There are cases where you could be a part owner of an insurance agency. If I’m not mistaken, the state of Texas requires at least one principle owner to be a licensed insurance agent. In a case like this refer to http://www.tdi.state.tx.us.

So does that apply to a person wanting to become an owner as well?

Thank You very much

No, the Texas Department of Insurance does not require a college degree as a part of the licensing process. Perhaps your friend was referring to a particular company’s requirements.

I hope this answers your question!
David

Thanks for your help,
Diane

You can only take the Texas Insurance Agent’s licensing exam at Prometric. In order to prepare for your exam, I suggest you one of the many prelicensing solutions available in the state. If you want a money back guaranty for your online test prep program, consider contacting John Patton at the TexasInsuranceTrainingAcademy. Feel free to email us at info@txinsurancepro.com if you have any further questions. Good luck in your insurance career! If you need home, we’re looking for agents to train. Just get that license!

I referred your case to Byron Ingraham, the author of this post. He should call you soon, if he has not already.

Thanks.
David B.

Unlike the Texas insurance adjusters license, you must take the Texas insurance agent’s licensing exam at a Prometric testing center. As far as Texas Insurance Prelicensing locations, you can probably find lots of different places. Because there’s a big demand for more information on Texas Insurance Prelicensing, I will be writing a blog review on the different options available to insurance agent applicants.

As far as which license is more effective, that’s up to you. Since I am licensed in both Property Casualty and Life & Health, I see benefits to having both. Reality is that there are dozens of specialties you can try in the insurance world. Some pay smaller commissions but offer level renewals. For example, auto and home insurance pays the agent around 8-10% per year every year a client stays with the agent.

On the other hand a health insurance policy could pay 4 – 6% the first year and 1% each subsequent year; while some life insurance policies could pay 60 -80% (or more) the first year commissions and nothing in subsequent years.

As you can see, the effectiveness of an insurance license is up to the agent and his(her) specialty. I hope this helps a bit. Feel free to email me at info@txinsurancepro.com or give us a call.

Insurance licensing and study materials can be found online by performing a search for “insurance prelicensing”. You’ll find a number of different company that offer insurance prelicensing materials. The costs range from $99 to $300. As far as getting both general lines property casualty and life health, each test will cost approximately $75. The licensing tests are proctored by Prometric. Upon passing the test, you’ll also need to pay for fingerprinting as well which is $44.50. As for the actual licensing application, that fee is still $50.

As for where to get your study materials, you can use a number of companies. I am in the process of writing another reviewing the different Texas prelicensing companies online. Feel free to stop back by. As I write contents geared towards helping agents and consumers of all types. In the meantime, type “Texas insurance prelicensing” into the search engine and see what you come up with.