Get A Life Insurance License: Nevada Requirements

If you're looking to become a life insurance agent in Nevada, you'll need to obtain a Nevada life insurance license. The process to get licensed involves five main steps, from taking the life insurance exam to applying for a license. The steps are relatively straightforward and will take a few weeks to complete. The first step is to complete a Nevada Insurance Pre-license Course (Kaplan Education Company – $149+), which will give you the necessary knowledge to pass the licensing exam. The second step is to take the Nevada Life Insurance Licensing Exam ($39), which is administered by Pearson VUE and covers general and state-specific knowledge. The third step is to get a fingerprint-based background check ($60) from IdentoGO. The fourth step is to complete and submit the Nevada Life Insurance License Application ($185 application fee) through Sircon. Finally, the fifth step is to wait for your application results, which usually takes one to five business days.

Complete a pre-licensing course

While pre-licensing education is not a compulsory requirement in Nevada, it is highly recommended that you complete a pre-licensing course to prepare for your licensing exam. Pre-licensing education courses are self-paced and include study materials like practice exams and flashcards. They will give you a solid understanding of your duties as a life insurance agent and provide very specific industry knowledge that will be tested during the exam.

There are a variety of pre-licensing education courses available, which can be taken online, in-person, or as self-study materials. These courses are offered by different providers, including Kaplan Education Company, ExamFX, and ABTrainingCenter. When choosing a course, consider factors such as flexibility, price, and the provider's reputation.

Kaplan's pre-licensing courses are a popular choice, with over 81% of readers from StateRequirement opting for their online courses, which have a 93% pass rate. Their courses cover downloadable/printable textbooks, OnDemand Online Video Review, state law supplements, and practice exam questions.

ExamFX also offers a money-back guarantee if you don't pass your licensing exam on the first try after using their materials. Their course includes reading chapters, taking end-of-chapter quizzes, and completing a Certificate Exam. They also offer a Readiness Exam, which they recommend taking to determine maximum exam readiness.

Before enrolling in a course, ensure that the course and instructor are approved by the Division of Insurance. The Division has contracted with Pearson VUE to conduct course and instructor approvals.

Take the Nevada Life Insurance Licensing Exam

The Nevada Life Insurance Licensing Exam is administered by Pearson VUE and costs $39. The exam contains 80 scored questions, covering general and Nevada-specific topics, and you will have 120 minutes to complete it. All questions are multiple-choice and cover tricky insurance concepts and terminology that are not common knowledge, so be sure to study beforehand.

You can schedule your exam date and time by creating an account on the Pearson VUE website. There are test centres in Las Vegas, Reno, and Elko.

If you fail the exam, you can retake it as soon as 24 hours later, and there is no limit to the number of attempts you can make. Your exam will be scored immediately, and you will receive a score report indicating whether you passed or failed. If you fail, your score report will include your numeric score, and information on which areas you did well in and which areas you need to keep studying.

Get a fingerprint-based background check

To get a life insurance license in Nevada, you must complete a fingerprint-based background check. This is a mandatory part of the background check process and is required for all insurance agents in the state.

To set up a fingerprinting appointment, you can go to the IdentoGO website or call 866-761-8069. The fee for fingerprinting services is $60, which covers the cost of comparing your prints against criminal history records.

At your appointment, you will need to present a valid government-issued photo ID. Passports and international IDs are also acceptable, provided they are valid and contain identifiable information. You will receive a receipt at your appointment, which you should keep and attach a copy of to your license application, along with the Fingerprint Background Waiver.

After completing your fingerprint-based background check, you must submit your license application within one year of passing the licensing exam. If you fail to do so, you will need to retake the exam.

Submit an application

Once you have passed the life insurance exam and completed the background check, you can apply for your Nevada life insurance license. The application fee is $185, and you must apply online via Sircon.

Resident individuals applying for a producer license should apply electronically through Sircon. The State licensing fee is $185. The vendor may charge transaction fees in addition to the state fee.

Together with your application, you will need to attach the following documents:

• A signed Fingerprint Background Waiver form
• The receipt of your fingerprints
• Any additional supporting documentation requested (if applicable)

All communication regarding your license has to be conducted electronically. Once your application is approved, the Division will issue your license, certifying your eligibility to operate within the lines of authority for which you have applied.

Keep in mind that if your application is found to be incomplete or is denied, you will be notified in writing with detailed reasons as to why this decision was made.

The Nevada Division of Insurance will issue a life insurance license to individuals who are at least 18 years old and have passed the proper licensing exam. You should submit your completed license application within 12 months of passing the exam.

To apply for a life insurance license in Nevada, make sure you comply with the insurance licensing requirements as defined under the Nevada Insurance Code.

Plan to complete required insurance continuing education (CE) credits

To maintain your life insurance license in Nevada, you must complete 30 hours of continuing education (CE) every three years. Three of these hours must cover ethics training, while the remaining hours must focus on the specific lines of authority relevant to your license. For example, if you have a life and health insurance license, your CE coursework should cover topics related to this field.

You can complete your CE requirements through in-classroom, online, or self-study courses. Online courses offer the advantage of flexibility, allowing you to fit your studies around your schedule. Several online education providers, such as Kaplan Financial Education, eInsuranceTraining, and ExamFX, offer CE courses that fulfil Nevada's requirements. These platforms often provide a range of course options, allowing you to choose the ones that best suit your needs and preferences.

It's important to plan ahead and complete your CE requirements in a timely manner. In Nevada, insurance licenses must be renewed every three years, based on the original licensing date. The deadline for renewal is the first day of the month following the license issuance date. For instance, if your license was issued in January, it will need to be renewed by February 1 three years later. To avoid delays, it's recommended to finish your CE hours at least 90 days or 30 days before your license expires. This will ensure that your CE provider has enough time to report your successful completion to the Nevada Division of Insurance.

Additionally, keep in mind that there are costs associated with maintaining your license. The renewal fee is $185, and if you miss the deadline, a late fee of $247.50 applies. There is also a $1.00 per credit hour reporting fee for CE courses, which is typically paid to the education provider and then forwarded to the state.

Frequently asked questions