Iowa 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 Iowa.

Who Grants a License: Licenses are granted by the Iowa Department of Insurance.
Life and Health Insurance Agent Exam
Qualifications to receive a License
: Individuals who wish to obtain an insurance license in the State of Iowa must:
 
1. Be at least eighteen (18) years of age.
2. Be a resident of the state of Iowa.
3. Make a reservation and pay the fee.
4. Pass the examination.
5. Apply for a license.
 
Applying for the Producer Exam:  It is highly recommended that the Iowa Insurance Licensing Candidate Handbook be reviewed, and special attention be given to the content outlines (available at www.pearsonvue.com), before taking an examination.
 
The State of Iowa utilizes 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. Online reservations are the most efficient way for candidates to schedule their examination. Candidates must go to www.pearsonvue.com/ia/insurance to make an online reservation for an examination. Candidates may call (877) 540-5825 to make an exam reservation by phone.
 
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 that includes information on how to apply for a license. Candidates who fail the examination will receive a score report that includes a numeric score and diagnostic information relating to the general portion of the examination, as well as information about reexamination.
 
Each examination is based on a detailed content outline of topics, subtopics, and references to applicable state laws, statutes and regulations. The Iowa Insurance Licensing Candidate Handbook 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 – I0WA SPECIFIC CONTENT (27 scoreable questions plus 5 pretest questions)
 
I. IOWA LAWS, RULES, AND REGULATIONS COMMON TO ALL LINES (15)
A. Insurance Commissioner/Division
B. Licensing
C. Unfair and Deceptive Practices
D. Guaranty Association
 
II. IOWA LAWS, RULES, AND REGULATIONS PERTINENT TO LIFE INSURANCE ONLY (12)
A. Policy replacement
B. Disclosure and solicitation requirements
C. Group Life Insurance
D. Individual life and annuities
E. Suitability
 
ACCIDENT & 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 – IOWA SPECIFIC CONTENT (30 scoreable questions plus 5 pretest questions)
 
I. IOWA LAWS, RULES, AND REGULATIONS COMMON TO ALL LINES (15)
A. Insurance Commissioner/Division
B. Licensing
C. Unfair and Deceptive Practices
D. Guaranty Association
 
II. IOWA LAWS, RULES, AND REGULATIONS PERTINENT TO ACCIDENT AND HEALTH INSURANCE ONLY (15)
A. Individual Health insurance
B. Group Health insurance
C. Medicare supplement insurance
D. Long Term Care insurance
E. Special Programs
 
How to Apply for the License: After passing the examination, allow 2-3 business days for your notification to be uploaded to the NIPR (National Producer Insurance Registry) website. Then submit application and license fee online following links on http://www.nipr.com/producer_landing.htm.

Please note that the application process must be completed within 90 days of passing the examination
 
State Licensing Information:
 
Iowa Insurance Division
Two Ruan Center
601 Locust, 4th FL
Des Moines, IA 50319
Phone: (515) 281-7757
Fax: (515) 281-3059
www.iid.state.ia.us
producer.licensing@iid.iowa.gov
 
Pearson VUE Licensing Information:
 
Pearson VUE
Iowa Insurance
Attn: Regulatory Program
5601 Green Valley Dr.
Bloomington, MN 55437
877-540-5825
pearsonvuecustomerservice@pearson.com
www.pearsonvue.com
 
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 Iowa are regulated by the Iowa Department 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.

For life and health insurance agent exam preparation products, such as study guides, flashcards and courses, go to Tests.com’s Life and Health Insurance Sales Exam listings.

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