NOTICE – NEW LICENSING REQUIREMENTS!
Effective July 1, 2010, insurance producer pre-license education requirements will consist of 20 hours per major line of authority.
Kaplan Financial Education helps you meet the new requirement with four new 20-hour classes and two combined classes:
For more information about the new education requirements please call our office at (651) 523-1070 or 1-888-523-1070.
These courses are currently pending approval by the MN Department of Commerce. We are not allowed to offer them until they are approved. We do plan to hold classes on a weekly basis as soon as possible and will post a detailed schedule to this page immediately once approval is received.
Insurance Licensing Requirements
The two most common types of insurance licenses in Minnesota are the Life, Accident and Health and Property and Casualty licenses. The type of license you need depends on the type of insurance you wish to sell.
The Life, Accident and Health license authorizes an individual to sell life insurance and health coverage such as medical expense policies, hospitalization coverages, disability income policies and others.
The Property and Casualty license is required of individuals planning to sell personal lines such as automobile coverage, homeowners insurance and renters insurance. A Property and Casualty agent may also sell commercial coverages such as building and business personal property insurance, and workers' compensation coverage.
Many people obtain both licenses. This enables them to sell all types of insurance. Each license has its own educational requirement and its own specialized exam.
All new applicants are required to take a 30-hour course called Insurance Principles. In addition, you must complete a Basics course for each license you wish to obtain. Our 30-hour Insurance Principles course is considered a prerequisite for our Basics courses.
The grid below outlines what courses you need in addition to the Insurance Principles course.
If you already have one insurance license and are in the process of obtaining the second license, you are only required to take the appropriate Basics course.
Licensing applicants who have been previously licensed in Minnesota for the same lines of authority need not complete additional education. You are exempt from repeating licensing coursework as the licensing courses are valid indefinitely. You are only required to retake the exam and reapply for licensure.
The Insurance Licensing Process: