Property Broker-Agent

Exam

Not reported

Education

Not reported

Experience

Not reported

Background check

Not reported

A property broker-agent is a person authorized to act as an insurance agent, broker, or solicitor. Licenses to act as a property broker-agent include the type property, which entitles the licensee to transact insurance coverage on the direct or consequential loss or damage to property of every kind. Qualifications • Minimum Age: 18 years • Residency: California residency is not required • Prelicensing Experience/Education: Complete 20 hours of approved property prelicensing study and 12 hours of approved prelicensing study on ethics and the California Insurance Code • Entity: Individual and Business Entity Fees: • Application: $188 for two-year term • Renewal: $188 every two-year license term • Fingerprint Processing: The fee at the California Department of Insurance's (CDI) test centers is $59. The fee at PSI's test centers is $68.95. Other license information and requirements: • • Examination Requirement: Yes • Examination information: PSI Services, LLC, schedules the examinations for CDI's property broker-agent license applicants. For scheduling examinations use PSI's Examination Scheduling Service at PSI Online - One stop Solution for Test Takers (psiexams.com). Individuals may schedule their examinations with PSI either online or by telephone. • Fingerprint impressions: Fingerprint impressions are required for all unlicensed resident and most non-resident applicants • Average Time to Process Application: two to three weeks • Renewal Period: Two-year license term • Continuing Education: 24 hours of continuing education which includes three hours of ethics each two-year license term For more information on this license type use this URL http://www.insurance.ca.gov/0200-industry/0050-renew-license/0200-requirements/casualty/index.cfm. Authority: California Insurance Code section 1625(b)(1).