Wisconsin Administrative Code › Office of the Commissioner of Insurance › Chapter Ins 26 - Prelicensing Education › Section Ins 26.04 - Prelicensing requirement

Current through June 24, 2024
(1) Each applicant
			 for a property, personal lines, casualty, life, or accident and health
			 insurance license shall complete, not more than one year earlier than the date
			 tested, at least 20 hours of a preliminary educational program approved by the
			 commissioner in accordance with this chapter.
(2) Minimum prelicensing educational
			 requirements shall not apply to the following:
(a) Any applicant applying for a limited line
			 insurance license for credit insurance, legal expense insurance, miscellaneous
			 limited line, title insurance, crop, surety, or travel insurance.
(b) Any nonresident applying for a
			 nonresident license in the state of Wisconsin.
(c) Any applicant who has completed a 2-year
			 Wisconsin vocational school degree in insurance who submits evidence of
			 attendance with the application.
(d) Any applicant who has completed a 4-year
			 college degree in business with an insurance emphasis who submits evidence of
			 attendance with their application.
(e) An applicant for a reinsurance
			 intermediary-broker, reinsurance intermediary-manager or managing general agent
			 limited-line license.
(f) An
			 applicant applying for an original resident license who held a license within
			 the previous 12 months as a resident insurance agent in another state for each
			 of the lines applied for in Wisconsin is exempt from prelicensing education and
			 examination requirements. An application shall be filed in a manner prescribed
			 by the commissioner using the NAIC Uniform Application. A completed application
			 shall include: the NAIC Uniform Application; payment of any fees; and any
			 documentation required in answer to questions on the application. If
			 confirmation of the previous home state, as defined by s.
			 Ins 28.03
			 (3m), license status is not attainable from
			 the National Insurance Producer Registry, evidence of licensing from the
			 previous home state is required.
(g) An applicant applying for an original
			 resident license for the Life line of authority who provides satisfactory
			 evidence of currently holding any of the following professional designations or
			 successor designations: Certified Employee Benefit Specialist (CEBS), Chartered
			 Financial Consultant (ChFC), Certified Insurance Counselor (CIC), Certified
			 Financial Planner (CFP), Chartered Life Underwriter (CLU), Fellow of the Life
			 Management Institute (FLMI), or Life Underwriter Training Council Fellow
			 (LUTCF).
(h) An applicant applying
			 for an original resident license for the Accident & Health line of
			 authority who provides satisfactory evidence of currently holding any of the
			 following professional designations or successor designations: Registered
			 Health Underwriter (RHU), Certified Employee Benefit Specialist (CEBS),
			 Registered Employee Benefits Counselor (REBC), or Health Insurance Associate
			 (HIA).
(i) An applicant applying
			 for an original resident license for the Property, Casualty, or Personal Lines
			 P&C lines of authority who provides satisfactory evidence of currently
			 holding any of the following professional designations or successor
			 designations: Accredited Advisor in Insurance (AAI), Associate in Risk
			 Management (ARM), Certified Insurance Counselor (CIC), or Chartered Property
			 and Casualty Underwriter (CPCU).