This licensing information is designed to provide a summary of the Montana insurance license requirements established by the Montana Commissioner of Securities and Insurance. We recommend you contact the Montana Commissioner of Securities and Insurance for more detailed information or changes.
Step 1: Pass a Montana insurance licensing exam
Make an exam reservation
Your licensing exam is provided by Pearson VUE. When you make your reservation, you will be required to pay the exam fee using a credit card, debit card, voucher, or electronic check. You can make an exam reservation online or by phone:
- Online: Visit www.pearsonvue.com/mt/insurance. Make your reservation at least 24 hours before your desired exam date, or 5 days prior to your desired date if you plan to pay by electronic check.
- Phone: Call (800) 274-8906. Be prepared to provide the name of the exam and your preferred test date and test center location when you make your reservation.
What to bring to your exam
You are required to bring two forms of current signature identification, including:
- A primary ID, such as a driver’s license, passport, or military ID that contains a photograph and signature. The ID cannot be expired.
- A secondary ID, such as a debit or credit card that contains your signature and has not expired.
You should arrive at your test center 30 minutes prior to the exam so that you have plenty of time to verify your identification and have your photograph taken for the score report. However, please remember that you are not allowed to study in the test center. You will be given the opportunity to take an exam tutorial that will not reduce your exam time.
Montana insurance license exam format
- Each major line exam is given in a multiple-choice format.
- The exam consists of a general section that covers basic insurance product knowledge and a state section that covers the insurance laws, regulations, rules, and practices of Montana.
- The passing score required on the exam is 75. As soon as you complete the exam, you will receive a score report that indicates whether you passed or failed. Should you fail, you will receive a report that shows your numeric score and provides you with diagnostic and re-testing information.
Note: Each exam includes a mix of “pretest” questions and scored questions. The pretest questions are not identified throughout the exam, and the answers may not have been discussed in your education course. Answers to pretest questions will not affect your score.
Step 2: Have your fingerprints documented
If this is your first time taking the Montana insurance license exam, or if you are adding a line to an existing license, have your fingerprints taken at your testing center after your exam. Schedule an appointment at pearsonwest.ibtfingerprint.com or contact MorphoTrust, USA at (866) 761-8069.
Step 3: Apply for a Montana insurance license
Once you’ve passed the exam, apply for your Montana insurance license by completing an application at www.nipr.com.
For more information regarding Montana insurance license requirements, contact the Montana Commissioner of Securities and Insurance.
Securities License Requirements
Any securities professional associated with a member firm-including partners, officers, directors, branch managers, department supervisors, and salespersons-must register with the Financial Industry Regulatory Authority (FINRA). The registration application requires information about the individual's prior employment and disciplinary history. FINRA prescribes two levels of qualification and registration:
Registered representatives, generally sales personnel
Principals, generally officers of the firm and other management personnel involved in the day-to-day operation of the firm's investment banking or securities business