How often are insurance licenses typically renewed?

Insurance licenses are typically renewed every two years on the individual’s birthday. This periodic renewal requirement is established to ensure that insurance agents and brokers remain current in their knowledge of insurance regulations, practices, and the market. This system promotes professional development and helps to maintain standards within the industry.

Other options, such as annual renewals or renewals every three or five years, are less common since they do not align with the standardized practices observed in most jurisdictions for insurance licensing. By renewing every two years, the process strikes a balance between allowing agents enough time to accumulate experience and training while also ensuring that they are regularly updated on relevant changes in laws and practices.