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Andrew R. Stolfi was appointed Department of Consumer and Business Services (DCBS) director in April 2020. He is also the state's insurance commissioner. He began with the department in February 2018 as Division of Financial Regulation administrator and insurance commissioner.
Our main function was to register insurers doing business in Washington state. In 1907, we became a separate agency and the people of Washington elected their first insurance commissioner. Insurance commissioners are elected every four years.
Washington State license number (WAOIC): The state license number our office issues to agents and companies authorizing them to sell insurance in Washington state.
An insurance broker makes money off commissions from selling insurance to individuals or businesses. Most commissions are between 2% and 8% of premiums, depending on state regulations. Brokers sell all insurance types, including health insurance, homeowner insurance, accident insurance, life insurance, and annuities.
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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 non score-able. The cost for a single line exam is $35.00 and you have 150 minutes to complete it.
The Office of the Insurance Commissioner (OIC) is the Washington State agency in charge of protecting insurance consumers and overseeing the insurance industry. They do a good job regulating insurance. They encourage the insurance industry to be fair and they insist the the insurance industry follow the rules.
How to Get Your Washington Insurance LicenseComplete an Insurance Prelicensing Course.Pass Your Washington Licensing Exam.Get Fingerprinted.Apply for a Washington Insurance License.Plan to Complete Required Insurance Continuing Education (CE) Credits.