Oregon Insurance Agent 24-Hour Continuing Education Course (Life, Health, Property, and Casualty)

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Free
  • Duration: 24 hours
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How to Renew Your Oregon Insurance License

General Requirements:

Total Hours

Total Hours

24 hours biennially

Compliance Renewal Date

Renewal date is the last day of the licensee’s birth month, biennially.

You may also need to take specific courses or earn specific credit types to renew your license. These course completions will count toward the total hour requirement.

Line-Specific Requirements:

For All Licenses:

Ethics
3 hrs – Producers must complete 3 hrs of Ethics as part of the total requirement.

Law
3 hrs – Producers must complete 3 hrs on Oregon statutes and administrative rules, including recent updates, as part of the total requirement.

Annuity Requirements

Insurance producers must demonstrate adequate knowledge of annuity products before soliciting the sale of annuity products. Producers must complete a one-time four credit training course provided by an approved education provider. Annuity training courses may be taken by classroom or self study methods. For Oregon nonresident producers, the satisfaction of the training requirements of another state that are substantially similar to the requirements of Oregon will satisfy this training requirement. The insurer must verify that the training requirement has been met before allowing a producer to engage in the sale of annuity products. Certificates of completion are an acceptable form of verification.


Long-Term Care Training

Producers must complete an initial training course prior to selling long-term care products, and ongoing training every 24 months thereafter. The initial training must consist of 8 hours, ongoing training must be at least 4 hours.


All Other State Requirements

Resident Requirements

Oregon producers must complete 24 hours every biennium, including three (3) hours of ethics and three (3) hours of Oregon statutes and administrative rules (including recent changes).

A licensee cannot receive credit for more than eight (8) hours of continuing education in one day.

Property and casualty producers who sell flood insurance are reminded that they must comply with the one-time 3 hour training course on flood insurance and the NFIP. The hours may be applied to the overall CE requirement.

Course Repetition

Courses may not be repeated within a biennial period.

Exam Rules

Online certification exams are closed book. Course materials are not available while the exam is in progress. The final exam must be passed with a score of 70% or higher to receive CE credit. If the exam is not passed on the first attempt, students have an unlimited number of retakes.

Proctor/Monitor Requirements

Online exams must be monitored by a disinterested third party (i.e., there can be no family relationship, cannot be a direct supervisor, cannot be a person directly supervised by the student). A disinterested third party certifies that the licensee completed the exam without assistance (i.e., closed book, no tiling, layering of screens, etc.) and is someone who has no financial interest in the success or failure of the student’s ability to maintain their license. The monitor must complete the online Declaration of Compliance.

If the licensee launches the exam without a monitor present, he/she will be disqualified from receiving CE credit for the course. Completion of the Declaration of Compliance acknowledges understanding and adherence to the specific requirements outlined by the State Department of Insurance. The Declaration of Compliance is electronically transmitted to Kaplan upon completion of the exam and may be audited for compliance purposes.

Period Requirements

Renewal periods for all agents are the last day of their birth month every two (2) years. All CE credits must be completed prior to license renewal.

It is recommended that continuing education be completed 30 days prior to the producer’s expiration date.

Carryover Requirements

Carryover of CE hours is not permitted.

Reporting Requirements

For all completions prior to May 7, 2012, completions are reported by the student.

For all completions subsequent to May 6, 2012, completions are reported by the provider (Kaplan).

State Reporting Fees

The Oregon Department of Insurance requires a course reporting fee of $1.00 per credit hour (online, self-study, and classroom courses). This state reporting fee will be automatically charged to you (on the last credit card used in your account) each time you complete an online, self-study, or classroom course.

Exemptions

Individuals who were exempt from the license exam due to having sufficient work experience or completing course work to obtain an industry-recognized designation may consider the experience or course work as equivalent to having held the agent license for three (3) years, and will have their CE requirement altered accordingly (contact the insurance department for details).

Acceptable Training Methods

  • Correspondence (Print)
  • Company Seminars
  • Classroom
  • CBT/CD-ROM (Computer-Based Training)
  • Online (Internet Delivery)

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