How To Become An Insurance Agent In Montana
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 406-444-2040 or email the department.
How To Get Your Insurance License In Montana
The first step in getting an Montana 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 Montana, 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.
Montana 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 Montana 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.
Even though each line has its own exam, Montana offers "back to back" exams for Property and Casualty, as well as Life and Accident & Health lines. This means that you will take these exams on the same day, and pay only for one test sitting. This will essentially half the cost of your exams if you pass them all on the first attempt.
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 "back to back" exams is $68. When you show up you must have a photo ID any other documents that the testing facility has asked you to bring.
Each exam is broken down into two sections: general knowledge and state specific.
The life insurance exam consists of eighty-six (86) questions.
The Accident & Health Exam consists of ninety-two (92) questions.
The Property Exam consists of eighty-two (82) questions.
The Casualty Exam consists of eighty-seven (87) questions.
For more specifics on each exam, refer to the Pearson Vue Montana Insurance Examination Content Outlines.
To explain the scoring, we will quote the Pearson Vue Montana Insurance Licensing Candidate Handbook:
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.
The passing score of an examination was set by the Montana Department of Insurance (in conjunction with Pearson VUE) after a comprehensive study was completed for each examination. Raw scores are converted into scaled scores. To avoid misuse of score information, numeric scores are only reported to failing candidates. 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 75, any score below 75 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 Montana page.
Note: You must have Pearson Vue take your fingerprints as well. Be sure to schedule your fingerprinting with your exams. (More info in the next step)
Fingerprinting And Background Check
The state of Montana requires that all insurance license applications provide fingerprints prior to licensing. Giving your fingerprints will initiate a background check. If you have any prior misdemeanors or felonies, this may affect the outcome of your licensing efforts. For more information on this topic, call the Department of Insurance at 406-444-2040 or email the department.
Fingerprinting must be completed through Pearson Vue. Schedule fingerprinting at the same time as your exams.
The fee for fingerprint services is $46. Your fingerprints will be submitted automatically to the Montana Insurance Department.
After you have completed your exams and fingerprinting, the next step is to apply for your license. If you have more than one line of authority that you have took the education for, be sure to apply for all of those lines.
The fee for an online application is only the $5 NIPR fee. The state does not charge any fees.
Apply for your license online with the NIPR Montana website.
License Application Review
Once you have submitted your application and passed your exams, 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 general hold up with licenses in Montana is the fingerprints. They generally take about two to three (2-3) weeks to return. After the department receives them, they will send you an email verifying that your license has been issued.
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.
Information on this page has been gathered by a multitude of sources, and was most recently updated in November 2016.
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.