Getting your Oklahoma life insurance license is the first step toward becoming a life insurance agent in the state.
The Oklahoma Insurance Department (OID) requires you to complete a four-step process to become a life insurance agent in Oklahoma — from taking the life insurance exam to applying for a license.
These steps will take a few weeks to complete so we recommend you bookmark this page so you can use it as a reference throughout the process.
Obtaining your Oklahoma life insurance license isn’t difficult. Just follow these four steps to start your journey toward becoming a life insurance agent. Once you earn this license, check out our guide on how to get your Oklahoma property and casualty (P&C) license as well.
Before you take the Oklahoma life insurance licensing exam, it’s important to make time to acquire the knowledge you’ll need to pass this exam on your first attempt. Completing a pre-license education course will equip you with the necessary information and tools you’ll need to prepare for your exam.
While Oklahoma doesn’t have any formal pre-license education requirements, most insurance professionals opt to take a pre-license education course online. Others purchase books or self-study materials to prepare themselves for the exam.
A pre-license education course provides very specific industry knowledge that will be tested during the exam. There is very little information on the test that could be considered “common sense.” Pre-license education courses are self-paced and include study materials like practice exams and flashcards.
Beyond helping you effectively prepare for and pass the life insurance licensing exam on your first try, taking a pre-license education course also will give you a solid understanding of your duties as a life insurance agent.
Recommended
Doing a pre-licensing education course dramatically increases your chance of passing your exam on your first attempt, which can end up saving you both time and money in the long run. For pre-licensing education, StateRequirement recommends:
Kaplan Education Company
After you complete a prep course and your own independent studying, it’s time to take the Oklahoma life insurance exam.
Oklahoma uses Prometric as its official testing service for delivering licensure exams.
The Oklahoma life insurance exam outline contains a total of 100 scored questions that covers two sections: general and state-specific knowledge. The general section deals with basic life insurance product knowledge. The state-specific section covers insurance concepts and terms, rules, regulations, and practices specific to Oklahoma.
You’ll have 120 minutes to complete the exam. The Oklahoma life insurance exam fee is $41, which you must pay at the time of reservation by credit card, debit card, or voucher. The exam is a proctored test, meaning an official proctor will closely monitor you in a controlled environment.
If you happen to fail the Oklahoma life insurance exam, you can schedule a time to retake it as soon as 24 hours after your first attempt. There’s no limit to the number of attempts you can make on the same exam.
Tip
Check out our in-depth insurance exam guide for tips to help you pass on the first attempt.
The best way to understand if you are prepared for the test is to take a Life Insurance Practice Exam.
Once you pass the life insurance exam, you can apply for your Oklahoma life insurance license. The application fee is $60 plus $5.60 transaction fee, and you must apply online via the NIPR.
You must wait three business days after passing the exam to fill out the application. This’ll allow the NIPR’s online application system to offer you the correct lines of authority for which you may apply.
The OID will issue a life insurance license to individuals who are at least 18 years old and have passed the proper licensing exam. You should submit your completed license application within 12 months of passing the exam.
To apply for a life insurance license in Oklahoma, make sure you comply with the insurance licensing requirements as defined under the Oklahoma Insurance Code and the Oklahoma Administrative Code.
Send any questions or supporting documents to licensing@oid.ok.gov.
After you complete the previous three steps, the OID will review your application. It reviews applications in the order it receives them, and this process usually takes one to five business days from the date you submit your application.
Once the OID finishes reviewing your application, it’ll email you with its decision or ask you to provide more information.
You can print your license from the National Association of Insurance Commissioners (NAIC) website. There’s no charge to create an account or print a license. If you don’t remember your license number, you can find it by using the NAIC Lookup tool.
You’re now ready to get started as a life insurance agent in Oklahoma.
Once you complete the above steps and have your Oklahoma life insurance license, there are a few steps you’ll need to take in order to a) excel as an insurance agent, and b) maintain your life insurance license.
Let’s take a brief look at these below.
If you’re planning on selling advanced life insurance products, you’ll likely need to pass the Securities Industry Essentials (SIE) exam and obtain the relevant securities licenses (e.g., Series 6, 7, and 63).
For more information on this step, you can have a look at our in-depth Securities Licensing overview.
You’ll have to decide whether you’d prefer working as a captive agent employed by one company, or running your own business as an independent agent.
If you’re just starting out, you’ll likely benefit from working as a captive agent, but this will ultimately depend on your personal aspirations and opportunities.
To succeed as an insurance agent, you’ll need to adopt a marketing approach that’s effective for you.
We recommend finding and sticking to a niche, as well organizing all client appointments for the start of your week. This is because this can improve your overall client conversions.
In Oklahoma, you must complete 24 hours of continuing education (CE) every two years to renew your license (three of those hours must focus on ethics/consumer protection while another two hours must cover legislative updates). The remaining 19 hours should focus on general insurance producer knowledge.
To avoid delays in renewing your license, you should aim to complete all of the required CE hours at least 30 days before your license expires.
Note: There is a $60 renewal fee that will need to be paid.
For a more in-depth look at each one of these steps, check out our Steps After Getting Your Insurance License guide.
400 NE 50th St.
Oklahoma City, OK 73105
Phone: (405) 521-3916
