Oregon Life Insurance License Requirements Explained

Key Differences for Oregon

Oregon requires applicants to complete a 20‑hour pre‑licensing course, pass the state life insurance exam with at least a 70% score, and submit a fingerprint‑based background check. The application fee is $85, and the license is valid for two years, after which a 24‑hour continuing education (CE) course is mandatory for renewal.

Basic Eligibility

Applicants must be at least 18 years old, a legal resident of the United States, and not have any felony convictions related to fraud, theft, or moral turpitude. A Social Security number is required for the fingerprint check.

Pre‑Licensing Education

Prospective agents must enroll in an approved 20‑hour life insurance course covering policy types, state regulations, ethics, and underwriting basics. The course can be taken online or in a classroom setting and must be completed within six months before filing the license application.

Exam Details

The Oregon Division of Financial Regulation administers the life insurance exam through Pearson VUE. The test consists of 150 multiple‑choice questions; candidates have 3.5 hours to complete it. A passing score of 70% (105 correct answers) is required. Retake fees are $50 per attempt.

Application Process

After finishing the course and passing the exam, submit the online application via the NIPR (National Insurance Producer Registry) portal. Upload the course completion certificate, exam results, and a recent fingerprint card. The $85 fee is paid electronically.

Continuing Education and Renewal

Oregon licenses expire after two years. To renew, agents must complete a 24‑hour CE program approved by the state, which includes 2 hours of ethics. Renewal is filed online with a $75 fee.

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