Nebraska 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 Nebraska.

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

Qualifications to receive a License: Individuals who wish to obtain an insurance license in the State of Nebraska:
 
1. Be at least eighteen (18) years of age.
2. Be a resident of Nebraska.
3. Complete pre-licensing education requirements.
4. Pass the examination.
5. Apply for a license.
 
Pre-licensing Education Requirements: The combined life and health insurance license requires 40 hours of pre-licensing education (17 Life; 17 Health, including 6 hours of Medicare Supplement and Long-Term Care; 6 Ethics). A list of approved courses that comply with the prelicensing education requirements
is available from the Department upon request or may be obtained from the Department’s Web site at www.doi.ne.gov.
 
Applying for the Producer Exam:  Examinations are administered by the independent testing service, Prometric. Registration and examination information can be found in the Nebraska Licensing Information Bulletin, which should be reviewed thoroughly prior to registering for the exam. To register and schedule an exam online: www.prometric.com/nebraska/insurance. You may also register and schedule your examination by phone or fax. Please see the Nebraska Licensing Information Bulletin for further details. Direct all questions and requests for information about exams to:

Prometric
7941 Corporate Drive
Nottingham, MD 21236
Phone: 800.853.4753
Fax: 800.347.9242
TDD User: 800.790.3926
www.prometric.com/nebraska

Test Information: Each exam will cover the Nebraska statutes and general principles sections, as well
as the specific content for each line. Be sure to review the appropriate exam content outline to determine what topics are covered in the comprehensive exams. At the end of your exam, your score will be shown on the screen and you will receive a printed score report. The report indicates your overall score and grade, including the numerical percentage of questions answered correctly and whether you passed or failed. The Prometric Nebraska Insurance Exam Content Outlines contain specific content information beyond the following general outlines:
 
Nebraska Producer's Examination for Life and Annuities, Accident and Health or Sickness Insurance
Series 13-03 (150 questions – 2.5-hour time limit)
1.0 Insurance Regulation 6%
1.1 Licensing
1.2 State regulation
1.3 Federal regulation
2.0 General Insurance 6%
2.1 Concepts
2.2 Insurers
2.3 Producers and general rules of agency
2.4 Contracts
3.0 Life Insurance Basics 8%
3.1 Insurable interest (44-704)
3.2 Personal uses of life insurance
3.3 Determining amount of personal life insurance
3.4 Business uses of life insurance
3.5 Classes of life insurance policies
3.6 Premiums
3.7 Producer responsibilities
3.8 Individual underwriting by the insurer
4.0 Life Insurance Policies 8%
4.1 Term life insurance
4.2 Whole life insurance
4.3 Flexible premium policies
4.4 Specialized policies
4.5 Group life insurance
5.0 Life Insurance Policy Provisions, Options and Riders 8%
5.1 Required provisions (44-502)
5.2 Ownership and beneficiaries
5.3 Settlement options
5.4 Nonforfeiture options
5.5 Policy loan and withdrawal options
5.6 Dividend options
5.7 Disability riders
5.8 Accelerated (living) benefit provision/rider
5.9 Riders covering additional insureds
5.10 Riders affecting the death benefit amount
5.11 Viatical settlements
6.0 Annuities 10%
6.1 Annuity principles and concepts
6.2 Immediate versus deferred annuities
6.3 Annuity (benefit) payment options
6.4 Annuity products
6.5 Uses of annuities
7.0 Federal Tax Considerations for Life Insurance and Annuities 5%
7.1 Taxation of personal life insurance
7.2 Modified endowment contracts (MECs)
7.3 Taxation of non-qualified annuities
7.4 Taxation of individual retirement annuities (IRAs)
7.5 Rollovers and transfers (IRAs and qualified plans)
7.6 Section 1035 exchanges – disclosure pros and cons
7.7 Taxation of corporate owned life insurance
8.0 Qualified Plans 4%
8.1 General requirements
8.2 Federal tax considerations
8.3 Plan types, characteristics and purchasers 
9.0 Sickness and Accident Insurance Basics 7%
9.1 Definitions of perils
9.2 Principal types of losses and benefits
9.3 Classes of health insurance policies
9.4 Limited policies
9.5 Common exclusions from coverage
9.6 Producer responsibilities in individual health insurance
9.7 Individual underwriting by the insurer
9.8 Considerations in replacing health insurance
10.0 Individual Sickness and Accident Insurance Policy General Provisions 6%
10.1 Uniform required provisions (44-710.03)
10.2 Uniform optional provisions (44-710.04)
10.3 Other general provisions
11.0 Disability Income and Related Insurance 6%
11.1 Qualifying for disability benefits
11.2 Individual disability income insurance
11.3 Unique aspects of individual disability underwriting
11.4 Group disability income insurance
11.5 Business disability insurance
11.6 Social Security disability
11.7 Workers compensation
12.0 Medical Plans 7%
12.1 Medical plan concepts
12.2 Types of providers and plans
12.3 Cost containment in health care delivery
12.4 Nebraska requirements (individual and group)
12.5 HIPAA (Health Insurance Portability and Accountability Act) requirements
12.6 Health savings accounts (HSAs)
13.0 Group Sickness and Accident Insurance 6%
13.1 Characteristics of group insurance
13.2 Types of eligible groups
13.3 Marketing considerations
13.4 Employer group health insurance
13.5 Small employer group medical plans
14.0 Dental Insurance 1%
14.1 Types of dental treatment
14.2 Indemnity plans
14.3 Employer group dental expense
15.0 Insurance for Senior Citizens and Special Needs Individuals 9%
15.1 Medicare
15.2 Medicare supplements
15.3 Other options for individuals with Medicare
15.4 Long-term care (LTC) insurance
15.5 Nebraska Comprehensive Health Insurance Pool
16.0 Federal Tax Considerations for Sickness and Accident Insurance 3%
16.1 Personally-owned health insurance
16.2 Employer group health insurance
16.3 Medical expense coverage for sole proprietors and partners
16.4 Business disability insurance
16.5 Health savings accounts (HSAs)
 
How to Apply for the License: After successfully completing the appropriate qualifying exam, you must apply to the Department for a license. To apply for a Producer’s License, submit all of the following to the Department:

• Completed NAIC Uniform Application for Individual Insurance Producer License, which may be downloaded from www.doi.ne.gov.
• Your prelicensing education Certificate of Course Completion.
• The appropriate license fees (current fees available online at www.doi.ne.gov).
 
Direct applications and questions about licensure to:
Nebraska Department of Insurance
P.O. Box 82089
Lincoln, NE 68501-2089
Phone: 402.471.4913
Fax: 402.471.6559
www.doi.ne.gov

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 Nebraska are regulated by the Nebraska Department of Insurance.
 
For more information on life and health insurance agent licensing and exam preparation, go to Tests.com’s Life and Health Insurance Exam Guide.

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