LICENSING & APPOINTMENT
Licensing Manual
1 Pre-Licensing Education (ExamFX)
2 Exam Registration (new process)
3 Submit Fingerprint
4 Apply for License online
5 Check Licensing Status Online and Download License
6 Upload License and Access mywfg.com
7 Complete CE Courses (Kaplan)
7.1 ExamFX Free CE Bundle
8 Provider Appointments (Major Providers)
8.1 Crump Appointments (Annuity and other carriers)
8.2 Annuity Product Training on RegEd
8.3 Nationwide Training
Other Process
Non-Resident Licensing and Appointment
Non-CA Resident Licensing Process
HI, GA, PA, KS, WA ... State Licensing
License Process Introduction License preparation process
Introduction video of license preparation process (Chinese)
Exam Topics exam structure
Precautions
1. There are 150 questions in the exam, and more than 90% of the questions are concentrated in the chapters of GENERAL INSURANCE, LIFE INSURANCE, and MEIDICAL EXPENCE INSURACE. Other chapters such as LIFE INSURANCE RIDERS, DISABILITY INCOME INSURANCE, LONE-TERM CARE INSURACE. Only 10% of the test questions. So pay attention to the key points when reviewing.
2. The recommended review process is to first look at KEY FACTS in Chinese and English, then Study BY TOPICE, complete all after-school questions in accordance with the chapters, and do the after-school questions in key chapters repeatedly, and finally do mock questions. PS: If you are only studying for exams, you can skip the text of each chapter and do the after-school questions directly, and then understand and remember the answer analysis of each question.
3. Note that you need to complete the CODE AND ETHICS 12 hours, and LIFE AND HEALTH 40 hours of learning courses, and then download the proof of completion on the web page in time.
4. It is rare to encounter exactly the same real questions in the exam, but they will encounter specific applications of the same concepts. Therefore, it is not enough to memorize the answers by rote. It is still necessary to truly understand each question.
Total Fee for License Application
1. Licensing Education with ExamFX package: $29.95 +$6 (reporting fee)
2. Finger Print $70
3. PSI exam Registration Fee $88
4. CA License Registration $188
5. Continue Education for Annuity, AML Package Fee: $19.95
Total: $396
License Maintenance License Maintenance Fee
1, Platform fee $25/month ($300/year)
2, Error and Omission business insurance $520/year
⭐Bonus ($70 a month) will be paid back to you as commission if monthly production >2000point
Other Materials
2019/2/1 Exam:
Key facts can cover about 60% of the original questions, and there are still some questions with extended knowledge under the concept of key facts, so it is still necessary to brush the simulation questions. Can be arranged: Key Facts-review questions (review wrong questions)-Key Facts-review questions (review wrong questions). . . Repeat this way.
The following content is the content of a certain exam, not necessarily universal, for reference only:
1/ At least 4-5 questions about the definition of loss and risk;
2/ pure risk & Speculative risk;
3/ Definition of Mortality
4/ Insurance contract is written
5/ contract is written
6/ Definition of Broker
7/ Which rider will not appear in the life insurance policy: waive of premium... (Correct answer: extended term is not rider)
8/ Nonoccupational insurance policy
9/ If a policy has a loan is outstanding, it may be deducted from the payment
10/ Interests between the following two people cannot purchase insurance policies: creditor & debtor, parents & kids…
11/ HMO & PPO must understand, there are at least 3-4 related questions
12/ Adverse election has 2 questions
13/ HICAP: Health Insurance Counseling and Advocacy Program has 2 questions
14/ who is responsible for filing agent appointment: commissioner, insurer…
15/ Which of the following jobs does solicitor do: A/ offer & rate quotation; B/ introducing agent; C/prompt other insurance products; d/ advertising...
16/ Coverage & limitation of vision insurance (2 questions)
17/ Medicare plan A, B, C, D can have 3-4 questions
18/ Medicare plan B Two questions: one asks the patient to pay% after deductible, and the other asks medicare to pay after deductible
19/ Who submits the claim by Medicare
20/ What happens if the medical loss ratio of an insurance company is lower than the requirement?
21/ If an insurance company continues to pay for an insurance policy with a waive of premium rider, then a/ cash value increase; b/ no dividend; c...
22/ Insurers must comply with the medical loss ratio requirement as follows: individual plans 80%
23/ free look, both normal people and old people have taken the test. Note that it is at least 10 days, so the correct answer (California) is 10-30 days
2019/6/8 Exam :
Do more simulation questions, which are more similar to the actual questions. There is plenty of time for the exam, so don't worry. Here are the concepts to remember:
1. HICAP concept
2. The difference between Joint and Survivorship
3. In the case of getting the conditional receipt, when will insurance begin?
4. The role of MIB and Physicion's Statement
5. How many weeks of leave does the Family Medical Leave Act provide?
6. The difference between general account and separate account
7. What do Under Social Security, Fully Insured and Currently Insured mean?
8. In health insurance, the relationship between EOB (Explanation of benefits) and primary and secondary insurance
9. The difference between HMO and PPO, what is gatekeeper
10. What is Respite care
11. The difference between agent and broker
12. How to use Life Insurance to guarantee Mortgage payment
13. In Insurance Contract, the concepts of aleatory and unilateral
14. What is Key person insurance, Buy-Sell insurance, Business Overhead insurance
15. In Medicare Part B, who will file claim
2019/6/21 Exam:
Key facts are still very useful, and the topics are all from Key facts. The three sets of simulated questions in Xcel testing are relatively close to the real questions.
1: The contract is written 2 questions
2. Speculation risk 2 questions
3. Pure risk
4. Danger
5. Definition of compensation
6. Mortgage
7. Grace period 3 questions
8. Waiting period
9. Free look 3 questions
10. What age does the child follow the parents’ insurance?
11. Medicare part A age
12. Medicare part B covers …?
13. Respite care
14. buy-sell
15. ERISA
16. HICAP 2 questions
17. Benefits after Pregnant
18. Floating annuity?
19. Key person insurance
20. What to do if an employer does not have employees but wants to have insurance
21.HMO provides?
22. When can employees register?
23. No waiver of premium clauses
24. The choice of unfavorable factors
25. Non-cancelable
26.renewable contract
27. How to name an insurance company
28. illustration2 questions
29. What kind of insurance is to receive the bonus to pay the monthly fixed premium?
30. What should be written about the agent in the advertisement?
31. How to penalize high advertising costs
32. Who can get disabled benefits
2019/06/25 Exam
(Anaheim exam venue) To schedule an exam in advance, I made an appointment last Saturday, and there is only 9 AM on Tuesday morning this week. In the morning traffic jam, it is recommended to leave early. Apple Maps is indeed different from the Google Maps exam location (Apple is right). I found out that my coat had pockets when I arrived in the examination room, and I always thought that there was no pocket. . . He was asked to take it off and put it in the cabinet. So don't really wear clothes with pockets and hats. Key Fact is very important. In addition to reading Key fact, I also did 150 practice questions, a set of simulation questions, and also read the "Tested Questions" document. After completing the simulation questions, there is a score analysis. I found that there are two pieces of knowledge that are wrong. I focused on those two pieces of content~ The following is the recalled test content:
1. HICAP has taken at least 4 questions. The key point is to remember that it is not an organization that sells insurance and cannot provide legal advice. It is a volunteer who helps the insured.
2. Survivorship, second-die policy
3. overinsurance
4. MIB membership
5. How many weeks of leave does the Family Medical Leave Act provide?
6. 90% coinsurance for in-net and 70% for out-net coinsurance. Which medical insurance policy does it refer to?
7. Fully Insured and Currently Insured
8. Several questions in medicare
9. gatekeeper
10. What is Respite care
11.speculative rick
12. Which Life Insurance suits Mortgage?
13. The concept of unilateral
14. Key person insurance, Buy-Sell insurance
15. risk, peril, hazard
16. Increasing the insured amount does not eliminate risk
17.waive of premium
18.adverse selection
19. Vision insurance has two questions, whether the eye surgery is covered, and the content of the coverage
20.free look 10-30 days
21.Premium concept
22.premium+interest-mortality-expense
23.reduced paid up
24.medical loss ratio
25. Part B purchase period within 3 months after the birthday month
26. The child followed his parents’ insurance and took the test twice until he was 26.
27.key person
28.Noncancelable
29. I bought an annuity after receiving a bonus, and started to get an annuity immediately. It is a single premium immediately.
30. What is the effect of the bill that cannot discriminate against pregnant women?
2020/9/21 test site memories (Diamond Bar test room)
1. Pure risk/Speculative insurability
2. Contract (insurance policy is used in the exam questions), if it is written;
And the two parties signing are not equal;
Unilateral contract
3. Loss exposure
4. Loss definition
5. Indemnity → make whole; compensation principle: insurable interest
6. Hazard→increase risk
7. Definition of Premium
8. Concealment→rescind the insurance
9. Free look (the word used in the exam question is Senior, in fact, it is in the repentance period of the older person)
10. Grace period (will the policy be voided during this period)
11. The definition of the Mortality table (the title will turn around and it will be very complicated. There is an option to say the number of people who may die, when
I sometimes feel that this is not consistent, and some options are mainly to record the facts about the mortality rate of various ages)
12. Buy and Sell (this concept needs to be understood)
13. Common business use of insurance (I remember one option → have money to deal with unexpected accidents)
14. MEC
15. The illustration contains the information (the options are: provider name, address; a logo says that this is an illustration,
policy no.;...)
16. Medical Loss Ratio, personal (options: 70%, 75%, 80%, 85%)
17. Who holds the certificate (insurer, participant, employee, beneficiary) in group insurance?
I am also very confused about the question. If you encounter similar questions, pay attention to it. At the time, I was not sure which answer corresponds to
employee. 18. Disability income→own occupation
19. Waive premium
20. Guarantee renewable→increase premium, (There are 2-3 test sites here. Regarding this point, please remember more
Recall)
21. Fully insured
22. The number of times the annuity is distributed (this question contains the ten-year plan, after five years, if the person passes away, how much more can the beneficiary get
This time, my expression may be inaccurate. Those who have brushed this question almost know the meaning)
23. HMO PPO understand more about this (gatekeeper, provide those services, whether the medical consultation on or off the network affects the monthly
payment...)
24. Medicare doesn't care Long term care
25. How to deal with Dividend?
26. Hicap 2-3 questions (free, there are also questions about the staff there, whether the answer is legal, whether it is a volunteer,
Have you specially trained similar special training?)
27. Vision insurance which does not include (examination, surgery...)
28. Medicare plan B How much does the patient and medicare pay each
29. Medicare who claims
30. Why is receipt of receipts important?
31. Respite meaning
32. What age does the child stay with his parents?
33. Part A age; how long does it take to enroll after 65
34. ERISA
35. CORBA
36. Separate account
37. Saving account
38. Principles of naming insurance companies
39. Decreasing term→Home mortgage
40. If premium becomes higher and death benefit becomes higher, will the cash value be affected?
41. Is Long Term Care included in Part C?
42. Family medical Leave Act maximum number of weeks of leave
43. Long term care corresponds to what kind of inflation
44. Insurance Advertising
45. Admitted definition
46. Waiting period
47. 2/6 ADL
Some words that I remember appearing, you can understand their meanings when you are reading the questions.
violated,liquidity,adhesion,claimant,transact,subrogation,jurisdiction...
Experience
It is easier to memorize the questions and knowledge points at the same time when preparing for the exam, and it is tedious to look at the knowledge points separately
About 30% of the questions I tested were brushed on xcel, but the questions on xcel are generally shorter. The set of questions I tested includes
A sentence that is quite long may be closer to FX. Before the exam, you should read more questions, write down the knowledge points that are not easy to remember in a small book, and repeat the study before the exam.
Go over the wrong questions before the exam
Take the exam as soon as possible, otherwise you will forget it after a long time, unless you have to do a certain amount of questions every day
Friends who are afraid of the cold can bring a pocketless jacket, the examination room will be a little cold after sitting for a long time
Diamond Bar examination room process
Report → lock items → submit ID → sign fingerprints and take pictures → enter the examination room with the paper and pen provided
Find the corresponding position and sit down → introduce the test interface → try to answer (no scoring) → answer the question (you can mark the uncertain question, you can directly find the uncertain question, review) → fill out the questionnaire on the computer, about the various situations in the examination room Feedback→Show whether PASS
Exit the test room → return paper and pen → retrieve items → sign for to get back ID → receive test results by mail
The overall environment is good, and the examination room staff are also nice. My exam computer is a bit old, and the mouse clicks are not particularly clever. There will be a slight lag on the webpage. Just refresh the page. There is a webpage crash in the middle. If you encounter this situation, don't panic. Raise your hand to indicate that the staff will solve it, and it will not be accounted for during this period. Entry time for the exam.
There is plenty of time for the exam and you can ask to go to the bathroom before the exam.
Don't be late, you won't be allowed to take the test if you are late. The first test I scheduled was because the door of the gas station was locked and missed for almost an hour. To re-appoint, you must call PSI the next day or later to repay the fee and book a new time.
Main Contacts
Home Office 770-246-9889
General Licensing wfglicenseapps@transamerica.com