Wisconsin Personal Lines Insurance License Exam — All Questions

Which agency issues resident personal lines insurance producer licenses in Wisconsin?

• a.The Wisconsin Office of the Commissioner of Insurance✓
• b.The Wisconsin Department of Transportation
• c.The Wisconsin Bureau of Insurance Agents
• d.The federal Department of Insurance

Insurance in Wisconsin is regulated by the Office of the Commissioner of Insurance (OCI), led by an appointed Commissioner of Insurance. It licenses producers and companies, reviews rates and forms, and enforces the insurance code. There is no federal insurance department. Source: Wisconsin Office of the Commissioner of Insurance (https://oci.wi.gov).

After a producer is licensed in Wisconsin, what generally must occur before transacting business for a specific insurer?

• a.Nothing further — the license alone authorizes sales for any insurer
• b.The insurer must appoint the producer, with the appointment on file with the Office of the Commissioner of Insurance✓
• c.The producer must post a personal surety bond with the state treasurer
• d.The producer must first sell to at least five clients on a temporary permit

A license lets a person act as a producer, but to represent a particular company that insurer must appoint the producer, with the appointment filed with the Wisconsin Office of the Commissioner of Insurance. A producer may hold appointments from several insurers at once. This follows the NAIC producer-licensing model Wisconsin uses.

Which statement about continuing education (CE) for resident personal lines producers in Wisconsin is correct?

• a.Resident producers must complete state-approved CE each renewal cycle to keep the license active; confirm the exact hours and ethics requirement with the Office of the Commissioner of Insurance✓
• b.CE is optional and only recommended for new producers
• c.CE is required once, in the first year, and never again
• d.Passing the licensing exam permanently exempts a producer from all CE

Like other states, Wisconsin requires resident producers to complete approved continuing education each renewal cycle, typically including an ethics component, before renewing. Because specific hour totals can change, verify the current CE requirement with the Wisconsin Office of the Commissioner of Insurance (https://oci.wi.gov).