how long does it take to get an insurance license in illinois

by Miss Camila Marquardt Published 3 years ago Updated 2 years ago

How do I get a life insurance license in Illinois?

If you want to market and sell life insurance policies, follow this step-by-step guide for obtaining a life insurance license in Illinois. The Illinois Department of Insurance (IDOI) requires you to complete a four-step process to obtain your life insurance license — from taking the life insurance exam to applying for a license.

How long does it take to get a license in Illinois?

Illinois requires that candidates pass both parts of a major line examination within 90 days to be eligible for licensure. Candidates are responsible for knowing what part of an examination must be retaken, and for monitoring the 90 days. Reservations for reexamination cannot be made at the test center.

How long does it take to take the Illinois life insurance exam?

You’ll have 135 minutes to complete the exam . The Illinois life insurance exam fee is $92 each for the general and state-specific sections, and you must pay the $184 total at the time of reservation by credit card, debit card, or voucher.

What happens after I get my insurance license in Illinois?

Once you’ve passed your exams and completed the licensing application, you are now a licensed insurance agent in Illinois. A common question we hear is, “I have my insurance license, now what?”

How to become an insurance agent in Illinois?

How often do you need to renew your insurance license in Illinois?

What is the next step after completing all of your pre-license coursework?

How much do you need to score to pass the Illinois insurance exam?

How to contact Illinois insurance license office?

How many hours of pre-licensing do you need to get a property license in Illinois?

How much does it cost to take the back to back producer exam?

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How do I get an Illinois insurance license?

How to Get Your Illinois Insurance LicenseComplete an Insurance Prelicensing Course. ... Pass Your Illinois Licensing Exam. ... Apply for Illinois Insurance License. ... Plan to Complete Required Insurance Continuing Education (CE) Credits.

How do I get my property and casualty insurance license in Illinois?

Individuals who wish to obtain an insurance license in the state of Illinois must:Complete all prelicensing education. Complete all required prelicensing education from an approved provider. ... Make a reservation and pay examination fee. ... Go to the test center. ... Apply for a license. ... License Information.

Do you need a license to sell insurance in Illinois?

Illinois requires each person selling insurance in the state to hold an insurance license. You will choose which line of authority you want to be licensed in: health insurance, life insurance, property and casualty insurance, or any combination of those lines.

How long is the Illinois Property and Casualty Insurance test?

Illinois Property And Casualty Exam Requirements The property examination is a 135-minute multiple-choice exam with 97 total questions (17 pre-test questions and 80 scored questions). The casualty examination is a 104-question exam (17 pre-tests, 87 scored) that also has a 135-minute time limit.

How many insurance agents quit?

The truth is that there is a higher rate of turnover in insurance sales than in almost any other job category. A mass exodus with nearly 90% of new agents quit within their first three years. 30% of new agents leave in their first 90 days. These agents did not set out to fail, but they did all make similar mistakes.

How do I pass the Illinois insurance exam?

Complete all Study by Topic reading chapters and Study by Topic quizzes. Study by Topic quizzes must be passed with a score of 70% or better. Attend the required 7.5 hours per line classroom education portion of the course. Complete and pass the simulated exam with a score of 70% or better.

How much do life insurance agents make in Illinois?

How much does a LIFE Insurance Agent make in Illinois? As of Sep 13, 2022, the average annual pay for a LIFE Insurance Agent in Illinois is $66,555 a year. Just in case you need a simple salary calculator, that works out to be approximately $32.00 an hour. This is the equivalent of $1,279/week or $5,546/month.

How many questions are on the Illinois Life Insurance Exam?

Illinois Life And Health Insurance Exam Requirements The Life Agent examination is 99 multiple-choice questions, and you have 135 minutes to complete it. The Accident and Health Insurance examination is 107 questions and 135 minutes to complete. A passing score is 70%.

What is a temporary producer license Illinois?

§ 500-65. Temporary insurance producer license for an applicant. (a) The Director may grant a temporary insurance producer license to an applicant for an insurance producer license, without requiring an examination, for a period of 90 days, when the applicant otherwise meets the requirements of this Article.

Is the Illinois Property and casualty exam hard?

The Property and Casualty insurance licensing exam is challenging. It requires hard work and effort to prepare, but by following these study tips, you should be well on your way to passing the exam on the first try. It's also helpful to learn what to expect on exam day.

Who licenses insurance agents in Illinois?

The Illinois Department of InsuranceThe Illinois Department of Insurance will grant a license to practice if a candidate meets the following criteria: Complete the pre-licensing education requirements. Pass the licensing exam. Wait five days after passing the exam before applying for a license at www.nipr.com.

Can I still renew my insurance license after it expires in Illinois?

The renewal fee is $215 per line of authority. There are no late renewal fees because Illinois doesn't allow renewals after the expiration date.

How many questions are on the Illinois Life Insurance Exam?

What are examples of casualty insurance?

Casualty insurance includes vehicle insurance, liability insurance, and theft insurance. Liability losses are losses that occur as a result of the insured's interactions with others or their property. For homeowners or car owners, it's important to have casualty insurance as damage can end up being a large expense.

How much do life insurance agents make in Illinois?

What is property/casualty insurance?

Property and casualty (P&C) insurers are companies that provide coverage on assets, as well as liability insurance for accidents, injuries, and damage to others or their belongings. P&C insurers cover a number of things, including auto insurance, home insurance, marine insurance, and professional liability insurance.

How long is the insurance license period in Illinois?

Learn how to get an insurance license renewal here: Illinois Insurance License Renewal

How long does it take to get an insurance license in Illinois?

2-8 weeks. The bulk of the time is spent studying for your Illinois insurance exam. Some people study for as little as one week and feel comfortabl...

How much does the Illinois insurance license cost?

The total cost for your insurance course, application, and exam will be about $375. If you don’t pass the exam the first time, add $103 for each su...

How do I get a life insurance license in Illinois?

Follow the steps above. The licensing process is the same for all insurance agent and producer licenses.

How do I get a property and casualty license in Illinois?

Follow the steps above. The licensing process is the same for all insurance agent and producer licenses.

How much does it cost to get a life insurance license in Illinois?

Obtaining a life insurance license in Illinois requires these fees: Insurance Pre-license Education Course Fee: $189+ via ExamFx Exam Fee: $184 via...

How long does it take to process a life insurance license application in Illinois?

This process typically takes up to three business days from the date you submit your application.

Can I get a temporary life insurance agent license in Illinois?

Yes. Illinois provides a 180-day, temporary life insurance license. You can apply via the NIPR website and select Temporary Producer.

Can I get an emergency life insurance agent license in Illinois?

No. An emergency license isn’t available for life insurance agents in Illinois.

Do I need to get my securities license on top of a life insurance license in Illinois?

Probably. While you can sell certain basic life insurance products with just a life insurance license, a securities license removes the limits on w...

What can I sell with a life insurance license in Illinois?

With an Illinois life insurance license, you can sell life insurance policies that pay a designated beneficiary when the insured person dies. You a...

How much can you make with a life insurance license in Illinois?

According to ZipRecruiter, life insurance agents earn an average of $79,730 per year.

What are the limitations of an Illinois life insurance license?

Unless you have multiple licenses to sell various types of insurance products (e.g., the combined life and health insurance license), having an Ill...

Can I cancel my life insurance license in Illinois?

Yes. To cancel your license, mail a signed request (including your entity license number) to: Illinois Department of Insurance Attn: Licensing Unit...

How hard is it to get a life insurance license in Illinois?

The process is quite simple! Follow the steps above and get started today!

Illinois Insurance Prelicensing Exam Requirements - ExamFX

VIRTUAL TRAINING NOW AVAILABLE IN ILLINOIS. The State of Illinois has removed the in-person classroom training requirement. Candidates are now able to complete their certification through virtual training.

Illinois Department of Insurance :: Pearson VUE

Beginning January 16, 2018, Illinois Insurance will offer delivery of their exams in Spanish. Spanish exams are identified by the letter S at the end of the exam series code and the word (Spanish) in the exam description.

Illinois Insurance License State Requirements - Kaplan Financial Education

Acceptable Methods of Education. Classroom; Live Class Requirements. Pre-Class Study (must be completed prior to attending the live class): 12.5 hours (Life Only), 12.5 hours (Health Only), 25 (Life and Health); 12.5 (Property Only), 12.5 (Casualty Only), 25 (Property and Casualty); In-Class Exam In Illinois, an in-class graded exam is given to test your readiness for the state exam.

Illinois / Resident Licensing / Individual | NIPR

Business Rules. Effective November 5, 2015 the Illinois Department of Insurance will no longer mail paper renewal notices or licenses that have historically been mailed by the Illinois Department of Insurance’s Licensing Division.

Illinois Insurance License Training Classes - Licensing Exam Prep

Illinois Insurance Licensing Requirements How To Become An Insurance Agent In Illinois? Generally speaking, if you want to know how to become an insurance agent in illinois, you must first meet the basic state requirements such as age, pass a background check, then take the state-required pre-licensing courses and pass your state's licensing exam.

How long does it take to get an insurance license in Illinois?

To obtain an Illinois insurance license you should apply to the Illinois Department of Insurance through the National insurance Producer Registry.

How to print Illinois insurance license?

You may print your Illinois insurance license through the National Association of Insurance Commissioners website. Firstly create or enter your account, Secondly choose the state of Illinois, Then you will see the “Print my License” option, Click on it and the License Manager page will be opened,

How do I check my insurance CE credits in Illinois?

You can check your insurance CE credits through the National Association of Insurance Commissioners website .

How do I become an insurance adjuster in Illinois?

But, if you want to become an Independent Claims Adjuster in Illinois you should obtain the All Lines adjuster license from another state. The State Department of Insurance will issue an all lines adjuster’s license: Non-resident, a designation of the state as your home state. If you want to obtain an adjuster’s license in another state, this will allow you to apply for reciprocal licensing.

Does Illinois require an adjuster license?

The state of Illinois doesn’t issue licenses to insurance adjusters. If you want to become an independent adjuster you will need to obtain a nonresident designated home state (DHS) license from another state. It may be Texas as well as Florida etc. The DHS license is required by almost all employers. It will also let you apply for reciprocal licensing easily.

Steps To Get an Illinois Life Insurance License

Obtaining your Illinois life insurance license isn’t difficult. Just follow these four steps to start your journey toward becoming a life insurance agent. Once you earn this license, check out our guide on how to get your Illinois property and casualty (P&C) license as well.

Next Steps After Securing Your Illinois Life Insurance License

Once you complete the above steps and have your Illinois life insurance license, here’s what you should pursue next.

Illinois Department Of Insurance Contact Information

Illinois Department of Insurance 320 West Washington Street Springfield, IL 62767

How to get an insurance license in Illinois?

How to Get Your Illinois Insurance License. 1. Complete an Insurance Prelicensing Course. Illinois requires those seeking an insurance license to complete prelicensing before taking the state licensing exam. Prelicensing courses with Kaplan give you the best chance to pass—our pass rates are among the highest in the industry.

Where to find insurance license information in Illinois?

For additional information for resident licensing, or for nonresident license information, please refer to the Illinois Department of Insurance website at https://www.insurance.illinois.gov. Information is subject to change, and we will do our very best to make the process of completing your licensing education requirements as simple as possible.

How long is a prelicensing certificate valid?

Prelicensing education certificates are valid for one year from the date of completion. The state requires those who enroll in the Premium Live Online Package to Pre-Study 12.5 hours per line of authority and to answer attendance verification polling questions for the entire live online class to earn credit.

What is a DHS license?

The Texas Designated Home State (DHS) Adjuster license is available to an individual who is a resident of a state that does not license adjusters. This means you can obtain the Texas Property/Casualty Adjuster license just as a Texas resident adjuster would and complete the Texas bi-annual continuing education requirement. The Texas DHS Adjuster license is highly respected in the industry and can significantly enhance your credibility as an adjuster in your home state.

What is an in class exam in Illinois?

In-Class Exam In Illinois, an in-class graded exam is given to test your readiness for the state exam. The test must be passed with a 70% or greater in order to receive a certificate of completion.

How many hours of pre-study for a live online class?

The state requires those who enroll in the Premium Live Online Package to Pre-Study 12.5 hours per line of authority and to answer attendance verification polling questions for the entire live online class to earn credit.

When does Illinois license expire?

Illinois uses the last day of your birth month as your expiration date and the fee paid for licensure through NIPR will be prorated for the birth month expiration date.

How many hours of pre-licensing for a motor vehicle?

life, Accident/Health, Fire (Property) Casualty, Personal Lines – Fire (Property) and Casualty. The only exception is Motor Vehicle of which 12.5 hours of pre-licensing and 5 hours must be in the classroom setting. Here is a link to our Education provider look-up up where you can find a certified provider. www.statebasedsystems.com

When is the Illinois health insurance deadline?

The Illinois Department of Insurance (IDOI) encourages consumers to purchase a plan before the December 15th deadline to have health coverage beginning January 2021. There are 179 plans available from eight insurance carriers, and in most counties, consumers have more than one carrier to choose from. Press Release.

When is the ACA enrollment deadline for Illinois?

March 25, 2021 — Illinois Department of Insurance Announces ACA Marketplace Enrollment Deadline is Extended to August 15, 2021. Chicago - Eligible Illinoisans now have more time to sign up for ACA Health Insurance Marketplace plans. President Biden has extended the deadline for the Special Enrollment Period in Response to COVID-19 ...

How many health insurance carriers are there in Illinois in 2021?

Chicago - The Illinois Department of Insurance (IDOI) welcomes three new carriers as it releases health insurance rates for the Illinois Exchange 2021 Plan Year. The Illinois On-Exchange marketplace now has a total of eight carriers offering health insurance plans, including newcomers Bright Health Insurance Company of Illinois, MercyCare HMO, Inc. and SSM Health Plan. Continuing last year's downward trend, most Illinoisans will again see a decrease in premiums this year and rating areas remain the same. Press Release

How many Illinois consumers are enrolled in health plans?

Nearly 15,000 Illinois consumers purchased and enrolled in health plans since February, when President Biden signed an executive order to open the ACA Marketplace for a new Special Enrollment in response to COVID-19.

What did the Illinois Department of Insurance fine?

Chicago – The Illinois Department of Insurance (IDOI) fined Continental Indemnity Company and Applied Underwriters, Inc. for overcharging some Illinois small businesses for workers’ compensation insurance. The Department conducted a market conduct examination in 2019 and found that the companies marketed and sold unapproved workers’ compensation policies, packaged with side agreements, in violation of the law. Press Release

When is the ACA open enrollment for health insurance in Illinois?

Open Enrollment began Sunday, November 1 and runs through December 15, 2020. The Illinois Department of Insurance (IDOI) recommends consumers begin their search at getcoveredillinois.govto find accurate information to help compare health plans, get free enrollment help and even financial assistance (if they qualify). Press Release

When did Robert Muriel leave the Illinois Department of Insurance?

Chicago – Robert Muriel, Director of the Illinois Department of Insurance, announced today that he’ll leave his position on December 11, 2020. Muriel was appointed to the position by Governor J.B. Pritzker in March 2019.

What is the Illinois State Board of Education?from home.pearsonvue.com

The Illinois State Board of Education (ISBE) contracted with the Evaluation Systems group of Pearson for the development, administration, and scoring of the Illinois Licensure Testing System (ILTS). The purpose of the ILTS program is to help ensure that all candidates seeking certification in Illinois have the knowledge and skills necessary to perform the job of an entry-level educator in Illinois public schools.

How to schedule an appointment for ILTS?from home.pearsonvue.com

To schedule a test appointment, log in to your ILTS account at the site noted above and select “schedule” on the current registrations page for the test you wish to schedule.

How many hours a day do you have to take a test?from home.pearsonvue.com

Once you have registered to take a test, you may schedule your test appointment online 7 days per week, 24 hours per day. Test appointments are accepted on a first-come, first-served basis.

How to make an appointment for fingerprinting?from home.pearsonvue.com

Electronic fingerprinting appointments must be made through IdentoGO by IDEMIA by calling 888-467-2080 Monday through Friday, 8AM–5PM Central time, or by scheduling online at uenroll.identogo.com/workflows/11G6QF.

How long does a navigator license last in Illinois?

Temporary Producer licenses will automatically expire after ninety (90) days and are not renewable. Navigator certificate licenses are only issued for one (1) year. Illinois Department of Insurance requires proof that the navigator federal training was taken before issuing a Navigator license.

How old do you have to be to get a producer license in Illinois?

Applicant must be at least eighteen (18) years old or older as determined from the applicant's date of birth. Initial resident license transactions for Limited Lines Producer and Temporary Producer classes must be completed so that companies can submit an appointment to allow Illinois to issue the license.

How long is a license prorated?

A licensing fee is prorated if the total days of licensing granted to the applicant is less than a full two (2) years or seven hundred and thirty (730 days) as determined by the assigned expiration date, which is final day of the applicants birth month two (2) years in the future. If the license is issued for a full two (2) years ...

How many temporary licenses can an agent apply for?

An agent can only apply for one (1) temporary license in their lifetime. If a temporary license is applied for and there is an active or inactive Temporary Producer license class on PDB, the transaction will be declined.

What section of Illinois insurance code is surplus lines?

Applicants applying for a Surplus Lines Producer license must read Section 445 of the Illinois Insurance Code and Section 2701 of the Illinois Administrative Code regarding Surplus Lines. Failure to comply with these regulations may result in fines and penalty fees. Please go to [ http://nipr.com/surplus_lines/illinois_state_sl_message.htm ] to read the Surplus Lines Laws and Regulations for the State of Illinois.

Who pays for NIPR license?

Limited Lines: The appointing company will pay for the license through the appointment process. insurance producer is only responsible for NIPR transaction fee.

Do amendments to a resident license require a fee?

Amendments for resident license applications are not charged a state fee.

How long does it take to get a life insurance license in Illinois?

Each line of authority in Illinois 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.

How many questions are on the Illinois Life insurance Exam?

Part 1 has 50 questions covering types of policies (23 questions); policy provisions, riders and options (12 questions); insurance terms and other insurance concepts ( 15 questions) plus 10 additional questions that are not scored.

How much do insurance agents make?

According to the U.S. Bureau of Labor Statistics, an insurance agent makes an average of $50,600 per year as of 2018. The position’s pay can vary drastically, with the lowest 10% earning less than $27,500, and the highest 10% earning more than $125,610.

What is the fee for a non resident Illinois producer license?

Illinois imposes a $250 fee for a two-year non-resident producer license; therefore, Indiana must impose an equal fee to Illinois producers applying for or renewing non-resident producer licenses in Indiana. Other increased fees for Illinois non-resident licensees are listed below.

What is the hardest insurance exam?

Which insurance test is the toughest? Each insurance licensing exam presents its own challenge. Between Life and Health, students say that the Health insurance exam is the more difficult. Health insurance policies are simply more complicated than life insurance policies.

Is the life insurance exam multiple choice?

The questions on the Life and Health Insurance exam will be in three different multiple-choice formats: direct question, incomplete sentence, and “all of the following except.” Each question will have four possible answers from which the candidate must choose.

Why do insurance agents quit?

The number one secondary reason agents quit selling insurance was that they ran out of money. The second most common secondary reason agents failed selling insurance was that they ran out of prospects to sell to. The third reason was the agency wasn’t a good fit. And the fourth was personal issues.

How to become an insurance agent in Illinois?

Once you’ve passed your exams and completed the licensing application, you are now a licensed insurance agent in Illinois. A common question we hear is, “I have my insurance license, now what?” Here are a few things you can do or need to know: 1 Get a job in the insurance field. Check out StateRequirement’s Insurance Jobs board. 2 If you’re going to sell advanced life insurance products, you’ll need to have the proper securities licenses. Series 6 , Series 7, and Series 63 are the most common among insurance agents, but you’ll need to begin with the SIE (Securities Industry Essentials) exam. Find out which licenses you need with our Securities Licensing Guide. 3 Every two years, you’ll need to renew your insurance license. Check out our guides on Illinois Insurance License Renewal and Illinois Insurance Continuing Education for more details.

How often do you need to renew your insurance license in Illinois?

Every two years, you’ll need to renew your insurance license. Check out our guides on Illinois Insurance License Renewal and Illinois Insurance Continuing Education for more details.

What is the next step after completing all of your pre-license coursework?

For required insurance pre-license courses and exam prep, StateRequirement recommends: Kaplan Education Company. Step 3. Illinois Insurance License Exam . The next step after completing all of your pre-license coursework is to take the insurance exam. You will take one exam for each line of insurance you wish to carry.

How much do you need to score to pass the Illinois insurance exam?

You must score a “70” on each exam to pass. More information about testing and scoring in the Pearson Vue Illinois Insurance Licensing Candidate Handbook.

How to contact Illinois insurance license office?

If three (3) days pass after submitting your application and you haven’t received an email, contact the Illinois Insurance License Office at 217-782-4515.

How many hours of pre-licensing do you need to get a property license in Illinois?

How much does it cost to take the back to back producer exam?

The fee for each attempt of the exams is $103 for each “back to back producer exam” (P&C and LA&H) . When you show up you must have two (2) forms of ID, including a photo ID, and the original pre-license education certificate. Each “back to back” exam will be four (4) parts. An outline of each exam is available on this Pearson Vue PDF.