Like stock and real estate brokers, you must first have a state license in order for you to sell insurance products legally. As you know, being one entails selling products that involve the security and protection of individuals, homes, businesses, companies, the compensation and benefits of your employees (if you have any) relief from unfortunate events like a fire, accidents, the death of a family member and what not.
In order for you to be a certified insurance agent, you must first be able to pass the property and casualty insurance exam. To help you with that, here is a list of tips on how you can ace the test and get licensed.
- Study these important concepts: general insurance, casualty insurance basics, insurance regulations, commercial package policies, homeowners and auto insurance and insurance for business owners.
- Know your concepts well. The property casualty exam requires you to know the basic insurance hazards, rates, terms of negligence, damages and what not. So study hard on the basic insurance policy provisions and structure.
- Study coverage. As a future insurance seller, you should know by now the types of insurances vary based on the terms and conditions that they cover. So try to read and absorb as much as you can about the various insurance packages and know the different coverage, liabilities, inclusions and exclusions for each.
Remember that selling your products successfully mean, knowing your products like the back of your hand. With these tips, you are sure to ace that property casualty test. Good luck and kudos to you in your future endeavors as an insurance seller!