How To Become An Insurance Agent In Iowa
Getting your insurance license is the first step to becoming an insurance agent in Iowa. Life insurance, car insurance, home insurance, or business insurance all require a license to sell in any state.
Follow our step-by-step guide to get your insurance license in Iowa.
How To Get Your Insurance License In Iowa
Step 1. Which Types of Insurance Licenses Do You Need?
Depending on what type of insurance agent you want to be or what types of policies you need to sell, you will need to choose what type or types of insurance licenses you need to get.
These are examples of the types of insurance policies you can sell with each type of license:
- Property & Casualty Insurance License – Car Insurance, Home Insurance, Business Insurance, etc…
- Life & Health Insurance License – Life Insurance, Annuities, Health Insurance, etc…
Most insurance agents choose to get both of these licenses, but if you will only sell one type of policy then you just need to choose which license fits your needs.
Step 2. Insurance Pre-Exam Education
After you’ve determined which licenses you need, it’s time to begin studying for the Iowa insurance exams.
Iowa does not require you to take a certain amount of pre-license credits before testing. This means that studying for your exam is 100% up to you.
Most folks choose to take an insurance pre-license course online. These courses are created specifically to give you the skills you need to pass the test. Others purchase books or other self-study tools to prepare themselves.
It’s wise to take a week or so to dedicate to your study of this exam. If you don’t feel as though you’re a strong test taker, take a little longer, but don’t let it drag out for long. We want you to pass your test the first time you take it, and we know that you can do it.
Step 3. Iowa Insurance License Exams
The next step after completing all of your pre-license coursework or self-study is to take the insurance exam. You will take one exam for each line of insurance you wish to carry.
The State of Iowa and Pearson Vue allow for back-to-back exams in Iowa. This means that you can schedule exams for “like lines” together, and only pay the fee for one. Like lines are Property and Casualty, and the other is Life and Accident & Health.
This is a proctored test, which means that you will be in a controlled environment with a person watching over you. For people who haven’t tested in a situation like this should be aware of this fact, and work on taming their nerves prior to sitting for the exam.
The fee for each attempt of the exams is:
- Life & Accident & Health: $69
- Property & Casualty: $69
- Life: $49
- Accident and Health: $49
- Property: $49
- Casualty: $49
When you show up you must have a photo ID any other documents that the testing facility has asked you to bring.
The Life Insurance exam consists of seventy-seven (77) questions.
The Accident & Health exam consists of eighty (80) questions.
The Property exam consists of eighty-three (83) questions.
The Casualty exam consists of eighty-five (85) questions.
Each of the exams is broken down into two sections: general knowledge and Iowa specific. Be sure to study the Pearson Vue Iowa Insurance Exam Content Outlines.
To explain the scoring of this exam, we will quote the Pearson Vue Iowa Insurance Licensing Candidate Handbook:
When candidates complete the examination, they will receive a score report marked “pass” or “fail”. Candidates who pass the examination will receive a score report that includes information on how to apply for a license. Candidates who fail the examination will receive a score report that includes a numeric score and diagnostic information relating to both the general portion and state portion of the examination, as well as information about reexamination. Reservations for reexamination are not made at the test center, and candidates must wait twenty-four (24) hours before making one.Pearson Vue
Check out our Insurance Exam Guide. It’s extremely in-depth, and will hopefully help you pass the first time.
Insurance license tests are intentionally difficult, but not impossible by any means. You should study to the point of comfortability with the information before you attempt the test. Failing the exam isn’t the end of the world, but keep in mind that you will need to pay the fee each time you attempt the test.
Note: StateRequirement recommends that you study for one exam at a time, then after passing, starting on your next line. The exams are difficult enough on their own without confusing information from one line to another.
You may register to take your exams and find more information on the Pearson Vue Iowa Insurance page.
Step 4. License Application
Once you have completed your exams, you are now ready to apply for your license. If you have more than one line of authority that you have passed the exam for, be sure to apply for all of those lines.
The fee for an online application is $50, and NIPR will charge a $5 transaction fee for a total of $55.
You must wait for two to three (2-3) business after passing the exam to fill out the application. This will allow the system to offer you the correct lines of authority to apply for.
If you wish to add another line of authority to your license at a later date, you will only pay the $5 NIPR fee.
Fill out and submit your online application on the NIPR Iowa website.
Step 5. Application Review
Once you have submitted your application and have filled all the other requirements, your license application will be reviewed by the state. Your background check initiated by the application will also be reviewed.
If everything is to acceptable standards your license should be issued quickly. If there are any items from your background check that need to be reviewed, it may slow down the process of issuance. If this is the case, the state may contact you to provide context to the issues that they have run into.
After submitting the application, you won’t receive any correspondence from the state regarding your license. The instructions we received from the licensing department were to wait a couple of days, then look up your license number with the State Based Systems Iowa License Lookup Tool. This is also where you will go to print your license.
You’ve done the work, put in the time and effort, and now hold the key to your own success! We’re proud of you. Take five (5) minutes and celebrate.
Iowa Department Of Insurance Contact Information
Iowa Insurance Division
601 Locust Street – 4th Floor
Des Moines, Iowa 50309-3738
Phone: (515) 281-7757
Fax: (515) 281-3059
Email: [email protected]
Information on this page has been gathered by a multitude of sources and was most recently updated in January 2020.Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. For more information, please contact your state's authority on insurance. Disclosure: StateRequirement has an affiliation with Kaplan Education company, and may receive compensation based on user activity on this site. We truly believe that Kaplan offers excellent products and services, and compliments the mission of StateRequirement.