RELEASE: REIMBURSEMENT FOR VETERANS’ INSURANCE LICENSING EXAMINATIONSPosted on Dec 22, 2017 in Latest Department News
REIMBURSEMENT FOR VETERANS’ INSURANCE LICENSING EXAMINATIONS
HONOLULU – Examinations required for licensure by the Insurance Division, Department of Commerce and Consumer Affairs, have been officially approved by the U.S. Department of Veteran Affairs (“VA”) under the GI Bill® Reimbursement Program as eligible for examination fee reimbursement, effective Jan. 1, 2018.
Veterans who take a Hawaii insurance licensing examination required by the Insurance Division can be reimbursed for the cost of the exam. However, the VA will pay only the examination fee. Fees associated with obtaining a license are not reimbursable. Payment will be issued after required information is submitted to the VA.
“We are appreciative of this approval,” said Hawaii Insurance Commissioner Gordon Ito. “We want to encourage and assist our veterans to pursue a career in insurance. Employment in the insurance industry is not often considered. However, the industry, even on the regulatory side, provide excellent career opportunities. With the looming retirement of many in the industry, upward mobility is evermore present.”
The VA will reimburse veterans for the cost of each licensing examination taken. There is no limit to the number of examinations taken or number of times an individual takes the same test. The examination fee will be reimbursed by the VA even if an individual fails the examination.
The following insurance licensing examinations qualify for reimbursement:
• HI Life Producer
• HI Accident & Health Producer
• HI Property Producer
• HI Casualty Producer
• HI Surety Producer
• HI Title Producer
• HI Personal Lines Producer
• HI Adjuster
• HI Workers Comp Adjuster
For more information about the reimbursement of licensing examination fees, or to apply for reimbursement, visit the VA’s website at: https://www.benefits.va.gov/gibill/licensing_certification.asp or call 1-844-MyVA311 (1-844-698-2311).
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The Hawaii Insurance Division oversees the Hawaii insurance industry, issues licenses; examines the fiscal condition of Hawaii-based companies; reviews rate and policy filings; and investigates insurance related complaints.
Department of Commerce and Consumer Affairs
Email: [email protected]
Office: (808) 586-7582
Cell: (808) 389-2788