Insurance Agent in Rhode Island
Requirements, salary data, licensing costs, and career ROI for RI
How to Become an Insurance Agent in Rhode Island
To become a licensed Insurance Agent in Rhode Island, individuals must be at least 18 years old and pass the Rhode Island Insurance Producer Licensing Exam. While pre-licensing education is not mandatory, it is strongly recommended to prepare for the exam. After passing the exam, applicants must undergo a criminal background check and submit an application with the Rhode Island Department of Business Regulation - Insurance Division within one year of passing the exam. Rhode Island offers reciprocity with all other states for insurance producers, allowing licensed individuals from other states to obtain a Rhode Island license without re-examination, provided their home state license is in good standing and they apply for equivalent lines of authority.
Insurance Agent Requirements in Rhode Island
| Detail | Rhode Island |
|---|---|
| Licensing Body | Rhode Island Department of Business Regulation - Insurance Division |
| State License Required | Yes |
| Education | Not required, but highly recommended. |
| Exam | Rhode Island Insurance Producer Licensing Exam ($80) |
| Application Fee | $120 |
| Renewal | Every 2.0 years |
| Continuing Education | 24.0 hours per cycle |
| Notes | Minimum age 18. Requires a criminal background check (BCI) from the RI Attorney General's office, valid for 30 days. CE requirements include 3 hours of ethics and a minimum of 5 hours in each line of authority held. Resident producers must carry Errors and Omissions (E&O) insurance, but are not required to file proof with the department. Must apply for license within one year of passing the exam. |
Source: Rhode Island Department of Business Regulation - Insurance Division
Insurance Agent Salary in Rhode Island
The median insurance agent salary in Rhode Island is $74,360 per year, which is 23.2% above the national median of $60,370.
| Percentile | Annual Salary |
|---|---|
| 10th (entry level) | $44,470 |
| 25th | $49,890 |
| 50th (median) | $74,360 |
| 75th | $101,920 |
| 90th (experienced) | $132,240 |
Rhode Island employs approximately 1,860 insurance agents.
Insurance Agent Job Outlook
AI Impact on Insurance Agents
High AI Exposure (Score: 1.34/1.00)
Many tasks in this career are susceptible to AI automation. Long-term career planning should account for potential disruption.
Is Becoming an Insurance Agent in Rhode Island Worth It?
Factors to consider: Rhode Island's cost of living, the state licensing requirement, moderate job growth, elevated AI disruption risk, and your personal career goals.