Which exam for insurance agent?

PSI Services offers full screening services to candidates seeking to obtain an insurance license in New York. The licensing exam consists of 160 multiple-choice questions. They cover everything from general knowledge common to all insurance agents to concepts and topics that are very specific to the insurance field for which you license. Preparation materials should cover all relevant exam topics, so even if they can't give you exact test questions, you should be more than prepared if you've studied them diligently.

The first step to obtaining your insurance license is to choose the licenses you need. The most common licenses that new insurance agents obtain are the property license %26 for accidents (P%26C), the life and health insurance license (L%26H). Having a current insurance agent license on the insurance line you sell is the only requirement to become an insurance agent. Once you have passed your exams and completed the license application, you will now be a licensed insurance agent in New York.

Accident insurance is a more conceptual topic and harder for students to understand, especially if you've never been sued before. The only way to get this information is to perform a name search in the New York Insurance License Search Tool. Depending on your state and line of insurance, you will be seated for approximately two to three hours answering fewer than a hundred questions. However, each exam consists of two parts: the “national insurance” section and the “state section”.

Of course, everyone needs insurance and there is a high demand for agents who can make the insurance buying process faster, cheaper and hassle-free. Also, check the National Association of Insurance Commissioners (NAIC) website for more information and to consult with any insurance company. Now that you have the basic requirements in place, it's time to learn about the different lines of insurance. Most insurance agents and producers choose to obtain the P%26C and L%26H licenses, but if you plan to specialize in a single category, you don't need all of the licenses.

This license qualifies you to explain, sell and write life and health insurance products in New York. The requirements for purchasing an insurance license vary depending on the state in which you want to sell policies. However, if you want to sell property and accident insurance (P%26C), then you'll need P%26C insurance. The insurance exam intensively evaluates definitions (terminology) and numbers (dollar amounts and number of days).

Angelia Brazille
Angelia Brazille

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