In order to sell property and casualty insurance, you need a proper license. You first will need to pass the licensing exam in the state where you want to sell insurance. The process can vary by state, as well as the passing score and pass rate. The content topics and exams structure are generally the same across the country.
What Can You Do with This License?
With this license, you can sell a variety of different property, and casualty policies, including homeowners insurance, condo insurance, renters insurance, landlord insurance, and automobile insurance. You can also sell insurance for business properties. Some agents will only want to specialize in one type of insurance, while others will want to sell multiple types. If you specialize in a certain type of policy, you may have a smaller pool of clients, but you will be better able to learn specifics to help your clients further. Whatever type of policy you will sell, agents have similar responsibilities. You will need to tailor the policy to a client’s needs and requirements and advise them on what policy is best suited for their needs. You will also have to help customers when they file a claim. Not only will you need to determine the type of insurance you want to sell, but also how to sell it. You can work as an independent agent or as an employee. If you are a broker, then you work for clients rather than the insurance company.
How to Study for the Exam
Start studying early and make up a study calendar. You will want to spend around 40 hours studying to pass the exam. You don’t want to have to cram all your studying into one week. The best way to avoid cramming is by sticking to a study plan. Focus on the state exam outline so you know what material will be covered and how topics will be weighted on the exam. The state exam outline can explain how many questions are in each section of the test. You will want to concentrate on sections with the most questions. Remove distractions while studying so you can stay focused. This may be easier said than done, especially with the busy life everyone leads. However, remove your phone, Internet, or TV to focus better and really get the most out of your study time. Use practice exams to learn how well you are absorbing the information you are studying. Some states may require an exam prep course and, even if your state doesn’t require it, you still may want to consider it. It can help you make sense of the material and can also help you with your study calendar. These courses can range from traditional classes to online classes to books for self-study.
