Missouri Life and Health Insurance Agent Exam

Need of a License: An individual who is acting as an agent or producer needs a license to sell life and health insurance in Missouri.

Who Grants a License: Licenses are granted by the Missouri Department of Insurance.

Qualifications to receive a License: Individuals who wish to obtain an insurance license in the State of Missouri:
 
1. Be at least eighteen (18) years of age.
2. Be a resident of the state.
3. Make a reservation and pay the fee.
4. Pass the examination.
5. Apply for a license after taking the exam.
 
Applying for the Producer Exam:  It is highly recommended that the Missouri Insurance Licensing Candidate Handbook be reviewed, and special attention be given to the content outlines (available at www.pearsonvue.com), before taking an examination.
 
The State of Missouri utilizes Pearson VUE to develop and administer its insurance licensing examination program. Pearson VUE is a leading provider of assessment services to regulatory agencies and national associations. Online reservations are the most efficient way for candidates to schedule their examination. Candidates must go to www.pearsonvue.com/mo/insurance to make an online reservation for an examination. Candidates may call (866) 274-4740 to make an exam reservation by phone.
 
Test Information: When candidates complete the examination, they will receive a scaled score report. A scaled score of 70 is required to pass the exam. Each examination is based on a detailed content outline of topics, subtopics, and references to applicable state laws, statutes and regulations. The Missouri Insurance Licensing Candidate Handbook contains specific content information beyond the following general outlines:
 
LIFE – GENERAL KNOWLEDGE CONTENT (50 scoreable questions plus 10 pretest questions)
 
I. TYPES OF POLICIES (12)
A. Traditional whole life products
B. Interest/market-sensitive life products
C. Term life
D. Annuities
E. Combination plans and variations
II. POLICY RIDERS, PROVISIONS, OPTIONS, AND EXCLUSIONS (19)
A. Policy riders
B. Policy provisions and options
C. Policy exclusions
III. COMPLETING THE APPLICATION, UNDERWRITING, AND DELIVERING THE POLICY (11)
A. Completing the application
B. Underwriting
C. Delivering the policy
IV. TAXES, RETIREMENT, AND OTHER INSURANCE CONCEPTS (8)
A. Third-party ownership
B. Group life insurance
C. Retirement plans
D. Life insurance needs analysis/suitability
E. Social Security benefits and taxes
F. Tax treatment of insurance premiums, proceeds, and dividends
 
MISSOURI-SPECIFIC LIFE CONTENT OUTLINE - State Statutes, Rules and Regulations (40 scoreable questions plus 10 pretest questions)
 
MISSOURI STATUTES, RULES AND REGULATIONS COMMON TO ALL LINES (20)
I. DIRECTOR OF INSURANCE
 A. General powers and duties
 B. Examination of records
  C. Cease and desist orders
II. LICENSING REQUIREMENTS
 A. Persons required to be licensed
 B. Obtaining a license
 C. Maintaining a license
 D. License suspension, revocation, denial, cancellation
III. MARKETING PRACTICES
 A. Unfair and deceptive practices
 B. Rebating
 C. Misrepresentation
 D. Defamation
 E. Unfair discrimination
 F. Boycott and coercion
IV. CERTIFICATE OF AUTHORITY
V. FIDUCIARY RESPONSIBILITIES
VI. COMMISSIONS AND COMPENSATION
VII. MISSOURI INSURANCE GUARANTY ASSOCIATION
 
MISSOURI STATUTES, RULES, AND REGULATION PERTINENT TO LIFE INSURANCE ONLY (20)
I. POLICY REPLACEMENT
 A. Disclosure
 B. Replacement forms
 C. Duties of producer
 D. Duties of replacing insurance company
II. POLICY PROVISIONS REF
 A. Policy loan rates
 B. Assignability
 C. Suicide Exclusion
 D. War and Aviation Exclusion
III. VARIABLE PRODUCTS
IV. GROUP INSURANCE
V. CREDIT LIFE INSURANCE
VI. GRADED DEATH BENEFITS
VII. UNIVERSAL LIFE
 
ACCIDENT & HEALTH – GENERAL KNOWLEDGE CONTENT (50 scoreable questions plus 10 pretest questions)
 
I. TYPES OF POLICIES (14)
A. Disability income
B. Accidental death and dismemberment
C. Medical expense insurance
D. Medicare supplement policies
E. Group insurance
F. Long Term Care (LTC)
G. Limited Benefit Plans
II. POLICY PROVISIONS, CLAUSES, AND RIDERS (20)
A. Mandatory provisions
B. Optional provisions
C. Other provisions and clauses
D. Riders
E. Rights of renewability
III. SOCIAL INSURANCE (3)
A. Medicare
B. Medicaid
C. Social Security benefits
IV. OTHER INSURANCE CONCEPTS (4)
A. Total, partial, and residual disability
B. Owner’s rights
C. Dependent children benefits
D. Primary and contingent beneficiaries
E. Modes of premium payments
F. Nonduplication and coordination of benefits  
G. Occupational vs. non-occupational
H. Tax treatment of premiums and proceeds of insurance contracts
I. Managed care
J. Workers Compensation
K. Subrogation
V. FIELD UNDERWRITING PROCEDURES (9)
A. Completing application and obtaining necessary signatures
B. Explaining sources of insurability information
C. Initial premium payment and receipt and consequences of the receipt
D. Submitting application (and initial premium if collected) to company for underwriting
E. Ensuring delivery of policy and related documents to client
F. Explaining policy and its provisions, riders, exclusions, and ratings to clients
G. Replacement
H. Contract law
 
MISSOURI-SPECIFIC ACCIDENT AND HEALTH CONTENT OUTLINE
State Statutes, Rules and Regulations (40 questions plus 10 pretest questions)
 
MISSOURI STATUTES, RULES AND REGULATIONS COMMON TO ALL LINES (20)
I. DIRECTOR OF INSURANCE
A. General powers and duties
B. Examination of records
C. Cease and desist orders
 II. LICENSING REQUIREMENTS
A. Persons required to be licensed
B. Obtaining a license
C. Maintaining a license
D. License suspension, revocation, denial, cancellation
III. MARKETING PRACTICES
A. Unfair and deceptive practices
B. Rebating
C. Misrepresentation
D. Defamation
E. Unfair discrimination
F. Boycott and coercion
IV. CERTIFICATE OF AUTHORITY
V. FIDUCIARY RESPONSIBILITIES
VI. COMMISSIONS AND COMPENSATION
VII. MISSOURI INSURANCE GUARANTY ASSOCIATION
 
MISSOURI STATUTES, RULES, AND REGULATIONS PERTINENT TO ACCIDENT AND HEALTH INS. ONLY (20)
 I. REQUIRED PROVISIONS
A. Standard Provisions
B. Coverage for newborns
C. Coverage for adopted children
D. Coverage for handicapped children
E. Coverage for dependent children
F. Coverage for pre-existing conditions
G. Coverage for mental health services
H. Coverage for mammography
I. Renewal and Cancellation
J. Advertisements
K. Substance abuse/alcoholism
L. Immunization
M. Mental Health
N. Antigen Testing for Bone Marrow Transplant
O. Drug co-pay
P. Drug cancellation notification
Q. Clinical trials
R. Newborn hearing screening
S. Child coverage discrimination prohibited
T. First steps
U. PKU testing and formula
V. Autism/Applied Behavioral Analysis
W. Hospital dental procedures
X. Cancer screenings
Y. Cancer diagnosis second opinion
Z. Chiropractic Services
II. REQUIRED OFFERS
A. Child Health Supervision
B. Speech and Hearing
C. Required coverage for diabetes
D. Chemotherapy
E. Testing for lead poisoning
F. Prosthetics
 III. MEDICARE SUPPLEMENT
 A. Minimum standards
 B. Sale of insurance to the elderly
 C. Nursing home coverage
 D. Prohibited provisions
 E. Disclosure/replacement requirements
 F. Free look
 G. Commissions
 H. Select Products
 I. Open Enrollment
 IV. HIV TESTING
 V. LONG TERM CARE
 VI. GROUP
A. Continuation/Conversion
B. Replacement
C. Spousal coverage
D. Association and Discretionary Group Coverage
VII. BLANKET
VIII. SMALL EMPLOYER GROUP
IX. MINIMUM MATERNITY BENEFITS
 
How to Apply for the License: Apply online via the Missouri Department of Insurance website or with a paper application, which can be found on the website.
 
State Licensing Information:
 
Missouri Department of Insurance
Financial Institutions and Professional Registration
PO Box 4001
Jefferson City, MO
65102-0690
Phone
(573) 751-3518
Fax
(573) 526-3416
www.insurance.mo.gov
 
Pearson VUE Licensing Information:
 
Pearson VUE
Missouri Insurance
Attn: Regulatory Program
5601 Green Valley Dr.
Bloomington, MN 55437
866-274-4740
 
License Renewal Requirements: Individual Producer licenses must be renewed every two years and there is a continuing education requirement.

Applicable Regulations: Life and health insurance agents in Missouri are regulated by the Missouri Department of Insurance.
 

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