Strategies To Ace Ohio Life And Health Insurance Exam

Passing the Ohio life and health insurance exam is a crucial step towards becoming a licensed insurance agent in the state. The exam is administered by PSI, and candidates can register and book their examinations through the PSI website. The test can be taken online or in person, and it consists of multiple-choice questions covering both general and state-specific topics. To pass the exam, candidates need a score of 70% or higher.

To prepare for the Ohio life and health insurance exam, individuals must complete a pre-licensing course, which is a requirement in the state. This course provides essential knowledge and tools to help candidates succeed in the exam. The course covers various topics, including insurance regulations, general insurance concepts, life insurance basics, policies, provisions, federal tax considerations, accident and health insurance basics, and more.

In addition to the pre-licensing course, there are other study options available, such as online exam simulations, live online training, printable study guides, and end-of-chapter reviews. It is recommended to allocate sufficient time for preparation, typically around one to two weeks, to thoroughly cover the material.

Pre-licensing course

To pass the Ohio Life and Health Insurance Exam, you must first complete a pre-licensing course. This is a legal requirement in the state of Ohio.

Ohio requires 20 hours of pre-licensing education for each line of authority. For example, if you want to pursue the combined life, accident and health line, you will need 40 hours of state-approved pre-licensing coursework.

To earn your certificate of completion, you must:

• Read every chapter and take the end-of-chapter quiz, scoring 70% or better before progressing to the next chapter.
• Spend at least 20 hours studying for each line of authority.
• Complete and pass the Certificate Exam with a minimum score of 70% and then sign and date the Affidavit/Attestation form(s).

Your exam will be based on the Ohio exam outline, which can be found in PSI's Candidate Bulletin.

You can take your pre-licensing course with ExamFX or Kaplan Financial Education.

ExamFX

ExamFX offers a pre-licensing course that covers the following:

• How to complete the course
• How to get your license
• What to expect on the exam
• Exam summaries

Kaplan Financial Education

Kaplan Financial Education offers pre-licensing and exam prep study options. They have a range of study packages that cater to different learning styles. These include:

• Career Launcher Package
• EssentialPlus Live & OnDemand Package
• Essential Package
• Basic Package

Exam registration

The Ohio Department of Insurance (ODI) requires you to complete a five-step process to become a life insurance agent in Ohio. The first step is to complete an Ohio Insurance Pre-license Course. You can use ExamFX or Kaplan Financial Education for your pre-licensing course. After completing the course, you’ll need to present a valid photo ID and an original certificate of completion from the approved pre-license education provider when you register for your exam.

The second step is to get a fingerprint-based background check from the Ohio Attorney General Webcheck Portal. The fee for fingerprinting services is $72.25.

The third step is to register for your exam. Ohio uses PSI as its official testing service for delivering licensure exams. The exam fee is $42, which you must pay at the time of reservation by credit card, debit card, or voucher. The fastest way to schedule your exam is to do so online at www.psiexams.com or call (855) 807-3995. Your exam may be taken at a physical PSI examination center or via a remote online proctored exam.

To change or cancel your testing appointment, you must contact PSI Exams at least 48 hours in advance or forfeit the examination fee.

Exam Day

On the day of your appointment, you must bring two valid forms of government-issued identification (driver’s license, passport, military I.D., etc.), one of which must contain your name and photograph. You must also provide your prelicensing certificate of completion. The certificate is valid for 180 days. You will not be able to take your exam if these requirements are not met.

Exam format

The Ohio Life and Health Insurance Examination is a proctored, multiple-choice exam, consisting of 150 questions, to be completed in 2 hours and 30 minutes. The exam is divided into two sections: general and state-specific knowledge. The general section deals with basic life insurance product knowledge, while the state-specific section covers insurance concepts and terms, rules, regulations, and practices specific to Ohio.

The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the Ohio insurance regulations and laws that you need to know to operate as an insurance agent.

The exam is administered by PSI, and you can register and book your examination through their website. The exam can be taken online or in person. The exam fee is $42, which must be paid at the time of reservation by credit card, debit card, or voucher.

You will need to bring two forms of government-issued identification, one of which must be a photo ID. The certificate of completion from your pre-licensing course is also required.

The passing score for the exam is 70%. You will receive a "pass" or "fail" score immediately after completing the exam, and a score report will be emailed to you. If you fail the exam, the score report will include a diagnostic report showing how many questions you answered correctly, to help you identify your weak points.

Post-exam steps

Congratulations on passing your Ohio Life and Health Insurance Exam! Here are the steps you need to take to obtain your license and start your career as an insurance agent:

Step 1: Complete a fingerprint and background check

After passing your exam, you will need to complete a fingerprint and background check. You can schedule an appointment for fingerprinting through the Ohio Attorney General Webcheck Portal. The fee for this service is $72.25. Don't forget to keep the receipt for your records!

Step 2: File your licensing application

The next step is to apply for your insurance license. In Ohio, you can do this through the National Insurance Producer Registry (NIPR) website. There is an application fee of $15, as well as a transaction fee of $5.60. Make sure to submit your application within one year of passing your exam, as your pre-licensing course certificate is only valid for 12 months.

Step 3: Wait for your application to be reviewed

Once you have submitted your application, the Ohio Department of Insurance (ODI) will review it, along with your background check. This process typically takes around seven to ten business days. They will then email you with their decision or request additional information.

Step 4: Print your license

Once your application has been approved, you can print your license from the ODI website. There is no charge for printing your license. If you don't remember your license number, you can find it using the Ohio Department of Insurance Agent Locator tool.

Step 5: Maintain your license

To maintain your license in Ohio, you will need to complete continuing education credits. In Ohio, insurance producers must complete 24 hours of continuing education every two years, including three hours of ethics and/or consumer protection. It is recommended that you aim to complete your continuing education at least 90 days before your license expires to avoid any delays in the renewal process.

Maintaining your license

Continuing Education Requirements:

To maintain your insurance license in Ohio, you must complete a certain number of credit hours of continuing education during each licensing period. This is a requirement for most insurance licenses. ExamFX, for example, offers CE courses to help you meet the state's requirements.

Renewal Period:

In Ohio, you must renew your insurance license every two years to continue operating as a legitimate insurance agent.

Continuing Education Credits:

To renew your license, you will need to complete a specific number of continuing education credits. In Ohio, insurance producers must complete 24 hours of continuing education every two years, with at least three of those hours focusing on ethics and/or consumer protection.

Timing:

It is recommended that you aim to complete your continuing education credits at least 90 days before your license expires. This will allow your provider to report your completed credits to the Ohio Department of Insurance (ODI) on time.

Late Fee:

While there is no renewal fee for your license, a late fee of $50 will be imposed if you do not complete the renewal process on time.

License Cancellation:

If you decide to cancel your license, you can do so by submitting a completed Individual Agent License Surrender Form to the ODI.

Frequently asked questions