Free Wisconsin Insurance FAQs | Free Wisconsin Insurance Legal Documents

Do I Need To Notify The Oci Of A Change Of Address?

Tue, 29 May 2007 21:19:00 GMT

Wisconsin law requires every resident or nonresident agent to provide their current residence address. Agent records retained by OCI do not include a business address or telephone number. Each licensed agent shall, within 30 days, notify OCI in writing of any change of residence address. A specific form is not required for this notification.

How Do I Obtain The Licensing Application Forms?

Tue, 29 May 2007 21:19:00 GMT

The quickest way to obtain application forms is on the Office of the Commissioner of Insurance web site. Click on the following link: License ApplicationsOCI Forms Page to retrieve the forms. National Nonresident Application Information is also available online. For additional forms, contact the OCI using the contacting information above.

How Do I Register For And Schedule An Insurance Licensing Examination?

Tue, 29 May 2007 21:19:00 GMT

Assessment Systems, Inc. (ASI) administers insurance licensing examinations in Wisconsin. Candidates may make a reservation by:

calling ASI Customer Care at (800) 2748979
faxing the Fax Reservation Form (found in the Candidate Handbook) to ASI at (888) 2046291
visiting the ASI Web site http://www.asisvcs.com

Candidates should register at least three business days before the desired test date. Exam locations in the area include Milwaukee, Madison, Green Bay, Menomonie, and Wausau. The examination fee is $50 or $85 for two examinations in a single session.

The Candidate Handbook is available to assist and guide applicants through the examination and licensing process. It is suggested, that applicants familiarize themselves with this information before registering for the examination(s). The Intermediary's Guide to Wisconsin Insurance Law has been developed by OCI as a study guide for the law portion of the exam.

New residents applying for an original resident license who held a license within the previous 6 months as a resident insurance agent in another state for the same line(s) of authority will only need to take Part 2 of the examination which covers state law, rules and regulations. To qualify for this exemption, the following must be submitted at ASI on examination day:

A cover letter requesting Part 2 testing only;
An original Wisconsin Prelicensing Education Exemption form not more than one year old;
An original resident state letter of clearance dated not more than 60 days prior to the date of application, identifying you held a resident insurance license in your previous resident state within the last six months for the same line(s) of authority; and
A completed original Wisconsin Department of Justice Identification Record Request (DJLE250) not more than one hundred and eighty (180) days old.

Please Explain The Crime Check Process.

Mon, 04 Jun 2007 21:51:22 GMT

Another part of the application process includes the submission of a Crime Information Bureau report from the Wisconsin Department of Justice. The Office of the Commissioner of Insurance requires a crime check on each examination candidate. Please note that crime checks cannot be more than one hundred and eighty (180) days old at the time of examination. This report is required at the test site and is valid for 180 days, Complete and return the Crime Waiver Short Form Application for Written Consent to Engage in the Business of Insurance form with the appropriate fee ($13.00) to the Department of Justice as soon as possible to avoid any possible delay in testing. Candidates should not make an examination reservation until they have received a crime check back from the Department of Justice, as they will not be admitted to the examination without the completed form.

What Are The Procedures For Obtaining A Resident Insurance Agent License?

Tue, 29 May 2007 21:19:00 GMT

Candidates should:

Complete required prelicensing education.
Apply to the Department of Justice Crime Information Bureau for a crime check. Candidates may use form DJLE250, found in the Candidate Handbook. Crime checks cannot be more than 180 days old at the time of the examination.
Assemble documentation needed for any "yes" answers to the application questions.
Make an examination reservation with the exam administrator, Assessment Systems, Inc.
Obtain passing score on the appropriate examination. The Office of the Commissioner of Insurance (OCI) will issue the license once they have been informed by Assessment Systems, Inc. that the candidate has passed the examination and are satisfied that the candidate has met all licensing requirements.

Have the insurance company appoint them with OCI by submitting form OCI 11001 to OCI. Candidates are not eligible to solicit insurance business until they are properly listed by each insurer. This form is available from OCI to companies only.

Information on Insurance Licensing for Corporations, Partnerships, and Firms is available online on the OCI Web site. The following licensing information is also available:

Reinsurance Intermediary Fact Sheet
Managing General Agent Fact Sheet
Information Sheet on Surplus Lines Insurers and Agents

What Is The Continuing Education Requirement?

Tue, 29 May 2007 21:19:00 GMT

All resident insurance agents who hold a license in any of the major lines of insurance (property, casualty, life, and accident and health) as well as those licensed in the limited line of automobile are required to complete continuing education courses. Licensed insurance agents who are required to meet continuing education requirements must earn 24 credit hours every 2 years. One "continuing education credit hour" is equivalent to 50 minutes of classroom instruction.

Wisconsin resident agents who hold an exclusive limited line insurance license for credit life/credit accident and health, managing general agent, and title insurance are not required to take the continuing education courses. In addition, any resident agent who has completed the prelicensing education requirement for original licensure during the reporting period is exempt from the requirements. This exemption does not apply if an agent is adding one or more lines to an existing license.

Assessment Services, Inc., (ASI) was designated to administer the entire continuing education program. Agents may contact ASI at (800) 2744679 with general questions or log on to www.asisvcs.com. Provider and Course Listings are available from ASI.

What Is The Pre-Licensing Education Requirement?

Tue, 29 May 2007 21:19:00 GMT

Prelicensing education is required for all candidates applying for a license in the major lines of Life, Accident & Health, and Property and Casualty. Education must be completed at Approved Prelicensing Education Schools.

The course content provided by approved schools will include eight hours of study of the Principles of Insurance, General Wisconsin Insurance Laws, and Ethics. Once this eight hours is completed, it need not be repeated for each line. Twelve hours regarding Policies, Terms and Concepts, and linespecific insurance law must be completed for each major line. Therefore, a candidate applying for all four major lines would be required to complete a total of 56 hours of education prior to testing.

Upon successful completion of the education requirement, you will receive a Certificate of Prelicensing Education. This original document will be required at the test site as part of the application process.

Exemptions to the education requirement include those candidates applying for the limited lines of Auto, Title, Credit Life/Credit Accident and Health, and Managing General Agents. Candidates who have completed a twoyear Wisconsin vocational school degree in insurance, a fouryear college degree in business with an insurance emphasis are also exempt. Effective January 1, 1999, new residents applying for an original resident license who held a license within the previous 6 months as a resident insurance agent in another state for the same line(s) of authority will also be exempt. These candidates must submit the appropriate exemption certificate, official school transcript, or original Letter of Clearance (not more than 60 days old) at the examination site.

Where Can I Obtain Insurance Licensing Information?

Tue, 29 May 2007 21:19:00 GMT

You may obtain licensing information from the State of Wisconsin Office of the Commissioner of Insurance (OCI).

Address:

Mailing Address:

Telephone: (608) 2663585, Madison; (800) 2368517, statewide; (800) 9473529 (TDD) (ask for 6082663586)

Fax: (608) 2669935

Email: agentlicensing@oci.state.wi.us

Web site: http://badger.state.wi.us/agencies/oci/oci_home.htm

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