How To Renew Your Insurance License In Montana
In Montana, insurance licenses expire every two years. The expiration will be on the last day of your birth month, biennially, based on the anniversary of your original license year. This means that if you were licensed on an even-numbered year, your license will expire on the last day of your birth month in the next even-numbered year.
There is no requirement to take another exam from the state, though depending on the format of your continuing education, it is possible that you may take a short knowledge test at the end of the course to be sure that you understand important insurance concepts, laws, and regulations.
If this is the state you reside in, then renewing your license will also keep any non-resident license you have in good standing. You will still need to pay the license renewal fee for non-resident licenses held in other states.
Step 1. Montana Insurance Continuing Education Requirements
The State of Montana requires that resident individual licensees complete twenty-four (24) credit hours of continuing education every two year renewal period. Three (3) hours must be in the subject of ethics and one (1) in the subject of Montana statutes. Credits cannot include the same course taken repeatedly in one reporting period.
It is recommended to complete all continuing education credits thirty (30) days prior to the expiration date of the license. This will give the CE provider time to report the successful completion to the department of insurance. Your CE courses can be taken at any time within your license term.
If you have a producer license in more than one line of authority (ex. Property & Casualty and Life & Health), you do not need to complete double the hours.
You may take your continuing education courses either in person in a classroom setting or online as a self-paced course. The online courses usually require a reading of the subject at hand, then a test at the end.
Upon completion of these courses, the company who you took the course should send the certificate of completion directly to the state. You should, however, print a copy of this certificate to keep in your records just in case there is a dispute later.
Step 2. Renew Your Insurance License In Montana
After you have completed your continuing education and you are within 90 days of your license expiration, your resident producer license will renew automatically. Your license’s expiration date is printed at the top right-hand corner of your license.
There is no fee to renew your producer license in Montana.
Once this process is complete, your license will be renewed and your new expiration date will be two years from your previous expiration date.
Montana Insurance License Lookup
You can view your current accrued CE credits and find your license number through the Montana National Association of Insurance Commissioners License Manager tool.
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Montana Department of Insurance Contact Information
Montana Office of the State Auditor
840 Helena Avenue
Helena, Montana 59601
Phone: (406) 444-2040
Email: [email protected]
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Information on this page has been gathered by a multitude of sources and was most recently updated in July 2020.
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