Insurance License NC: Everything You Need to Know

Getting an insurance license in North Carolina is a significant step in the career of an insurance agent. It provides the agent with the legal authority to sell insurance policies in the state.

However, the process of obtaining an insurance license in NC can be complex and time-consuming. This article aims to guide you through the process and answer all your frequently asked questions regarding insurance licenses in NC.

Types of Insurance Licenses in NC

In North Carolina, there are three types of insurance licenses:

License Type
Description
Life Insurance
Allows the agent to sell life insurance policies and annuities.
Health Insurance
Allows the agent to sell health insurance policies, including disability and long-term care insurance.
Property and Casualty Insurance
Allows the agent to sell property and casualty insurance policies, including auto, home, and liability insurance.

An agent can choose to obtain one or more licenses depending on the type of insurance they intend to sell.

Requirements for Obtaining an Insurance License in NC

To obtain an insurance license in North Carolina, an agent must meet the following requirements:

Pre-License Education

The agent must complete a pre-license education course approved by the North Carolina Department of Insurance (NCDOI) for the type of license they intend to obtain. The course includes a minimum of 20 hours of instruction for life and health insurance licenses and a minimum of 40 hours for property and casualty insurance.

Exam

The agent must pass a state exam administered by the NCDOI. The exam consists of two parts: a general section and a state-specific section. The general section covers insurance concepts, while the state-specific section covers North Carolina insurance laws and regulations.

Criminal Background Check

The agent must undergo a criminal background check conducted by the NCDOI.

Licensing Fees

The agent must pay licensing fees to the NCDOI. The fees vary depending on the type of license.

Steps to Obtain an Insurance License in NC

The following are the steps to obtain an insurance license in North Carolina:

Step 1: Pre-License Education

The agent must complete a pre-license education course for the type of license they intend to obtain. The course can be a classroom course or an online course.

Step 2: Exam

After completing the pre-license education course, the agent must pass a state exam administered by the NCDOI.

Step 3: Criminal Background Check

The agent must undergo a criminal background check conducted by the NCDOI.

Step 4: Submit Application

The agent must submit an application for the license to the NCDOI. The application can be submitted online or by mail.

Step 5: Licensing Fees

The agent must pay the licensing fees to the NCDOI.

FAQs

1. How long is the pre-license education course?

The pre-license education course includes a minimum of 20 hours for life and health insurance licenses and a minimum of 40 hours for property and casualty insurance.

2. Is the pre-license education course mandatory?

Yes, the pre-license education course is mandatory for all agents intending to obtain an insurance license in NC.

3. How long is the state exam?

The state exam consists of two parts: a general section and a state-specific section. The length of each part varies, but the entire exam takes about 2-3 hours.

4. What is the passing score for the state exam?

The passing score for the state exam is 70% for both the general section and the state-specific section.

5. What is the cost of obtaining an insurance license in NC?

The cost of obtaining an insurance license in NC varies depending on the type of license. Currently, the licensing fees are:

License Type
Licensing Fees
Life Insurance
$50
Health Insurance
$50
Property and Casualty Insurance
$56

Conclusion

Obtaining an insurance license in North Carolina is an essential step for anyone intending to sell insurance policies in the state. The process requires completing a pre-license education course, passing a state exam, undergoing a criminal background check, and paying licensing fees. With the information provided in this article, you can now navigate the process with ease.