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Insurance Licensing Candidate handbook

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State of wisconsin Insurance Licensing Candidate handbook March 2011 Quick Reference inside front cover Table of Contents page i Reservations page 8 Exam and Fingerprint Day: What to Bring page 13 Content
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State of wisconsin Insurance Licensing Candidate handbook March 2011 Quick Reference inside front cover Table of Contents page i Reservations page 8 Exam and Fingerprint Day: What to Bring page 13 Content Outlines page S1-S16 Test Center Locations back cover Quick Reference Reservations Before making an exam reservation Candidates should thoroughly review this handbook, which contains examination content outlines and important information regarding eligibility and the examination and licensing application process. State Licensing Information Candidates may contact the Wisconsin Office of the Commissioner of Insurance with questions about obtaining or maintaining a license after the examination has been passed. Making an exam reservation (details on page 8) Candidates may make a reservation by: Visiting Calling Pearson VUE Faxing Pearson VUE Candidates should make a reservation online or by phone at least (24) hours in advance, or by fax at least four (4) calendar days in advance. Walk-in examinations are not available. Wisconsin Office of the Commissioner of Insurance PO Box 7872 Madison, WI (608) Website Examination information Candidates may contact Pearson VUE with questions about this handbook or about an upcoming examination. Pearson VUE Wisconsin Insurance Attn: Regulatory Program 5601 Green Valley Dr. Bloomington, MN (800) pearson.com Website Schedules & Fees Test Center locations A list of test centers appears on the back cover of this handbook. Candidates should contact Pearson VUE to confirm specific locations and examination schedules. Exam fees The examination fee ($75 for one examination, or $150 for two examinations in a single session) must be paid by credit card, debit card, voucher or electronic check when a reservation is made. Payment will not be accepted at the test center. Examination fees are non-refundable and non-transferable, except as detailed in the Change/Cancel Policy (on page 10). Fingerprint fees Effective July 6, 2010, all candidates for examination will be required to register for and complete the digital fingerprinting background screen. The cost of this service is $ Payment must be made in the form of credit or debit card, or electronic check. Fingerprinting fees are non-refundable and non-transferable, except as detailed in the Change/Cancel Policy (on page 10). Exam Day What to bring to the exam Candidates MUST bring proper identification, and other materials as dictated by the state licensing agency. A complete list appears in What to Bring (page 13). Exam procedures Candidates should report to the test center at least thirty (30) minutes before the examination begins to complete registration. The time allotted for the examination varies (as detailed on page 5), and each candidate will leave the test center with an official score report in hand. Table of Contents Quick Reference... inside front cover Overview... ii Introduction... 1 Contact Information... 1 The Licensure Process... 1 Practice Tests... 1 Wisconsin Licensing Requirements... 2 Procedures for Obtaining a Resident Insurance Intermediary Agent License... 2 Prelicensing Education... 2 Federal Bureau of Investigation Criminal History Check Ins 6.59 (4) (a)... 3 License Authorities... 4 Exemption from Product Knowledge Portion of Examination and/or Prelicensing Education... 4 Nonresident Licensure... 4 Available Exams & Time Allotted... 5 Application Questions... 6 Reservations... 8 Phone and Internet Reservations for Fingerprinting... 8 Phone Reservations for Examinations... 8 Telecommunication Devices for the Deaf... 8 Allowable Exam Combinations... 9 Online Reservations for Examinations... 9 Fax Reservations for Examinations... 9 Exam Fees... 9 Electronic Checks Vouchers Change/Cancel Policy Absence/Lateness Policy Weather Delays and Cancellations Special Exam Accommodations English as a Second Language (ESL) Non-Saturday Exams Exam or Fingerprint Day What to Bring Exam Procedures Score Reporting Review of Exams Score Explanation Duplicate Score Reports Test Center Policies Exam Security Equating and Scaling Preparing for the Examination Content Outlines Exam Content Study Materials Exam Content Outlines... center of handbook appendix Fax Reservation Form... back of handbook Resident License Cover Sheet for Required Documentation... back of handbook Exemption Form From Prelicensing Requirements... back of handbook Bankruptcy Statement... back of handbook Voucher Request Form... back of handbook Duplicate Score Request... back of handbook Special Accommodations Request Form... back of handbook General Information Test Centers... back cover Available Exams... back cover Exam Fees... back cover Holiday Schedule... back cover State of Wisconsin Insurance page i Overview The candidate handbook is a useful tool in preparing for an examination. It is highly recommended that the Wisconsin Insurance Licensing Candidate Handbook be reviewed, with special attention given to the content outlines, before taking the examination. (Content outlines begin on page S1 of this handbook.) Individuals who wish to obtain an insurance license in the state of Wisconsin must: 1. Complete all pre-licensing education. (See page 2 for details.) 2. Assemble required documentation for inclusion with the application. All documents needed for yes answers to the application questions must be sent to the OCI with the cover sheet (OCI ), found in back of handbook, via fax, mail, or, in PDF format via . (See page 2 for additional details.) 3. Make a reservation and pay the examination fee. Make a reservation (online, by phone, or by fax) with Pearson VUE for the examination. (See pages 8-9.) 4. Make a fingerprint reservation. Make a reservation (online or by phone) with L-1 Solutions for the digital fingerprint. (See page 8.) 5. Go to the test center. Go to the test center on the day of the examination, bringing along all required materials. (See page 13.) 6. Apply for a license. After 5 business days of completing the examination, apply electronically for your license by visiting wisconsin. Section Ins 6.59(4)(c), Wis. Adm. Code states that examination scores are valid for 30 days. Failure to apply for the license within 30 days of passing an examination will require the candidate to retake the examination. See Wisconsin Licensing Requirements beginning on page 2 of this handbook for additional details. Candidate may also visit the website for the Wisconsin Office of the Commissioner of Insurance for more information regarding obtaining a license at: oci.wi.gov. Application instructions also appear on passing score reports. Copyright 2011 Pearson Education, Inc. or its affiliates. All Rights Reserved. page ii State of Wisconsin Insurance Introduction Contact Information Candidates may contact Pearson VUE with questions about this handbook or about an upcoming examination. Candidates may contact the Wisconsin Office of the Commissioner of Insurance with questions about requirements for obtaining or maintaining a license. For State Licensing For Examinations Wisconsin Office of the Commissioner of Insurance PO Box 7872 Madison, WI (608) (phone) Website oci.wi.gov Phone (866) Pearson VUE Wisconsin Insurance Attn: Regulatory Program 5601 Green Valley Dr. Bloomington, MN (800) Website For Digital Fingerprints L-1 Solutions, Inc. Wisconsin Insurance hours: Monday Friday, 8 AM 5 PM Central Time TDD/TTY (877) Website The Licensure Process Licensure is the process by which an agency of state government or other jurisdiction grants permission to individuals to engage in the practice of and prohibits all others from legally practicing a particular profession, vocation, or occupation. By ensuring a minimum level of competence, the licensure process protects the general public. The state regulatory agency is responsible for establishing the acceptable level of safe practice and for determining whether an individual meets that standard. The public s right to quality services and the state s responsibility to assure the safety and welfare of its citizens are the basis upon which the licensing process is predicated. Most licensing agencies use examinations as one of several methods for determining a candidate s qualifications to practice. The purpose of an examination is to provide a measure of candidate s knowledge of the subject and thus allow them to demonstrate their qualification for licensing. The state of Wisconsin has retained the services of Pearson VUE to develop and administer its insurance licensing examination program. Pearson VUE is a leading provider of assessment services to regulatory agencies and national associations. Practice Tests Practice tests are offered exclusively online at Practice Tests Practice tests are offered exclusively online at giving candidates even more opportunity to succeed on insurance examinations. Our practice tests will not only prepare candidates for the types of questions they will see on the licensure exam, but also familiarize them with taking computer-based examinations. Pearson VUE offers practice tests in the areas of Life, Accident and Health, Property and Casualty that contain questions developed by subject matter experts using concepts found in the general portion of the licensure examination. The tests closely reflect the format of the real licensure examination, can be scored instantly, and provide immediate feedback to help candidates identify correct and incorrect answers. Candidates can purchase practice tests anytime at State of Wisconsin Insurance page 1 Wisconsin Licensing Requirements Procedures for obtaining a resident insurance intermediary agent license Candidates should: First, complete required prelicensing education (Limited lines applicants are exempt from the prelicensing education.) Each candidate must complete at least 20 hours of prelicensing education. This requirement does not apply to any candidate applying for a limited line insurance license for credit insurance, legal expense insurance, miscellaneous limited line, title insurance, crop, surety, or travel insurance. All applicants taking self-study, correspondence, or online prelicensing course must pass a certified proctored exam. The candidate must obtain a Certificate of Prelicensing Education from the prelicensing provider prior to taking the licensing examination. Failure to complete all prelicensing requirements will require the candidate to re-take the licensing examination. Assemble documentation needed for any yes answers to the application questions listed on page 6 and 7 of this handbook. This documentation should be forwarded to OCI, at the time the electronic application is completed. Documents can be faxed to OCI at (608) , mailed to Agent Licensing, PO Box 7872, Madison, WI , or sent in a PDF format to Please use the cover sheet in the back of this handbook. Make an examination reservation. (Major lines applicants must wait to take the examination after completing all prelicensing education requirements.) Candidates should follow the procedures as detailed in the Exam Reservation section of this handbook. Please note that pursuant to s. Ins 6.595(5), Wis. Adm. Code, you must be at least eighteen (18) years of age to obtain a license. Persons younger than 18 will not be allowed to complete the examination process. Make a Fingerprint Reservation. Candidates should follow the procedures as detailed in the Digital Fingerprint Reservation section of the handbook. After 5 business days of passing the examination, apply electronically by visiting Grades are valid for 30 days. Persons who fail to apply within that 30 days will be required to retest. The Office of the Commissioner of Insurance (OCI) will issue the license upon receipt of a complete electronic application from the applicant, including the candidate s passing scores and are satisfied that the candidate has met all licensing requirements. It is imperative that you provide your full name (no nicknames), correct social security number and date of birth to the prelicensing school (if applicable), to Pearson VUE, and on your electronic application to assure that all electronic records match. Licenses are generally issued to those who qualify within two weeks after candidates pass the examination. A $10 fee is charged for each application submitted (s (1) (Lg), Wis. Stat). You need only submit one application that can include one or more lines of authority. Duplicate applications for the same lines of authority will require an additional $10 nonrefundable fee for each, and will not be processed. Have the insurance company appoint them with the OCI. page 2 State of Wisconsin Insurance Prelicensing Education Prelicensing education is required for all candidates applying for a license in the major lines of Life, Accident & Health, Property, Casualty, and Personal Lines P&C. Education must be completed at a school approved by the Wisconsin Office of the Commissioner of Insurance. Persons completing approved self-study prelicensing courses must pass an exam administered by the approved school to receive credit. These exams are in addition to the licensing exams required by the state of Wisconsin. The prelicensing school must 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 examination, and is valid for one year from the date of completion. The course content provided by schools will include eight (8) hours of study of the principles of insurance, general Wisconsin insurance laws and ethics. Once these eight hours are completed, they need not be repeated for each line. Twelve (12) hours regarding policies, terms and concepts and line specific insurance law must be completed for each major line. These candidates are exempt from the prelicensing requirement: Candidates applying for an examination in the limited lines of Title, Credit, or Legal Expense. Those who have completed a two-year Wisconsin technical college degree program in insurance; those with a four-year college degree in business with an emphasis on insurance; or those who hold the appropriate designations identified in Section Ins (2) (g), (h), and (i), Wis.Adm Code. The Exemption Form from Prelicensing Requirements (OCI ) is located at the back of this handbook. Candidates must submit the appropriate exemption certificate and official documentation. For those who are claiming a degree, the transcript must be an original, and therefore must be mailed directly to the OCI at the address identified on the form. The exemption form with other supporting documentation may be faxed to OCI at (608) , or sent in a PDF format to Please use the Resident License Cover Sheet for Required Documentation form located in the back of this handbook. A list of approved prelicensing education schools is available at wisconsin. Federal Bureau of Investigation Criminal History Check Ins 6.59 (4) (a) This section adds the requirement that agents submit fingerprints in order to conduct a Federal Bureau of Investigation (FBI) criminal history check as part of the application process for agents applying for a resident license. As of July 6, 2010, fingerprinting is required of all new resident applicants. Fingerprinting is also required of existing resident agents looking to add new lines of authority to their existing license that have not been fingerprinted in the last 180 days. Fingerprints will be scanned at the test center at the time of examination and sent to the FBI electronically. The completed reports will be valid for a period of 180 days. OCI will continue to require a separate electronic Wisconsin Crime Information Bureau (CIB) check. The cost of fingerprinting is $ The fee for the separate CIB check remains at $18. The total cost of $52.25 will be collected at the time of reservation. State of Wisconsin Insurance page 3 License Authorities Agent license authorities can be obtained for the following lines of insurance: Major Lines Life Accident and Health Property Casualty Personal Lines P&C (this license limits the sale of P&C insurance to individuals and families for non-commercial purposes). Limited Lines Credit Title Legal Expense Note: To sell Auto and/or Homeowner s Insurance, an agent must obtain both Property and Casualty authorities. Additional lines of authority not requiring prelicensing education or an examination include the limited lines of Crop, Surety, Travel, and the major line of Variable Life. Information on how to obtain these qualifications is available at oci.wi.gov. Exemption from Product Knowledge Portion of Examination and/or Prelicensing Education New Wisconsin residents applying for an original resident license and who have held a license that expired on their previous resident state more than 12 months ago for each of the lines for which they applied, need only take the portion of the examination that covers state law, rules and regulations (Part 2). Completion of prelicensing education would be required. At the time of examination, the candidate must inform the test center manager that the general section of the examination is being waived and only the state section is being taken. Wisconsin residents who are reapplying for a resident license more than 12 months after their license was cancelled or revoked need only take the portion of the examination that covers state law, rules and regulations (Part 2). Completion of prelicensing education would be required. At the time of examination the candidate must inform the test center manager that the general section of the examination is being waived and only the state section is being taken. New or current residents who are applying or reapplying for a resident license less than 12 months following license cancellation are exempt from prelicensing education and examination requirements. Log on to oci.wi.gov to obtain the appropriate license application (OCI R). Nonresident Licensure The procedures outlined in this handbook apply to resident licensing only. To obtain information on applying for a nonresident license, candidates should contact the Office of the Commissioner of Insurance at P.O. Box 7872, Madison, Wisconsin ; telephone (608) or log on to page 4 State of Wisconsin Insurance available exams Exam Section Time Length Life Health Property Casualty Personal Lines General State General State General State General State General State 1 hour 15 minutes 45 minutes 1 hour 15 minutes 1 hour 1 hour 15 minutes 45 minutes 1 hour 15 minutes 45 minutes 1 hour 30 minutes 45 minutes Title 1 part 60 minutes Credit 1 part 45 minutes Legal Expense 1 part 45 minutes State of Wisconsin Insurance page 5 application questions Candidates are required to answer the following questions on the licensing application that must be filed electronically. The application can be accessed after 5 business days of successfully completing the examination at Candidates who answer YES to any of the questions, must submit copies of the listed documentation directly to OCI for consideration. Please use the Resident License Cover Sheet for Required Documentation form located in the back of this handbook. Applications are reviewed on an individual basis once they are received by the OCI. Decisions cannot be made prior to receipt of the completion application including all other required documentation. 1. Have you ever been convicted of a crime, had a judgment withheld or deferred, or are you currently charged with committing a crime? Crime includes a misdemeanor, felony or a military offense. You may exclude misdemeanor traffic citations or convictions involving driving under the influence (DUI) or driving while intoxicated (DWI), driving without a license, reckless driving, or driving with a suspended or revoked license and juvenile offenses. Convicted includes, but is n
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