How To Become An Insurance Agent In Oregon
Getting your insurance license is the first step to becoming an insurance agent in Oregon. 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 Oregon.
How To Get Your Insurance License In Oregon
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 Oregon 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 Oregon 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. Oregon 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 and Health (L&H) and Property & Casualty (P&C) lines are combined exams, so you only have to take two tests if you wish to attain all of these lines of authority: Property, Casualty, Life, and 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 insurance exams are as follows:
- Life & Accident & Health: $55
- Property & Casualty: $55
- Life: $45
- Accident & Health: $45
- Property: $45
- Casualty: $45
When you arrive you must have a photo ID any other documents that the testing facility has asked you to bring.
Each of the tests is one hundred sixty (160) minutes long, and you must answer 70% of the questions correctly to pass.
For much more information about all of the exams, be sure to study the PSI Exams Oregon Insurance Examination Candidate Information Bulletin. This document also contains Oregon Insurance License Exam Content Outlines.
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 PSI Exams Oregon Insurance page.
Note: When contacting PSI Exams about your testing, also ask them about their fingerprinting services, as this is your next step.
Step 4. Fingerprinting And Background Check
The State of Oregon 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 (503) 947-7981 or email the department.
Your fingerprints will be done through PSI Exams, so when you are scheduled to take an exam, have your fingerprinting done on the same day.
The fee for fingerprint services is $56.25. Your fingerprints will be submitted automatically to the Insurance Department.
Step 5. License Application
Once you have completed your exams and fingerprinting, 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 $75, and $75 for any amendments (like adding a line of authority). This means that if you pass your exam for one line, then apply for the license, it will be $75, but adding another line in the future will cost an extra $75.
Fill out your online application on the NIPR Oregon Webpage.
Step 6. 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 license review will take between three to fourteen (3-14) days to complete. After the review is complete you will receive an email with verification 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.
Oregon Department Of Insurance Contact Information
Oregon Division of Financial Regulation
350 Winter Street, Northeast, Room 410
P.O. Box 14480
Salem, Oregon 97309
Phone: (503) 947-7981
Fax: (503) 378-4351
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.