How To Become An Insurance Agent In Missouri

Missouri

What Kind Of Agent Are You Going To Be?

A majority of people who are applying for their insurance license have a plan in already in place of where they are going to use it. If you don't yet have a plan on how you will be using your insurance license, this is the place to start. Here are some of the questions that you should ask yourself:

  • What type of insurance am I going to sell?
  • Am I starting my own agency, or working inside of an existing agency? 
    • It may depend on how your agency is set up to tell you what type of licenses you need to hold.
  • What types of licenses does my company require me to hold? 

Answering these questions should give you tell you the types of insurance licenses you need. If you are still unsure of which lines to pursue, you can always ask the folks in the state licensing office at 573-751-3518 or email the Insurance Department.

How To Get Your Insurance License In Missouri

Pre-Exam Education

The first step in getting an Missouri insurance license is passing your license exam. So why do we say the first step is pre-exam education? The answer is simple. We want you to pass your test the first time you take it. These courses or study materials are not a required step in getting your insurance license in Missouri, but they are highly recommended.

Most applicants choose to take these courses online, as it fits their schedule better, but there are also in person courses available. You should choose which format in which to take your courses based on your preferred method of learning. The goal isn't just to get the courses out of the way, it's to prepare you to pass your license exam on the first attempt.

StateRequirement recommends Kaplan Education Company for all pre-license education courses.

Missouri does not have a list of pre-exam education providers, but the best way to find a provider is to search the State Based Systems Missouri Continuing Education Search Tool and speak to some of the education providers about pre-exam education.

 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. Life, Accident, & Health (LA&H) and Property & Casualty (P&C) lines are combined lines in Missouri, so you will take two exams if you wish to attain all of these lines of authority: Property, Casualty, Life, 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 $49 (one exam per combined lines of authority). When you show up you must have a photo ID any other documents that the testing facility has asked you to bring.

The Life, Accident, and Health test consists of one hundred forty-five (145) questions. The test is broken down into two (2) sections: General Knowledge and Missouri Specific. Pearson Vue offers a copy of the Missouri Life, Accident, and Health Exam Outline.

The Property and Casualty test consists of one hundred forty (140) questions. The test is broken down into two (2) sections: General Knowledge and Missouri Specific. Pearson Vue offers a copy of the Missouri Property and Casualty Exam Outline.

To explain scoring of this exam, we will quote the Pearson Vue Missouri Insurance Licensing Candidate Handbook,

 

"SCORE EXPLANATION

Equating and Scaling

There are multiple versions of each of the licensing examinations. These versions are known as forms. Although all forms of an examination are developed based on the content outlines, the difficulty of the forms of an examination may vary slightly because different questions appear on each form. To ensure that no candidate is put at an unfair advantage or disadvantage due to the particular form of an examination that he or she is given, a statistical procedure known as equating is used to correct for differences in form difficulty.

For example, in an examination with two (2) forms, Form A and Form B, the state licensing agency determines that answering 30 questions correctly on Form A demonstrates the minimum amount of knowledge necessary to be licensed. It is further determined through the equating process that Form B contains slightly more difficult questions than Form A; therefore, answering 30 questions correctly on Form A would indicate the same level of knowledge as answering only 28 questions correctly on Form B. Under this set of circumstances, a score of 30 questions correct would be used as the passing score on Form A whereas a score of 28 questions correct would be used as the passing score on Form B.

A second statistical procedure known as scaling is used to derive the numerical score to report for each candidate. Scaling is used to place a raw score on a common reporting scale on which each scaled score represents a given level of knowledge regardless of the difficulty of the form on which the raw score was achieved.

To illustrate how scaling works, suppose that in the examination example used above, the state licensing agency decides to use a score of 500 as the passing score for reporting purposes. (Note that the score selected to be used as the reported passing score is not related to, and has no bearing on, the difficulty of the examination.) Based on the information provided above, a raw score of 30 on Form A would translate to a scaled score of 500; a raw score of 28 on Form B would also translate to a scaled score of 500 since a raw score of 30 on Form A represents the same level of knowledge as a raw score of 28 on Form B.

SCALED SCORE

The passing score of an examination was set by the Missouri Department of Insurance http://insurance.mo.gov/ (in conjunction with Pearson VUE) after a comprehensive study was completed for each examination. Raw scores are converted into scaled scores that can range from 0 to 100. The scaled score that is reported to you is neither the number of questions you answered correctly nor the percentage of questions you answered correctly. With a passing score of 70, any score below 70 indicates how close the candidate came to passing, rather than the actual number or percentage of questions the candidates answered correctly. 

 

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 Missouri Insuranceweb page.

 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 $100, and NIPR will charge a $5 transaction fee for a total of $105.

You must wait 24-48 hours 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.

Note: The $100 application fee covers as many lines as you select, but is a "one time use" fee.  This means that if you plan on getting your license in multiple lines (P&C and LA&H), that you should study for and pass both exams before applying for the license. This will save you the entire license fee. Also note that StateRequirement still recommends that you only study for one exam at a time.

Fill out and submit your online application on the NIPR Missouri website.

 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 within five to ten (5-10) business days. 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.

Once the review has been completed, you should receive an email from the NIPR regarding the status of your license.

To check and see if your license has been issued, you may look yourself up in the State Based Systems Licensee Look-Up Tool.

If you need to print your license, you may use the State Based Systems License Print Tool. You need either your license number or your NPN number to use this tool.

Congratulations!

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.

Missouri Department Of Insurance Contact Information

Mailing Address:

Missouri Department of Insurance
PO Box 690
Jefferson City, MO 65102-0690
Phone: 573-751-3518
Fax: 573-526-3416
Email: [email protected]
Website: https://insurance.mo.gov/

Information on this page has been gathered by a multitude of sources, and was most recently updated in August 2017.

Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. Huge Hammer LLC 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.