Missouri Insurance License – Everything You Need to Know

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Getting a Missouri insurance license is a crucial step towards starting a career in the insurance industry. A license allows an individual to sell various types of insurance policies, including auto, home, life, health, and business insurance. In this article, we’ll cover everything you need to know about obtaining a Missouri insurance license.

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Types of Missouri Insurance Licenses

Missouri offers two types of insurance licenses – producer license and adjuster license. A producer license allows an individual to sell insurance policies to clients, whereas an adjuster license allows an individual to investigate and settle insurance claims on behalf of insurance companies.

Producer License

To obtain a producer license, you need to pass an insurance exam and meet other requirements, such as completing pre-licensing education, submitting fingerprints, and paying a licensing fee. Missouri offers three types of producer licenses:

Type
Description
Property and Casualty
Covers auto, home, business, and other types of property and casualty insurance
Life
Covers life insurance and annuities
Health
Covers health, disability, and long-term care insurance

Each license requires passing a specific exam and meeting specific pre-licensing education requirements. Some individuals may be eligible for a waiver of pre-licensing education if they have certain professional designations or experience in the insurance industry.

Adjuster License

To obtain an adjuster license in Missouri, you need to pass the Missouri Adjuster Exam and meet other requirements, such as completing pre-licensing education, submitting fingerprints, and paying a licensing fee. Adjuster licenses are available for three types of claims:

Type
Description
Property
Covers property damage claims, such as those caused by fire, hail, or wind
Casualty
Covers liability claims, such as those caused by auto accidents or slip and fall incidents
Workers’ Compensation
Covers claims related to on-the-job injuries and illnesses

Each adjuster license requires passing a specific exam and meeting specific pre-licensing education requirements.

Requirements for Getting a Missouri Insurance License

To become a licensed insurance professional in Missouri, you need to meet the following requirements:

Age Requirement

Applicants must be at least 18 years old for all types of licenses.

Residency Requirement

There is no residency requirement for obtaining a Missouri license.

Educational Requirement

Applicants must complete the pre-licensing education requirement for each license type. The requirement varies depending on the license type, but it typically ranges from 20 to 40 hours of classroom or online instruction.

Exam Requirement

Applicants must pass the exam for each license type. The exam is administered by Prometric and can be scheduled online. The exam fee is $80 for each exam attempt.

Fingerprint Requirement

Applicants must submit fingerprints to the Missouri State Highway Patrol for a criminal background check. The fingerprint fee is $41.75.

Licensing Fee

The licensing fee for each license type is $50.

FAQs

How long does it take to get a Missouri insurance license?

The time it takes to get a Missouri insurance license depends on how long it takes to complete the pre-licensing education, pass the exams, and complete the fingerprinting and background check process. Generally, it takes about 2-4 weeks to get a license once all the requirements are met.

What is the passing score for the Missouri insurance exam?

The passing score for the Missouri insurance exam is 70% or higher.

Can I apply for multiple insurance licenses in Missouri?

Yes, you can apply for multiple insurance licenses in Missouri. However, you need to meet the education and exam requirements for each license type separately.

How do I renew my Missouri insurance license?

You can renew your Missouri insurance license online through the National Insurance Producer Registry (NIPR). The renewal fee is $50 for each license type.

What happens if my Missouri insurance license expires?

If your Missouri insurance license expires, you need to complete the required continuing education and pay a late renewal fee of $25 per license type. If you fail to renew your license within 90 days of the expiration date, you need to retake the exam and meet all the initial licensing requirements.

Conclusion

Getting a Missouri insurance license is a necessary step towards starting a career in the insurance industry. The process requires completing pre-licensing education, passing exams, submitting fingerprints, and paying fees. By obtaining a license, you can sell insurance policies or investigate and settle claims on behalf of insurance companies. Be sure to meet all the requirements and stay on top of continuing education to maintain your license.

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