October 18, 2022

Nebraska Insurance License Exam

Written by: Ethan Peyton

Cartoon woman holding Nebraska Insurance License Exam document

    Passing your Nebraska insurance license exam is a pivotal part of becoming a licensed insurance agent in the state of Nebraska.

    In this guide, we’ll break down the general information that you need to know in order to pass your exam, outline the differences between each examination line, and offer tips on both: how to prepare for your Nebraska insurance licensing exam, and on what to do after you pass.

     

    Nebraska Insurance Exam Basics

    General Information

    The state of Nebraska uses Prometric to administer its insurance agent licensing. This means you can register and book all of your licensing examinations through the Prometric website. Your test can be carried out online or in person.

    Each major insurance line examination is made up of multiple-choice questions and includes both general and state-specific material.

    The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the Nebraska insurance regulations and laws that you will need to know in order to operate as an insurance agent.

    Score Explanation

    At the end of your exam, you will be emailed a notice verifying your completion, as well as a score report.

    You will be able to download a duplicate score report via the Prometric score report portal if you need to. Keep in mind that you will be required to enter your confirmation number and your last name in order to do so.

    The score report will show you your percentage score in each section of the exam(s). This can be very helpful if you end up needing to re-sit the examination as a result of failing.

    Note: After you pass your exam, you should wait two to three days for your exam results to be communicated to the Nebraska Department of Insurance before you apply for your insurance license.

     

    Cost

    Your Nebraska insurance license exam cost will depend on the type and number of examinations that you take:

    Examination

    Cost 

    Time Allowed

    Producer’s Life and Annuities; Accident and Health or Sickness

    $49

    150 Minutes

    Producer’s Property and Casualty

    $49

    150 Minutes

    Producer’s Life and Annuities

    $45

    120 Minutes

    Producer’s Accident and Health or Sickness

    $45

    120 Minutes

    Note: You should focus on one exam at a time. This will likely increase the amount of time and effort you can allocate to each examination and should allow you to feel more prepared when you sit your exam.

    Recommended Pre-License Course

    Before taking your insurance exam, we recommend completing a pre-license education course. This is not a requirement in the state of Nebraska, but it can go a long way in helping you get accustomed to the information that you will be expected to know.
    4.7 out of 5 starsKaplan Education Company

     

    Nebraska Life and Annuities; Accident and Health or Sickness Insurance Exam

    Below you can find the content outline offered by Prometric.

    We recommend using it as a checklist when working through your pre-license education course. This way, you’ll be absolutely sure that you haven’t missed any topic that you will be tested on later on.

    Life and Annuities, Accident and Health or Sickness Content Outline

    150 scorable questions, and five unscored questions.

    I. Insurance Regulation

    1. General
    2. Licensing Types, Purposes, and Processes
    3. State Regulation
    4. Federal Regulation

     

    II. General Insurance

    1. Risk management key terms 
    2. Methods of handling risk
    3. Other risk concepts
    4. Types of insurers
    5. Financial rating services
    6. Distribution systems
    7. Law of agency
    8. Authority and powers of producers/agents/brokers 
    9. Elements of a legal contract
    10. Legal interpretations affecting contracts

     

    III. Life Insurance Basics

    1. Producer Authority and Powers

     

    IV. Life Insurance Policies

    1. Characteristics of Level Term
    2. Decreasing Term
    3. Whole Life
    4. Characteristics of Whole Life 
    5. Universal and Indexed Life
    6. Variable products
    7. Specialized policies
    8. Characteristics of Group Life

     

    V. Individual Health Insurance Policy General Provisions and Clauses

    1. Required Provisions
    2. Beneficiaries
    3. Settlement Options
    4. Nonforfeiture Options
    5. Policy Loan and Withdrawal Options
    6. Dividend Options
    7. Policy Riders

     

    VI. Annuities

    1. Annuity Basics
    2. Payout Options

     

    VII. Federal Taxation of Life Insurance and Annuities

    1. General

     

    VIII. Customer Relations and Privacy

    1. Networking and Client Support
    2. Recording, Reporting, and Securing Client Information

     

    IX. Sickness and Accident Risk and Underwriting

    1. Risk Management
    2. Underwriting
    3. Replacement
    4. Policy Delivery Requirements

     

    X. Individual Accident and Sickness Insurance Policy General Provisions and Clauses

    1. Risk Management

     

    XI. Disability

    1. General
    2. Types and Classes

     

    XII. Medical Plans

    1. General
    2. Affordable Care Act (ACA)
    3. Mental Health Parity and Addiction Equity Act (MHPAEA)

     

    XIII. Group Plans

    1. General

     

    XIV. Dental Insurance

    1. General
    2. Group Plans

     

    XV. Insurance for Senior Citizens and Individuals with Special Needs

    1. Long-Term Care
    2. Medicaid
    3. Medicare
    4. Medicare Supplements

     

    XVI. Federal Tax Considerations for Sickness and Accident Insurance

    1. Premiums and Benefits
    2. Small Businesses
    3. Disability

    We recommend reading our in-depth How to Pass the Life Insurance Exam guide for a better overview.

     

    Nebraska Property and Casualty License Exam

    Below you can find the content outline offered by Prometric.

    You should use this outline as a checklist when working through your pre-license education course in order to ensure that you haven’t missed any topic that you will be tested on later on.

    Property and Casualty Content Outline

    150 scorable questions, and five unscored questions.

    I. Insurance Regulation

    1. General
    2. Licensing Types, Purposes, and Processes
    3. State Regulation
    4. Federal Regulation

     

    II. General Insurance

    1. Risk management key terms
    2. Methods of handling risk
    3. Other concepts
    4. Types of insurers
    5. Comparison of insurers
    6. Financial solvency status
    7. Distribution methods
    8. Rate filing and forms services
    9. Rules of agency
    10. Authority and powers of producers/agents/brokers 
    11. Elements of a legal contract
    12. Distinct characteristics of an insurance contract
    13. Legal interpretations affecting contracts

     

    III. Property and Casualty Insurance Basics 

    1. Insurable interest
    2. Underwriting
    3. Rates
    4. Hazards
    5. Negligence
    6. Types of damages
    7. Types of liability
    8. Causes of loss
    9. Property key coverage terms and definitions
    10. Types of building construction
    11. Loss valuation
    12. Policy construction
    13. Additional/supplementary coverage and endorsements
    14. Common policy conditions
    15. Loss payment provisions
    16. Limits of liability/insurance
    17. Liability key coverage terms and definitions
    18. Named insured responsibilities
    19. Other policy conditions
    20. Third-party provisions
    21. State plans
    22. State regulations
    23. Federal Insurance Programs
    24. Time element coverages

     

    IV. Dwelling Policy

    1. Eligibility
    2. Perils insured against
    3. Property coverages
    4. Definitions, exclusions, and conditions
    5. Policy endorsements
    6. Personal liability supplement
    7. Cancellation/nonrenewal

     

    V. Homeowners Policy

    1. Eligibility
    2. Perils insured against
    3. Definitions, conditions, and exclusions
    4. Coverage forms
    5. Section I — Property coverages
    6. Section II — Liability coverages
    7. Policy endorsements
    8. Cancellation/nonrenewal

     

    VI. Auto Insurance

    1. State Auto Laws 
    2. Personal Auto Policy 
    3. Commercial Auto

     

    VII. Commercial Package Policy

    1. General
    2. Commercial General Liability
    3. Commercial Property
    4. Commercial Crime
    5. Commercial Inland Marine
    6. Equipment Breakdown
    7. Farm Coverage

     

    VIII. Businessowners Policy

    1. Eligibility
    2. Definitions and exclusions
    3. Section I — Property 
    4. Section II — Liability
    5. Section III — Common policy conditions
    6. Selected endorsements

     

    IX. Workers Compensation Insurance 

    1. State specific markets and laws
    2. Nebraska Workers’ Compensation Act
    3. Federal workers compensation laws
    4. Workers compensation and employers liability 
    5. Selected endorsements
    6. Rating factors
    7. Other sources of workers compensation coverage

     

    X. Other Coverages and Options 

    1. Specialty Coverages
    2. Surplus Lines
    3. Bonds
    4. Ocean Marine Insurance
    5. Aviation Insurance
    6. National Flood Insurance
    7. Other Policies

    We recommend reading our Property and Casualty Insurance exam article for a more in-depth overview.

     

    How to Pass the Nebraska Insurance Exam

    Passing your Nebraska insurance exam ultimately comes down to your mindset and degree of preparation.

    We have composed a few helpful exam tips and tricks that should help you perform as well as you can during your exam day.

    Get a Pre-License Course

    Even though this is not a requirement in the state of Nebraska, getting a pre-license course can be incredibly beneficial. These courses can help you get accustomed to the extensive amount of content that you will have to memorize.

    We recommend Kaplan’s course because it offers a variety of helpful features, including:

    • Online exam simulations
    • Live online training
    • Printable study guides
    • End of chapter reviews

    For more information, we recommend reading our Kaplan Insurance Course Review.

     

    Make Enough Time to Study

    Not leaving enough time to prepare is one of the easiest ways to ensure that you do not pass your exam on your first attempt.

    Remember, there are zero questions on your exam that are based on common sense or critical thinking. All questions are purely factual, and so will relate to how well you understand and remember the content that you have learned.

    We recommend allocating around one to two weeks to prepare for your exam, as this should allow you to go through all of the material at least twice.

     

    Control Test Anxiety

    Even though you cannot control whether you get exam anxiety or not, you can take a few steps when preparing to limit its effect on your performance:

    • Establish a consistent pretest routine — Acclimate yourself to exam conditions by following a specific routine on each practice exam at home. This should help you feel less anxious during your exam day.
    • Get plenty of sleep — Lack of sleep can exacerbate your anxiety and increase your self-doubt. Make sure you are consistently getting a good night’s sleep in the week leading up to your exam.
    • Study effectively — This sounds obvious, but make sure you are actually tailoring your studying to the exam that you are taking. Remember, there are no critical thinking or common sense questions involved.
    • Arrive early — If you are planning to sit your exam in person, we recommend you arrive at least 30 minutes before it’s due to start in order to get used to your surroundings and have time to check in with your center’s administrator.

    For a more in-depth overview of how you can prepare for your Nebraska insurance exam, we recommend reading our How to Pass the Insurance Exam article.

     

    Getting Your Nebraska Insurance License

    Your next steps will depend on whether you actually passed your exam, as well as on whether you plan to get licensed for any additional lines.

    After you have passed your insurance licensing exam, you will need to:

    • File your licensing application
    • Wait for your application to be reviewed

    Have a look at our How to Become an Insurance Agent in Nebraska review for more information on all the steps that you will need to take after passing your insurance exam.




    Nebraska Insurance Exams FAQ

    How often do I have to renew my Nebraska insurance license?

    Nebraska requires insurance agents to renew their licenses every two years.

    For more information, see our guide on How to Renew Your Insurance License in Nebraska.

     

    How long is the Nebraska insurance exam?

    The combined insurance exams (e.g., Life and Annuities, Accident and Health or Sickness exam, etc.) are 150 minutes long. The individual Life & Annuities exam, Accident and Health or Sickness Exam, Property exam, and Casualty exam are all 120 minutes long.

     

    How many times can you take the Nebraska insurance exam?

    There is no limit on the number of times you can take an insurance licensing exam in Nebraska.

    Having said that, you will need to pay a fee each time you sit an exam.

     

    How many questions are on the Nebraska insurance exam?

    This will depend on the exam in question.

    The combined Nebraska insurance exams contain 150 questions, plus five unscored questions.

    The individual Life and Annuities exam, Accident and Health or Sickness exam, Property exam, Casualty exam, and Personal Lines exam each have 100 questions.

    Nebraska Department of Insurance Contact Information

    Physical Address:

    Nebraska Department of Insurance
    1526 K Street, Suite
    200, Lincoln, NE 68508-2734


    Mailing Address:
    P.O. Box 82089
    Lincoln, Nebraska 68501-2089

    Phone: (402) 471-4913

    Fax: (402) 471-6559

    Email: doi.licensing@nebraska.gov

    Website: https://doi.nebraska.gov/

    License Search: Nebraska Insurance License Search and Lookup

     




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