Iowa Property & Casualty Insurance License Exam — All Questions
2 questions
What does a resident generally do to become a licensed property and casualty producer in Iowa?
- a.Apply to the Iowa Insurance Division, complete any required prelicensing education, pass the state P&C exam, clear a background check, and pay the fee.✓
- b.Simply register a business name with the county clerk.
- c.Hold any state's license and notify the motor-vehicle agency.
- d.Be appointed by an insurer with no examination required.
A resident applicant obtains a Iowa P&C producer license through the Iowa Insurance Division: submitting an application, completing any required prelicensing course, passing the licensing examination, clearing a background/fingerprint check, and paying the fee. Confirm current prelicensing-hour and fee details with the Iowa Insurance Division, as they are set by rule and change.
To keep a Iowa P&C license active, a producer must generally do what each renewal period?
- a.Never renew, because a P&C license is issued for life.
- b.Renew only when changing employers.
- c.Complete continuing education only if the producer sells annuities.
- d.Renew on the state cycle with a fee and complete state-approved continuing education, including an ethics component.✓
To stay licensed, a Iowa producer must renew on the state's cycle, pay the renewal fee, and complete state-approved continuing education (including an ethics portion) before renewing. To transact a specific insurer's business the producer must also be appointed by that company. Verify the exact CE hour totals and renewal cycle with the Iowa Insurance Division, as those figures are set by the regulator.