Wisconsin Life and Health Insurance Agent Exam
Need of a License: An individual who is acting as an agent or producer needs a license to sell life and health insurance in Wisconsin.Who Grants a License: Licenses are granted by the Wisconsin Office of the Commissioner of Insurance.
Qualifications to receive a License: Individuals who wish to obtain an insurance license in the State of Wisconsin:
1. Be at least eighteen (18) years of age.
2. Be a resident of Wisconsin.
3. Complete the pre-licensing education requirements.
4. Complete the fingerprinting requirement.
5. Make a reservation and pay the examination fee.
6. Pass the examination.
7. Apply for a license.
Prelicense Education Requirements: Each candidate must complete at least 20 hours of prelicensing education per line of insurance. Prelicensing education must be completed at a school approved by the Office of the Commissioner of Insurance. Applicants completing approved self-study prelicensing courses must also pass a proctored examination and have the proctored affidavit form submitted to the approved school to receive credit. This is in addition to the licensing examination. The prelicensing school/provider will electronically submit course completion data for each applicant. It is required to be banked within ten (10) days of course completion and/or successful completion of the self-study examination(s). Prelicensing education must be completed prior to taking the licensure examination, and is valid for one year from the date of completion. A list of approved prelicensing education schools is available at www.sircon.com.
Fingerprinting Requirement: Candidate can make a reservation on Fieldprint at www.fieldprintwisconsin.com. At the time of reservation, candidate must enter the Fieldprint code
(not case sensitive): FPWIOCIInsurance.
Applying for the Producer Exam: It is highly recommended that the Wisconsin Insurance Licensing Information Bulletin be reviewed, and special attention be given to the content outlines (available at https://www.prometric.com/wisconsin/insurance), before taking an examination. The State of Wisconsin utilizes Prometric to develop and administer its insurance licensing examination program. Online reservations are the most efficient way for candidates to schedule their examination. Candidates must go to https://www.prometric.com/wisconsin/insurance to make an online reservation for an examination.
Test Information: When candidates complete the examination, they will receive a score report marked
“pass” or “fail”. Candidates who pass the examination will receive a score report with instructions on how to apply for a license. A scaled score of 70 is required to pass the exam. The Wisconsin Insurance Licensing Information Bulletin contains specific content information beyond the following general outlines:
LIFE – GENERAL KNOWLEDGE CONTENT (50 scoreable questions plus 10 pretest questions)
I. TYPES OF POLICIES (12)
A. Traditional whole life products
B. Interest/market-sensitive life products
C. Term life
D. Annuities
E. Combination plans and variations
II. POLICY RIDERS, PROVISIONS, OPTIONS, AND EXCLUSIONS (19)
A. Policy riders
B. Policy provisions and options
C. Policy exclusions
III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICY (11)
A. Completing the application
B. Underwriting
C. Delivering the policy
IV. TAXES, RETIREMENT, AND OTHER INSURANCE CONCEPTS (8)
A. Third-party ownership
B. Group life insurance
C. Retirement plans
D. Life insurance needs analysis/suitability
E. Social Security benefits and taxes
F. Tax treatment of insurance premiums, proceeds, and dividends
LIFE-WISCONSIN SPECIFIC CONTENT OUTLINE
State Statutes, Rules and Regulations (28 scoreable questions plus 6 pretest questions)
I. WISCONSIN STATUTES, RULES, AND REGULATIONS COMMON TO LIFE, DISABILITY (A&H), PROPERTY AND CASUALTY INSURANCE
A. Responsibilities of the Commissioner of Insurance
B. Licensing
C. Marketing practices
D. General statutes, rules, and regulations affecting insurance contracts
E. Regulation of specific clauses in insurance contracts
II. WISCONSIN STATUTES, RULES, AND REGULATIONS PERTINENT TO LIFE INSURANCE AND ANNUITIES ONLY
A. Policy provisions
B. Marketing methods and
C. Life insurance illustration
D. Interstate insurance product regulation compact
HEALTH – GENERAL KNOWLEDGE CONTENT (50 scoreable questions plus 10 pretest questions)
I. TYPES OF POLICIES (14)
A. Disability income
B. Accidental death and dismemberment
C. Medical expense insurance
D. Medicare supplement policies
E. Group insurance
F. Long Term Care (LTC)
G. Limited Benefit Plans
II. POLICY PROVISIONS, CLAUSES, AND RIDERS (20)
A. Mandatory provisions
B. Optional provisions
C. Other provisions and clauses
D. Riders
E. Rights of renewability
III. SOCIAL INSURANCE (3)
A. Medicare
B. Medicaid
C. Social Security benefits
IV. OTHER INSURANCE CONCEPTS (4)
A. Total, partial, and residual disability
B. Owner’s rights
C. Dependent children benefits
D. Primary and contingent beneficiaries
E. Modes of premium payments
F. Nonduplication and coordination of benefits
G. Occupational vs. non-occupational
H. Tax treatment of premiums and proceeds of insurance contracts
I. Managed care
J. Workers Compensation
K. Subrogation
V. FIELD UNDERWRITING PROCEDURES (9)
A. Completing application and obtaining necessary signatures
B. Explaining sources of insurability information
C. Initial premium payment and receipt and consequences of the receipt
D. Submitting application (and initial premium if collected) to company for underwriting
E. Ensuring delivery of policy and related documents to client
F. Explaining policy and its provisions, riders, exclusions, and ratings to clients
G. Replacement
H. Contract law
ACCIDENT AND HEALTH-WISCONSIN SPECIFIC CONTENT OUTLINE
State Statutes, Rules and Regulations (39 scoreable questions plus 8 pretest questions)
I. WISCONSIN STATUTES, RULES, AND REGULATIONS COMMON TO LIFE, DISABILITY (A&H), PROPERTY AND CASUALTY INSURANCE
A. Responsibilities of the Commissioner of Insurance
B. Licensing
C. Marketing practices
D. General statutes, rules, and regulations affecting insurance contracts
E. Regulation of specific clauses in insurance contracts
II. WISCONSIN STATUTES, RULES, AND REGULATIONS PERTINENT TO DISABILITY (A&H) INSURANCE ONLY
A. Policy provisions
B. Coverages
C. Marketing methods and practices
D. Long-term care insurance
E. Requirements for group health policies
F. Medicare supplement
G. Short-term medical policies
H. Interstate insurance product regulation compact
How to Apply for the License: Agents can submit an electronic application on Sircon at www.sircon.com or NIPR at www.nipr.com.
State Licensing Information:
Office of the Commissioner of Insurance (OCI)
PO Box 7872
Madison, WI 53707-7872
Tel. (608) 266-8699
Toll-free number: (800) 236-8517
E-mail: ociagentlicensing@wisconsin.gov
Web site: www.oci.wi.gov
Pearson VUE Licensing Information:
Pearson VUE
Wisconsin Insurance
Attn: Regulatory Program
5601 Green Valley Dr.
Bloomington, MN 55437
(800) 274-8979
License Renewal Requirements: Individual Producer licenses must be renewed every two years and there is a continuing education requirement.
Applicable Regulations: Life and health insurance agents in Wisconsin are regulated by the Wisconsin Office of the Commissioner of Insurance
For more information on life and health insurance agent licensing and exam preparation, go to Tests.com’s Life and Health Insurance Exam Guide.
And take Tests.com’s free Life and Health Insurance Agent Practice Test.
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