Obtaining an insurance producer license requires sufficient training and preparation. Find out what it takes to get one
An insurance producer is a collective term given to industry professionals involved in selling policies. Before they can do so, however, the law requires them to secure the proper licenses.
If you feel like a career in insurance sales is a great fit but don’t know where to start, you’ve come to the right place. Here, Insurance Business will give you a walkthrough on how to get your insurance producer license.
We’ll go over the different types of licenses you may need and how long licensing takes. Read on and find out everything you need to know about obtaining your insurance producer license.
What does an insurance producer do?
The National Association of Insurance Commissioners (NAIC) defines an insurance producer as an industry professional who “sells, solicits, or negotiates insurance in the United States.” The term includes insurance agents and insurance brokers.
The association notes that all insurance sales professionals in the country must be licensed as a producer. They must also comply with the various state laws and regulations governing their activities.
According to NAIC’s latest data, there are more than two million ind