How To Become An Insurance Agent In Maryland
Getting your insurance license is the first step to becoming an insurance agent in Maryland. 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 Maryland.
How To Get Your Insurance License In Maryland
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-License Education
After you’ve determined which licenses you need, you must now take your Maryland insurance pre-license education courses.
Most folks choose to take their insurance pre-license course online. These courses are created specifically to give you the skills you need to pass the test. The types of licenses you choose (also known as “lines of authority”) will determine which courses you take.
Each line of authority in Maryland requires twenty (20) hours of pre-license education. This means that if you wish to get a Property and Casualty license, you must take forty (40) hours of pre-licensing, and for Life, Accident, and Health you must also take forty (40) hours.
You will receive a certificate upon completion of the course. Keep this certificate, as you will need it when taking your exam.
Step 3. Maryland Insurance License Exams
The next step after completing all of your pre-license coursework is to take the insurance exam. You will take one exam for each combined line of insurance you wish to carry. Property & Casualty, and Life, Accident & Health are considered combination lines, so you will only have to take two exams, instead of four.
This is a proctored test, which means that you will be in a controlled environment with a person watching 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 $70.
The Life, Accident & Health Producer Exam consists of one hundred thirty (130) questions. You have two hundred ten (210) minutes to complete this exam. Be sure to read over the PSI Exams Life, Accident & Health Producer Examination Content Outline.
The Property & Casualty Producer Exam consists of one hundred twenty (120) questions. You have one hundred fifty (150) minutes to complete this exam. Be sure to read over the PSI Exams Property & Casualty Producer Examination Content Outline.
The minimum score to pass both of these exams is 70% correct answers. If you fail an exam, you must wait a minimum of fourteen (14) days to attempt a retake.
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 on the PSI Exams Maryland Insurance website. For more information on testing, visit the PSI Exams Maryland Insurance Candidate Information Bulletin.
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 $54, plus a $5 NIPR fee, for a total of $59.
If you wish to add another line of authority to your license later, there is no fee, you just need to take the pre-licensing, and pass the exam.
Fill out your online application on the NIPR Maryland Insurance page.
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 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.
The application review should take about three to five (3-5) business days to complete. After the review is completed, your license will be issued, and you can print it from the State Based Systems License Lookup Tool.
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.
Maryland Department Of Insurance Contact Information
Maryland Insurance Administration
200 Saint Paul Place, Suite 2700
Baltimore, Maryland 21202
Phone: (410) 468-2411
Fax: (410) 468-2399
Email: [email protected]
Information on this page has been gathered by a multitude of sources and was most recently updated in October 2019.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.