Insurance Producer (Agent)

About

Insurance producers assist individuals or companies in selecting insurance coverage to meet their needs; compile lists of prospective clients to provide leads for additional business; contact prospects and explain features and merits of policies offered; calculate and quote premium rates for policies; and, call on policyholders to deliver and explain policies and to suggest additions and/or changes. Depending upon the arrangement with the insurance company, they may collect premiums from policyholders to remit to the company and maintain a record of payments.

Code Citation IC 522B; IAC 191.10; IAC 191.11

Who Applies A person offering to the public, for a fee or commission, to engage in the business of offering any advice, counsel, opinion or service with respect to the benefits, advantages or disadvantages promised under any policy must be licensed as an insurance producer.

When To Apply Application must be completed after successful completion of the examination within 90 days.

Initial Requirements Applicants must be at least 18 years of age and pass one or more of the appropriate examinations listed below. Non-residents can obtain an Iowa license but must first be licensed in their home state. For additional information on obtaining a non-resident license, contact the Iowa Division of Insurance.

Duration Three years.

Processing Time Must apply on line at www.nipr.com.

Fee Structure Application: $50 Renewal: $50

Renewal Requirements All insurance producers must meet a continuing education requirement of thirty-six hours every three years prior to their license expiration date, and submit a renewal application.

Exam The Iowa Insurance Division currently has a contract with Pearson-Vue to conduct the exam program. Information about insurance exams can be found at https://home.pearsonvue.com/ia/insurance.

Additional Information Please visit https://iid.iowa.gov/regulated-individuals.