Iowa Life and Health Insurance Agent Exam

Life & Health 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 Insurance Division.

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 https://home.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. Submit your application and apply online here as well.

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
https://iid.iowa.gov/
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.
Quality starts with...
...who wrote the material.
Our practice exam writers:
Susan Wright, MBA, CLU, RHU, REBC
 has worked in the insurance and financial services industry for over 20 years, where she has focused, in part, on producing training and educational materials. She has held roles at several large insurance and investment companies. Ms. Wright has been licensed as an insurance agent and an NASD/FINRA securities broker. She has earned nine industry professional designations, including: Chartered Life Underwriter, Registered Health Underwriter, Registered Employee Benefits Consultant, Certified Senior Advisor and Certified in Long-Term Care.

Noah Sobin is a licensed life insurance agent and insurance consultant who has worked as an agent for over ten years and as an insurance underwriter for five years. He has worked for Lincoln Financial Group and Prudential Financial. He earned his BA in Economics from Flordia State University.
Our practice exam covers life and health insurance exam subject areas that are common across the country and is not specific to any one state but rather applicable to all states. It covers all of the following areas which are typically covered in your actual state Life & Health Insurance examination:
  • General insurance
  • Insurance regulation
  • Life insurance basics
  • Life insurance policies
  • Life insurance policy provisions, options, and riders
  • Annuities
  • Federal tax considerations for life insurance and annuities
  • Qualified plans
  • Health Insurance basics
  • Individual health insurance policy general provisions
  • Disability income and related insurance
  • Medical plans
  • Health maintenance organizations
  • Group health insurance
  • Dental insurance
  • Insurance for special needs individuals and senior citizens
  • Federal tax considerations for health insurance