Ohio Insurance License: Everything You Need to Know

Obtaining an Ohio insurance license is the first step in launching a career in the insurance industry. It is a requirement for anyone who wants to sell insurance policies, provide advice, or work in the insurance industry in Ohio. In this article, we will explore everything you need to know about obtaining an Ohio insurance license, including the process, requirements, and frequently asked questions.

Why Get an Ohio Insurance License?

An Ohio insurance license is a crucial requirement for anyone who wants to work in the insurance industry. Without a license, you cannot sell insurance policies, provide advice, or work for an insurance company in the state of Ohio. The benefits of obtaining an insurance license in Ohio include:

Benefits of an Ohio Insurance License
Ability to work for an insurance company in Ohio
Increased job opportunities
Higher earning potential
Opportunity to provide valuable advice to clients

In short, obtaining an Ohio insurance license is a requirement for anyone who wants to work in the insurance industry in Ohio, and it opens up a range of career opportunities and earning potential.

How to Get an Ohio Insurance License

Obtaining an Ohio insurance license requires completing pre-license education, passing a licensing exam, and submitting an application to the Ohio Department of Insurance. We will explore each step in detail below.

Step 1: Pre-License Education

The first step in obtaining an Ohio insurance license is to complete pre-license education. This involves completing a state-approved pre-licensing course that covers the principles of insurance and the Ohio insurance laws and regulations. The pre-license education requirement varies depending on the type of insurance license you want to obtain.

The Ohio Department of Insurance website provides a list of approved pre-license education providers. It is important to choose a reputable provider that offers comprehensive and up-to-date pre-license education.

Step 2: Licensing Exam

After completing the pre-license education, you must pass a licensing exam. The licensing exam covers the principles of insurance, the Ohio insurance laws and regulations, and the specific insurance products you will be selling.

The licensing exam is administered by a third-party testing company, PSI. You can schedule your exam online through the PSI website or by phone. The exam fee is $56 per attempt.

Step 3: Submitting an Application

After passing the licensing exam, you must submit an application to the Ohio Department of Insurance. The application fee is $100, and you must provide proof of completion of pre-license education, passing the licensing exam, and any other required documentation.

Upon approval of your application, you will receive your Ohio insurance license via mail.

Ohio Insurance License Requirements

To obtain an Ohio insurance license, you must meet certain requirements. The requirements vary depending on the type of insurance license you want to obtain. We will explore the requirements for the most common types of insurance licenses below.

Property and Casualty Insurance License

To obtain a property and casualty insurance license in Ohio, you must:

• Be at least 18 years old
• Complete 40 hours of pre-license education
• Pass the Ohio property and casualty licensing exam
• Submit an application and fee to the Ohio Department of Insurance

Life and Health Insurance License

To obtain a life and health insurance license in Ohio, you must:

• Be at least 18 years old
• Complete 40 hours of pre-license education
• Pass the Ohio life and health licensing exam
• Submit an application and fee to the Ohio Department of Insurance

Surplus Lines Insurance License

To obtain a surplus lines insurance license in Ohio, you must:

• Have an active property and casualty insurance license in Ohio
• Complete additional surplus lines pre-license education
• Pass the surplus lines licensing exam
• Submit an application and fee to the Ohio Department of Insurance

Frequently Asked Questions About Ohio Insurance License

How long does it take to get an Ohio insurance license?

The time it takes to obtain an Ohio insurance license varies depending on the individual. It typically takes 2-4 weeks to complete pre-license education, pass the licensing exam, and submit an application.

How much does it cost to get an Ohio insurance license?

The cost of obtaining an Ohio insurance license varies depending on the type of license you want to obtain. The pre-license education course fees range from $150-$300, the licensing exam fee is $56 per attempt, and the application fee is $100.

Can I get an Ohio insurance license with a felony conviction?

It depends on the nature of the felony conviction. The Ohio Department of Insurance conducts background checks on all license applicants and may deny a license based on certain types of felony convictions. However, each case is reviewed on an individual basis.

Do I need to renew my Ohio insurance license?

Yes, Ohio insurance licenses must be renewed every two years. To renew your license, you must complete continuing education requirements and submit a renewal application and fee to the Ohio Department of Insurance.

Can I sell insurance policies in other states with an Ohio insurance license?

No, you must obtain a separate insurance license for each state in which you want to sell insurance policies. Each state has its own requirements and licensing process.

Conclusion

Obtaining an Ohio insurance license is a crucial requirement for anyone who wants to work in the insurance industry in Ohio. The process involves completing pre-license education, passing a licensing exam, and submitting an application to the Ohio Department of Insurance. The requirements vary depending on the type of insurance license you want to obtain. We hope this article has provided valuable information to help you on your journey to obtaining an Ohio insurance license.