. Marketing practices

II. Idaho Statutes, Rules, and Regulations Common to Property and Casualty Insurance Only

  1. Insurance contracts

III. Idaho Statutes, Rules, and Regulations Pertinent to Casualty Insurance Only

  1. Financial responsibility
  2. Penalty for noncompliance
  3. Methods of satisfying financial responsibility
  4. Uninsured/underinsured motorists coverage
  5. Mature driver
  6. Assigned risk plan
  7. Workers’ compensation 
  8. Comparative negligence

PSI National Examination

I. Federal Laws and Regulations 

  1. Fair Credit Reporting Act
  2. 18 United States Code (USC) Sections 1033 and 1034 — Purpose

II. General Insurance Concepts

  1. Risk
  2. Classifications of Insurers
  3. Elements of a Contract
  4. Authority and Powers of Producers — Definitions
  5. Legal Interpretations Affecting Contracts

III. Casualty Insurance Basics

  1. Damages
  2. Liability
  3. Underwriting (Purpose, Process, Results)
  4. Types of Hazards
  5. Negligence
  6. Accident versus Occurrence
  7. Policy Structure
  8. Policy Clauses
  9. Limits of Liability
  10. Named Insured Provisions
  11. Insurer Provisions

IV. Personal Automobile Policy

  1. Definitions
  2. Personal Injury Protection Definitions
  3. Liability Coverage
  4. Medical Payments Coverage
  5. Uninsured and Underinsured Motorists Coverage
  6. Coverage for Damage to your Automobile
  7. Duties after an Accident or Loss
  8. General Provisions
  9. Endorsements

V. Commercial Automobile Policy

  1. Commercial Automobile Coverage Forms
  2. Covered Automobiles
  3. Liability
  4. Physical Damage
  5. Exclusions
  6. Conditions
  7. Definitions
  8. Selected Endorsements

VI. Commercial General Liability

  1. Commercial Policy Components
  2. Commercial General Liability Coverages
  3. Occurrence versus Claims‐made
  4. Commercial General Liability Exposures

VII. Other Types of Casualty Insurance

  1. Specialty Liability Insurance
  2. Personal Umbrella, Commercial Umbrella, and Excess Policies
  3. Surety Contracts

VII. Workers’ Compensation Laws

  1. Workers’ Compensation Coverages and Benefits 
  2. Rating and Job Classification
  3. Workers’ Compensation Definitions
  4. Federal Laws

We recommend reading our Property and Casualty Insurance exam article for a more in-depth overview.

How to Pass the Idaho Insurance Exam

Passing your Idaho insurance exam ultimately comes down to your mindset and degree of preparation.

We have composed a few helpful exam tips and tricks that should help you perform as well as you can during your exam day.

Get a Pre-License Course

Even though this is not a requirement in the state of Idaho, getting a pre-license course can be incredibly beneficial. These courses can help you get accustomed to the extensive amount of content that you will have to memorize.

We recommend Kaplan’s course because it offers a variety of helpful features, including:

  • Online exam simulations
  • Live online training
  • Printable study guides
  • End of chapter reviews

For more information, we recommend reading our Kaplan Insurance Course Review.

Make Enough Time to Study

Not leaving enough time to prepare is one of the easiest ways to ensure that you do not pass your exam on your first attempt.

Remember, there are zero questions on your exam that are based on common sense or critical thinking. All questions are purely factual, and so will relate to how well you understand and remember the content that you have learned.

We recommend allocating around one to two weeks to prepare for your exam, as this should allow you to go through all of the material at least twice.

Control Test Anxiety

Even though you cannot control whether you get exam anxiety or not, you can take a few steps when preparing to limit its effect on your performance:

  • Establish a consistent pretest routine — Acclimate yourself to exam conditions by following a specific routine on each practice exam at home. This should help you feel less anxious during your exam day.
  • Get plenty of sleep — Lack of sleep can exacerbate your anxiety and increase your self-doubt. Make sure you are consistently getting a good night’s sleep in the week leading up to your exam.
  • Study effectively — This sounds obvious, but make sure you are actually tailoring your studying to the exam that you are taking. Remember, there are no critical thinking or common sense questions involved.
  • Arrive early — If you are planning to sit your exam in person, we recommend you arrive at least 30 minutes before it’s due to start in order to get used to your surroundings and have time to check in with your center’s administrator.

For a more in-depth overview of how you can prepare for your Idaho insurance exam, we recommend reading our How to Pass the Insurance Exam article.

Getting Your Idaho Insurance License

Your next steps will depend on whether you actually passed your exam, as well as on whether you plan to get licensed for any additional lines.

You can apply for your license up to 180 days after you complete your exam, so if you would like to attempt passing additional insurance line exams before filing your licensing application with the DOI, you are totally free to do that.

After you have passed your insurance licensing exam, you will need to:

  • Complete a fingerprint and background check
  • File your licensing application
  • Wait for your application to be reviewed

Have a look at our How to Become an Insurance Agent in Idaho review for more information on all the steps that you will need to take after passing your insurance exam.

Idaho Department of Insurance Contact Information

Mailing Address:

700 West State Street, 3rd Floor
P.O. Box 83720
Boise, Idaho 83720-0043

Phone: (208) 334-4339

Fax: (208) 334-4398

Email: agent@doi.idaho.gov

Website: http://www.doi.idaho.gov

License Search: Idaho Insurance License Search and Lookup

Idaho Insurance Exams FAQ

How often do I have to renew my license?

You are required to renew your Idaho insurance license every two years in order to continue operating as a legitimate insurance agent. For more information, see our guide on How to Renew Your Insurance License in Idaho.

How long is the Idaho insurance exam?

This will depend on the exam in question. The Casualty and Property producer exams, for example, are both 120 minutes long. On the other hand, the Accident & Health and Life producer exams are slightly longer (i.e., 130 minutes long.).

How many times can you take the Idaho insurance exam?

There is no limit on the number of times that you can sit an insurance license exam in Idaho. Having said that, keep in mind that if you are required to retake one part of a two-part exam, you will need to do this within 180 days of failing.

How many questions are on the Idaho insurance exam?

This will depend on the insurance exam in question. The Life and Accident & Health producer exams both consist of 95 questions. Similarly, the Property producer exam is made up of 88 questions, and the Casualty producer exam is made up of 90 questions.

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