Insurance State Licensing Requirements

Oregon

Oregon Insurance Producer License Requirements

To obtain an insurance producer license in Oregon, you need to satisfy the following requirements:

  • Pass your Insurance prelicense training course.
  • Schedule and pass the required examinations. The examination fee is either $45 or $55, dependent on the examination scheduled.
  • Have your fingerprints digitally scanned at the testing center.
  • After you have passed examinations for all license classes you wish to be licensed for, apply online at the National Insurance Producer Registry, NIPR.com. Please supply business and residence phone numbers; these can be the same number, but both fields need to be filled. Applicants can submit an Individual Insurance License Application (Form 3000) instead of applying online; however, paper submissions take significantly longer to process than electronic submissions.
  • Submit the Criminal Records Request form (Form 4862).
  • Pay the required fees. You will be charged for the background processing fee ($47.25) and a PSI processing fee ($15.00) for a total cost of $62.25.

Complete the Education Requirements

You must complete the required coursework for the type of insurance license that you desire to obtain through a state approved school. OnlineEd is an approved school. Prior to January 1, 2008, an 8-hour code and statutes course was required. This course is no longer required. However, the state exam tests on the code and statute topics. As a result, the code and statute topics course is included in all OnlineEd insurance pre-license course packages as a separate course. The required hours of education for the various insurance licenses:

  • Oregon life Insurance: 20 hours
  • Oregon Health Insurance: 20 hours
  • Oregon Personal Lines Insurance: 20 hours
  • Oregon Property and Casualty: 40 hours

Once you complete the required course work, you will receive a course completion certificate that is valid for one year.

Exam Registration

The below information is from the Oregon.gov, Insurance division website

Examinations are administered by PSI. See PSI's web site for additional information applicable to candidates for Oregon licenses, including how to register for an examination, examination content outlines, and required fees. Exam fees are paid directly to PSI at the time of examination registration. You can register online with PSI at www.psiexams.com or you can register by phone at 1-800-733-9267. You can register 24 hours a day online or by using the PSI Automated Registration System; or PSI registrars are available Monday through Friday, between 4:30 am and 5:00 pm Pacific Time, or on Saturday between 8:00 am and 2:00 pm Pacific Time.

Individuals who wish to request special accommodations under the Americans with Disabilities Act (ADA) or for whom English is a second language (ESL) may request special exam arrangements by submitting a special accommodations form to PSI. The form is available on PSI's website in the Licensing Information Bulletin.

Reporting to the PSI Testing Center

It is recommended that a license candidate arrive 30 minutes before their scheduled appointment. This gives time for sign-in, identification and familiarizing the license candidate with the examination process. A late arrival may not be granted admittance to the test center and further, will forfeit his/her examination registration fee.

  • Upon arrival at the PSI testing center, you will need to present the testing staff with two pieces of identification. One must be a VALID form of government-issued identification (Driver's License, State ID, Passport), which bears your signature and photograph; the second ID must have your signature and preprinted legal name. All identification provided must match the name on the registration form.
  • You must provide your ORIGINAL Certificate of Completion to the PSI testing staff at the time of your examination.

NOTE: Your Certificate of Completion is valid for one year from its original date of issue. You may retake examinations on an unlimited basis during the one-year period. If you do not pass the examination within one year, you must retake the Prelicense Education Courses.

Background check information

The Insurance Division is required to perform a fitness determination on all applicants for a resident license.

  • Applicants with criminal convictions should consult the Oregon Administrative Rules for guidance on convictions. The following link will take you to the administrative rules related to background checks and the fitness determination that is done on each resident applicant.

    http://arcweb.sos.state.or.us/rules/OARS_800/OAR_836/836_072.html

  • These administrative rules describe the crimes relevant to a fitness determination, and set a time line for when these crimes can be considered when evaluating an application.
  • A criminal conviction does not automatically disqualify a person from receiving a license. The Oregon Insurance Division reviews each application individually, and makes a determination on a case-by-case basis after evaluating many factors.
  • Certain crimes involving dishonesty, or breach of trust require a waiver from the Insurance Division in order to participate in the business of insurance.

Additional requirements for specific licenses or endorsements

  • Variable Life applicants must be licensed to a securities dealer in Oregon.
  • Surplus Lines applicants must be licensed for property and casualty and take a surplus lines exam.

Oregon No Longer Provides Printed Licenses

The Oregon Insurance Division no longer issues printed initial, renewal, or replacement licenses. All license information for active licensees is available on the insurance Division web site. To view your license status or to print the official copy of your license, please use the Search Page link below:

http://www4.cbs.state.or.us/ex/ins/inslic/agent/search/index.cfm?fuseaction=show_search_name

Individual Producers Transferring from Another State

Applying within 90 days of establishing residence:

To transfer a license from another state: Please indicate the date you legally established residency in Oregon.

  1. Submit a Uniform Application for Individual Insurance Producer License.
  2. Submit fingerprint information. Fingerprints may be digitally taken at the PSI test center.
  3. Submit the Criminal Records Request form (Form 4862).
  4. Pay all required fees.

NOTE: No examination is required if the applicant is applying for the same lines he/she was licensed for in the previous home state. Applicants for variable life must be licensed to a securities dealer in Oregon.

Applying more than 90 days after establishing residence:

This applies to producers who apply for a resident license more than 90 days after they established legal residence in Oregon.

To transfer a license from another state:

  1. Submit a Uniform Application for Individual Insurance Producer License.
  2. Have fingerprints digitally taken at a PSI testing center.
  3. Submit the Criminal Records Request form (Form 4862).
  4. Pay all required fees.

NOTE: Pre-licensing training and examination is required for applicants who have less than three years of producer experience in the lines applied for.

Learn more about OnlineEd's Oregon Insurance Licensing Programs

The OnlineEd logo and "O" logo are trademarks of OnlineEd, Inc. All content owned by OnlineEd, Inc. unless otherwise noted. Other logos are trademarks of their respective organizations. OnlineEd is an accredited real estate and insurance school in the states in which it operates and meets state guidelines for pre-license and continuing education courses where offered.