Jeffrey Wade
If you want to sell or discuss insurance products in Arizona, you must be licensed by the state. The process for obtaining an insurance license in Arizona involves several steps, including meeting eligibility requirements, completing an exam, and submitting an application. While pre-licensing education is not mandatory, taking an exam prep course can significantly improve your chances of passing the licensing exam. Once you've passed the exam, you'll need to get fingerprinted and submit your license application through the National Insurance Producer Registry (NIPR). The Arizona Department of Insurance has up to 180 days to review your application and determine whether to grant or deny your license request.
| Characteristics | Values |
|---|---|
| Requirements | You must be at least 18 years old and pass an Arizona insurance examination for the license authority you want to have. |
| Denial of license | The Department can deny a license for any cause listed in Arizona Revised Statutes ("ARS") § 20-295. |
| Application process | You must truthfully and completely answer questions asked on the application, and you may need to provide additional documentation. You can apply online through the National Insurance Producer Registry (NIPR) or submit a paper application. |
| Timeframe | The Arizona Department of Insurance has up to 120 days to determine if the application is complete and up to 60 additional days to review it. |
| Exam | You must pass a licensing exam administered by Prometric. |
| Fees | Fees are nonrefundable. |
| Fingerprinting | You must get fingerprinted after passing the exam. |
| Renewal | Licenses must be renewed every 4 years. |
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What You'll Learn
Eligibility requirements
To obtain an insurance license in Arizona, you must meet certain eligibility requirements. These requirements apply to both Arizona residents and non-residents, with some exceptions. Here are the key eligibility criteria:
Firstly, it is important to note that not everyone qualifies for an insurance license in Arizona. The Arizona Department of Insurance can deny a license for any cause listed in the Arizona Revised Statutes ("ARS") § 20-295. Therefore, it is crucial to review this statute before initiating the licensing process. The application process requires truthful and complete answers, and additional documentation may be requested.
Secondly, applicants must meet the minimum age requirement of 18 years or older. This requirement is consistent for both residents and non-residents of Arizona.
Thirdly, individuals applying for an insurance license in Arizona typically need to pass the state's insurance examination. This requirement applies if your primary residence or principal place of business is in Arizona, or if you are relocating from a state where you did not hold the license you are seeking in Arizona. However, there are exceptions to this rule. For instance, if you are applying only for a limited-line credit insurance producer authority, you are exempt from taking the Arizona insurance exam. Similarly, if you are adding variable life and variable annuity insurance producer authority to an existing license that includes life insurance producer authority, you are also exempt.
Fourthly, applicants must adhere to specific address requirements. A P.O. Box or PMB (Private Mailbox) cannot be used for either the residence or business address.
Fifthly, applicants must possess valid electronic fingerprints submitted through the state-approved vendor, Fieldprint.
Lastly, while prelicensing education is not mandatory in Arizona, it is highly recommended. Enrolling in a prelicensing course offered by providers such as Kaplan Financial Education, America's Professor, or AD Banker can significantly enhance your chances of passing the licensing exam. These courses cover complex insurance concepts and terms, providing you with the knowledge needed to succeed on your first attempt.
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Exam preparation
Kaplan's online courses are a popular choice, with over 81% of students utilising their resources and achieving a 93% pass rate. Their courses offer a variety of tools, including digestible readings, lectures, videos, and real-life scenario applications. America's Professor also offers comprehensive exam prep courses that guide you through complex insurance terminology and concepts, ensuring you have all the necessary information to excel in your exam.
In addition to pre-licensing courses, you should familiarise yourself with the exam format and question types. The Arizona Insurance Licence Exam consists solely of multiple-choice questions, including bullet-point queries, and covers both general and state-specific topics. The questions are randomly selected from a large pool, ensuring that each exam is unique. These questions often emphasise terminology and numbers, such as dollar amounts and day counts. Situational questions also constitute a significant portion of the exam, requiring you to apply your knowledge to practical scenarios.
To enhance your preparation, consider utilising exam preparation courses specifically tailored for the Arizona Insurance Licence Exam. These courses provide test-taking tips and strategies to boost your confidence and performance on exam day. Additionally, pay close attention to the technical requirements, as the exam can be taken online or in person at various locations throughout Arizona. Remember to register with Prometric, the exam provider, and provide accurate demographic information, including your correct date of birth and Social Security number.
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Application process
Before applying for an insurance licence in Arizona, it is important to review the Arizona Revised Statutes ("ARS") § 20-295 to ensure you qualify for a licence. The Department can deny a licence for any cause listed in the ARS, and fees are nonrefundable.
Once you have reviewed the ARS, you can begin preparing for the Arizona insurance examination. Pre-licensing courses are available through reputable providers, such as America's Professor, AD Banker, and Kaplan Financial Education. These courses will teach you the complex insurance concepts and terms you need to know to pass the exam. The exam will cover both a general section with basic insurance product knowledge and a state section with specific insurance laws, rules, regulations, and practices unique to Arizona.
After completing your pre-licensing course, you are ready to take the state licensing exam. Exams are administered by Prometric, and you can register and find exam information on their website. All licensing exams are taken on a computer and are multiple-choice. You will see your exam score on the computer screen immediately after completing the exam, and the test centre staff will give you a printed score report.
Once you have passed your exam, you will need to get fingerprinted through the state-approved vendor, Fieldprint. Then, you can submit your licence application. Applications can be submitted online through the National Insurance Producer Registry (NIPR) or by submitting a paper application.
After submitting your application, the Arizona Department of Insurance has up to 120 days to determine if the application is complete and up to an additional 60 days to review the substance of the application. Most applications are processed within 30 days. Once your application is approved, you will receive a link to print or download your licence.
Please note that you must not conduct insurance business until you have received your licence.
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Post-application steps
Once you have submitted your application, the Arizona Department of Insurance has up to 120 days to determine whether it contains all the required information and is "administratively complete". They then have up to an additional 60 days to review the substance of the application. However, the Department usually processes most applications within 30 days.
You can check the status of your submitted license application at any time with the Arizona Department of Insurance. Once your application is approved, you will receive a link to print or download your license.
If you intend to do business under a name other than your legal name, you must complete and submit Form L-193 (Certificate of Assumed Business Name). You should also register a "trade name" with the Arizona Secretary of State to prevent anyone else from taking the name.
If you are applying to be a Bail Bond Agent, you must send in forms L-195 and L-BBAA to the Insurance Licensing Section at 100 North 15th Avenue, Suite 102 Phoenix, AZ 85007-2624, or email [email protected].
For a risk management consultant license (individuals only), you must submit the original of a letter from the county/city/town manager or equivalent official, confirming your designation as a risk management consultant. This letter should be prepared on the letterhead of the political subdivision.
Your license will need to be renewed every four years. To renew your license, you must complete continuing education (CE) requirements. For insurance agents and adjusters, this is generally 48 hours every four years, including six hours of ethics training. Once you have satisfied the CE requirements, you will need to file a renewal application.
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Renewal process
To renew an insurance license in Arizona, you must first check your license expiration date. Insurance licenses in Arizona expire every four years on the last day of the birth month of the licensee. Renewal can be started up to 90 days before the expiration date. If the renewal application and fees are not received before the expiration date, the license will expire, and the licensee will be required to pay a late renewal fee of $100.
The renewal fee for Arizona is $120, regardless of the number of major-line licenses being renewed. Non-resident (no home state) license renewals are subject to a $5.60 transaction fee, and state license fees may apply.
To renew your license, you will need to provide the following:
- License Number and State or National Producer Number
- Last four digits of the Social Security Number or full FEIN
You can renew your license through the National Insurance Producer Registry (NIPR) website or Sircon.com portal. You can also update your license information and renew your license by downloading, completing, signing, and mailing/delivering Form L-192 with your fee payment. You can pay by check or money order, made payable to "Insurance Licensing Section". If you submit your application online, you can pay with a credit card.
If you hold "variable life and variable annuity insurance producer" authority on your Arizona insurance license, provide with your application a printout of your registration with the Financial Industry Regulatory Authority (FINRA).
If your license has specialty training requirements, you will still be required to meet those specific education requirements. If you believe you qualify for an exemption, contact the Arizona Department of Insurance.
Prior to renewing your license, you must complete your Arizona insurance license continuing education requirements. Insurance Producers are required to complete 48 total credits every 4 years. These credits can be earned through webinars, online courses, or any combination thereof. At least 6 hours must be in topics approved as Ethics.
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Frequently asked questions
You must be 18 or older and pass an Arizona insurance examination for the license authority you want to have. However, you do not need to pass an Arizona insurance exam if you are only applying for a limited-line credit insurance producer authority.
You can apply for an insurance license in Arizona by submitting a license application through the National Insurance Producer Registry (NIPR) or by submitting a paper application.
License applications can take up to one month to process. However, the Arizona Department of Insurance has up to 120 days to determine whether the application is complete and up to an additional 60 days to review it.
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