Q: What type of insurance license is needed to offer Medicare plans in Oregon?
Health Insurance Producer license
Q: What are the Licensing Steps in Oregon?
Step 1: Complete a prelicensing course that has been approved by the Department of Insurance. We recommend using ExamFX. Once you have completed your course, ExamFX will issue a certificate of completion which you may download and print from your online ExamFX account.
Step 2: Schedule your exam with your state’s testing provider, PSI Exams. The fastest way to schedule your exam is to do so online. You can also schedule your exam over the phone at (800) 733-9267. Your exam may be taken at a physical PSI examination center or via a remote online proctored exam.
Exam Fee is $45.
To change or cancel your testing appointment, you must contact PSI at least 48 hours in advance or forfeit the examination fee. Note: A voice mail message is not an acceptable form of cancellation. Please use the PSI Website or call PSI and speak directly to a Customer Service Representative.
Be aware that the state of Oregon requires fingerprinting and background checks with your insurance agent licensing application. Upon passing the examination you must be electronically fingerprinted. Fingerprinting must take place on the same day that you pass your examination at the PSI testing center. You will pay the fingerprinting fee the day of testing
Oregon Producer Finger prints can only be done at an Oregon PSI test site. Finger prints done in the past or for an employer cannot be shared or used for an insurance license. If you have any questions about the finger printing process, please contact Producer Licensing at Division of Financial Regulation, phone 503-947-7981, or email web.insagent@oregon.gov.
Fingerprinting Fee is $56.25.
Step 3: Take and pass your state licensing exam. On the day of your appointment you must bring with you two valid forms of identification (driver’s license, passport, military I.D., etc.) one of which must be government-issued and must contain your name and photograph. You must also bring the Certificate of Completion earned by completing your ExamFX prelicensing course. If you cannot provide the required identification, call (800) 733-9267 at least 21 days prior to your scheduled appointment. You will not be able to take your exam if these requirements are not met.
Security measures are taken for all testing methods. Restrictions on what you may bring with you to the testing center, into the testing room, and what you may wear will be enforced. For more detailed information about the security measures that will be taken during your testing appointment, please read and review the candidate bulletin offered at PSI Exams
Once you have passed your examination you will receive an official score report. If you fail your exam, you will receive a failing score report with a diagnostic report indicating your strengths and weaknesses by examination type.
Step 4: Apply for your license. Oregon resident applicants must use the online application service at NIPR. Additional licensing guidance can be found at Oregon Division of Financial Regulation
Resident License Fee is $75.
Step 5: Maintain your license by being aware of your continuing education requirements. Most insurance licenses must be maintained by completing a certain number of credit hours of continuing education each licensing period. ExamFX offers continuing education courses that will help you comply with your state’s requirements. Click here to view your state’s education rules and stay on top of your license.
Q: How do I study for my health insurance license exam in Oregon?
Study Materials
Pre-licensing education training must be completed before taking the required examination. Resident producer license candidates must obtain 20 hours of training specific to the class for which they wish to be licensed.
Pre-licensing Education Providers
A list of approved pre-licensing training schools is available on the Division’s Web site at www.dfr.oregon.gov. Certificate of Completion. Once you complete a pre-licensing course, the course provider will issue you a Certificate of Completion. The certificate is valid for one year. You must bring the certificate with you to the test center on the day of the examination.
We recommend using ExamFX for pre-licensing study.
Q: How do I schedule to take my health insurance exam in Oregon?
Schedule your exam with your state’s testing provider, PSI Exams. The fastest way to schedule your exam is to do so online. You can also schedule your exam over the phone at (800) 733-9267. Your exam may be taken at a physical PSI examination center or via a remote online proctored exam.
To change of cancel your testing appointment, you must contact PSI at least 48 hours in advance or forfeit the examination fee. Note: A voice mail message is not an acceptable form of cancellation. Please use the PSI Website or call PSI and speak directly to a Customer Service Representative.
Q: Are there different parts to the health insurance exam?
- Insurance Regulation
- General Insurance
- Health Insurance
- Individual Health Insurance Policy General Provisions
- Disability Income and Related Insurance
- Medical Plans
- Group Health Insurance
- Dental Insurance
- Insurance for Senior Citizens and Special Needs Individuals
- Federal Tax Considerations for Health Insurance
Q: How do I apply for a nonresident health insurance license in Oregon?
Non-residents can be licensed to transact insurance in Oregon as producers, adjusters and consultants. Licenses are issued to individuals, firms or corporations. If you are already a licensed agent or broker in your home state, you are exempt from the pre-licensing education and examination requirements. You may only conduct your insurance business as an appointed representative of an insurer in Oregon even though licensed as a broker in your home state. Brokering is not permitted in Oregon. Producers should submit the application for the individual or business entity license through https://nipr.com/.
Non-resident License Fee is $75.
Q: How do I renew my health insurance license in Oregon?
A license issued to an individual insurance agent expires biennially in the month of the individual’s birthday anniversary. Renewals (except adjusters without a home state) must be done electronically and can be done through NIPR.com. Renewal notices are emailed to the individual or business email address on file. All renewal notices are emailed approximately 90 days before the license expiration date. If you have not received your renewal notice 30 days before your expiration date, call or email us to verify that your information is on file. Your renewal notice is not required to renew the license.
**Beginning January 1, 2020, we will not renew a non-resident adjuster license for an individual from a non-reciprocal state (California, Hawaii, and New York) until we confirm that the applicant has passed the Oregon exam.
License Renewal Fee is $45 for Residents and for Non-Residents.
Q: What do I do if my health insurance license has expired in Oregon?
An individual insurance producer who allows the insurance producer license to lapse may apply to the director to reinstate the same license within 12 months from the due date for renewal without having to take and pass a written examination. The amount for the reinstatement that is equal to double the unpaid renewal fee for any renewal fee paid after the due date and must complete any continuing education requirements not satisfied to date, including the period for which the license was lapsed. A license reinstated under this subsection is effective upon the date that the director grants the reinstatement.
Resident and Non-Resident Late Renewal Fee: $90
Q: What do I do for Continuing Education to keep my health insurance license in Oregon?
CE Guidelines
Resident individuals are required to complete a total of 24 hours of continuing education. A minimum of 3 hours Oregon law and a minimum of 3 hours ethics are required; the balance of the 24 hours can be whatever meets your professional needs. A maximum of 8 hours credit per day is allowed . By law, CE providers have 15 days to upload your credits. Do not wait until the last minute to start your CE.