New Washington State Insurance Producer Testing Company & Exam as of July 1, 2015!

This post has been updated with new information on 6/29/15.

EXAM REGISTRATION

The current exam company, Pearson VUE, will continue to accept reservations and will provide the insurance producer exams through Saturday, June 27, 2015. If you would like to schedule your exam date for July 1st or later, you will need to contact the new testing company, PSI Services (PSI), to make your reservation. PSI will begin to accept reservations on June 15th for exam dates July 1st or later.

Students will be expected to know the new outline for tests as of July 1, 2015 and will be taking their producer exam(s) at a PSI Services test center. PSI will have 10 locations throughout the state where you can take your insurance producer exam. Those locations are: Burlington, Ellensburg, Everett, Federal Way, Olympia, Richland, Spokane, Tacoma, Vancouver, and Yakima.

If you live in the Seattle or Bellevue area, the closest testing locations will be Everett and Federal Way. Once we are notified of the address and contact information for these testing centers, we will post them here on our blog.

NEW TESTING LOCATIONS:

1010 S.E. Everett Mall Way, Suite 208
Everett, WA 98208

– Directions to Everett insurance testing center

See PSIexams.com for other locations.

INSURANCE PRODUCER EXAM STUDY MATERIALS

UPDATE – Yes, the new information is available online. We are constantly updating our questions to provide our students with the best possible learning experience.

The new insurance producer exam content outline will become available June 15th. This outline will show what insurance topics could potentially be on any given exam. You can be confident that Slater All Lines Insurance School will be providing the most up-to-date study material to help our students get through the exam. The Washington State Commissioner’s office has said that there will be some changes to the General Content outline, but the state-specific content should remain the same.

Did you know that:

Slater All Lines Insurance School let’s its live lecture students audit the class as many times as needed within the first six months of their original class date. That means that if you feel you would like a class or topic refresher, you can sit back through whichever class day you would like, at no charge within the first six months. Contact us for details.

THE TEST STRUCTURE HAS CHANGED

For a very long time now, each insurance producer exam had two parts: a state-specific portion and a general-knowledge portion. And in order to receive a passing score, one needed a minimum of 75% on each portion (state and general). For exams taken on July 1st or after, the new test will be in effect. This new testing structure is not divided into separate portions. It will be one exam that encompasses the state and general portions. Also, a minimum score of 70% will be required in order to pass, not 75% like the current rule.

NEW TEST STRUCTURE & COST:

Single Line Exams:
Life, Disability, Property, Casualty, or Personal Lines Producer.

The state exam for each single line of insurance consists of a total of 110 questions, 10 of which are experimental questions and will be nonscorable. The cost for a single line exam is $45.00 and you have 150 minutes to complete it.

Combination Exams:
Property and Casualty Producer or Life and Disability Producer

The state exam for combinations have a total of 160 questions, 10 of which are experimental and will be nonscorable. The cost for a combination exam is $62.00 and you will have 195 minutes to complete it.

Did you know that: Within six months of ordering our Self-Study materials, you can attend a live lecture class for just the difference in tuition. We will give you credit for the amount you paid for self-study, good to use towards any live-lecture class tuition.

RETAKING YOUR EXAM BEFORE JUNE 27th

If you have to retake your test because you failed one or both portions prior to July 1st, you will have until June 27th to retake the exam that is currently being proctored by Pearson VUE (two separate content portions and a minimum of 75% to pass). However, if you need to retake your exam and you schedule the exam for July 1st or later, then you will be required to retake the entire new exam, that contains the new content and that has the new structure referenced above.

If you attended our live insurance class or purchased our insurance self-study materials from Slater All-Lines Insurance School, we will be happy to provide you with the updated content. Please email or call us for more information.

Did you know that:

Slater All Lines Insurance School will grant an extra 30 days of access to their Online Classroom for those students who request more time to study. If more time that that is needed, you can upgrade your package and receive an additional 90 days of access for only $50. Contact us for details.

A Sneak Peek inside the Disability Insurance Course (Part 1):

PART 1 - DISABILITY INSURANCE CLASS

Our main goal at Slater All Lines Insurance School is to teach our students the information they need to pass the Washington State Insurance Producer Exam. This is Part 1 of our new Insurance Exam Sneak Peak series. We want to provide students with an inside look at some of the topics covered in our Insurance Exam Classes.

What is a Health Savings Account (HSA)?

A Health Savings Account lets qualifying individuals save and pay for medical expenses using money that is tax deductible. As long as it is used for qualified medical expenses, the money also stays tax free when it is withdrawn. There are annual contribution limits.

A health savings account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an HSA. No permission or authorization from the IRS is necessary to establish an HSA. You set up an HSA with a trustee. A qualified HSA trustee can be a bank, an insurance company, or anyone already approved by the IRS to be a trustee of individual retirement arrangements (IRAs) or Archer MSAs. The HSA can be established through a trustee that is different from your health plan provider.

What are the benefits of an HSA?

  • You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you do not itemize your deductions on Form 1040.
  • Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income.
  • The contributions remain in your account until you use them.
  • The interest or other earnings on the assets in the account are tax free.
  • Distributions may be tax free if you pay qualified medical expenses.
  • An HSA is “portable.” It stays with you if you change employers or leave the work force.

The HSA is simply a tax-free savings account that is designed to work together with a high-deductible health plan. The HSA covers routine medical expenses while the accompanying insurance policy protects against major medical or catastrophic events.

Enroll in our next Disability Class