PURPOSE: This regulation explains insurance producers’ licensing standards and procedures. This regulation is promulgated pursuant to section 374.045, RSMo and implements sections 375.012–375.025, RSMo.

1. (1) Examination Procedures.

   1. (A) Before an individual may be licensed to sell certain classes of insurance, s/he must first take and pass an examination testing both the individual’s knowledge regarding the class(es) of insurance the individual proposes to sell and the individual’s knowledge of the insurance statutes and regulations. The examination must be taken and passed prior to submitting an application for a license to the Department of Insurance. The classes of insurance for which an examination is required prior to licensure are life insurance, accident and health insurance, property insurance, casualty insurance, and personal lines.
   2. (B) The department contracts with an independent testing service, which administers the examinations referred to in subsection (1)(A). In order to take an examination, an individual must register and pay the appropriate fee to the independent testing service designated by the department. Instructions may be obtained from the independent testing service or the Department of Insurance.
   3. (C) Once an individual has passed an examination, s/he has one (1) year from the date of the examination in which to submit an application for licensure to the Department of Insurance. Failure to submit an application within this time period will necessitate the individual taking and passing the examination again before s/he may be licensed.

2. (2) Application Required.

   1. (A) The application required by section 375.015, RSMo shall be completed on the form approved by the director of insurance by each applicant for licensure before any license is issued.
   2. (B) Each application shall be accompanied by an application fee of one hundred dollars ($100).
   3. (C) All fees must be paid by money order, cashier’s check, company check or business entity check. Fees for electronic applications may be paid be credit card or electronic funds transfer. No fee shall be refundable.
   4. (D) A license will be issued only when the applicant has satisfactorily completed the requirements of sections 375.015–375.018, RSMo and of this regulation and the director has not refused to issue the license pursuant to section 375.141.2, RSMo.

3. (3) Special Licenses.

   1. (A) Variable Contracts. Any licensed life insurance producer may be licensed to sell variable annuities and variable life insurance policies upon the submission of an application for same and a copy of the insurance producer’s National Association of Securities Dealers registration or Securities and Exchange Commission certification, and the one hundred dollar ($100) application fee.
   2. (B) Title. A license to sell title insurance shall be issued to any natural person pursuant to section 375.018, RSMo upon receipt of a completed application and the one hundred dollar ($100) application fee.
   3. (C) Credit. A license to sell credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability and guaranteed automobile protection

4. (GAP) shall be issued pursuant to section 375.018, RSMo, to any natural person upon receipt of a completed application and a one hundred dollar ($100) application fee.

   1. (D) Travel. A license to write insurance policies covering the risk of travel shall be issued pursuant to section 375.018, RSMo, to any natural person upon receipt of a completed application and a one hundred dollar ($100) application fee.
5. (4) Natural persons who are not residents of Missouri may be licensed as insurance producers in this state upon receipt of a completed application, the certification of the proper official of the insurance producer’s resident state that s/he is licensed in that state for the lines for which s/he wishes to be licensed in this state, provided equivalent lines are licensed in this state, and a one hundred dollar ($100) application fee.
6. (5) The biennial renewal fee for an insurance producer’s license is one hundred dollars ($100). An insurance producer’s license shall be renewed biennially on the anniversary date of issuance and continue in effect until refused, revoked or suspended by the director in accordance with section 375.141, RSMo. If the biennial renewal fee for the license is not paid by the expiration date the license terminates. All fees must be paid by money order, cashier’s check, company check or 20 CSR 700-1

business entity check. Fees for electronic renewals may be paid by credit card or electronic funds transfer. No fee shall be refundable.

1. (6) Personal Lines. A license to sell personal lines insurance shall be issued to any natural persons pursuant to section 375.018, RSMo, upon receipt of a completed examination, proof of passing score on examination, and a one hundred dollar ($100) application fee. A personal lines license shall authorize an individual to sell property and casualty insurance providing coverage for individuals and families for non-commercial purposes. An individual holding a personal lines license shall complete, during each two (2)-year period, the continuing education requirements for a property and casualty license as defined in section 375.020, RSMo.

AUTHORITY: section 374.045, RSMo 2000.* This rule was previously filed as 4 CSR 190-12.020. Original rule filed Aug. 5, 1974, effective Aug. 15, 1974. Amended: Filed Dec. 23, 1975, effective Jan. 2, 1976. Amended: Filed July 15, 1976, effective Dec. 20, 1976. Amended: Filed Oct. 14, 1977, effective March 13, 1978. Amended: Filed July 12, 1979, effective Nov. 15, 1979. Amended: Filed Oct. 14, 1981, effective Jan. 15, 1982. Amended: Filed Dec. 14, 1982, effective April 11, 1983. Emergency amendment filed May 30, 1985, effective June 10, 1985, expired Oct. 8, 1985. Amended: Filed Jan. 17, 1986, effective June 28, 1986. Amended: Filed July 5, 1988, effective Nov. 1, 1988. Amended: Filed Feb. 16, 1994, effective Aug. 28, 1994. Amended: Filed April 12, 1999, effective Nov. 30, 1999. Amended: Filed July 12, 2002, effective Feb. 28, 2003. Amended: Filed Sept. 15, 2005, effective March 30, 2006. *Original authority: 374.045, RSMo 1967, amended 1993, 1995. Op. Atty. Gen. No. 145, Scharz (9-15-66). A corporation may not be a licensed insurance agent. Therefore, an insurance company cannot pay agent a commission to a corporate insurance agency.