The Oregon L&H path at a glance
Think of the Life & Health license as two lines bundled into one credential. Oregon lets you cover both with a single combined exam (Series 12-03), which is the route most people take when they want to sell life insurance, annuities, and health products without sitting two separate tests.
The full sequence is: finish your prelicensing course, pass the 12-03 exam at a PSI site (or by remote proctor), get fingerprinted, then submit your license application at NIPR.com. The Division of Financial Regulation - Oregon's insurance regulator - reviews the application and issues the license.
One detail trips people up: your Certificate of Completion from prelicensing is good for exactly one year. You must pass the exam AND apply for the license before that certificate expires, or you start prelicensing over.
What's on the 12-03 exam
The combined Life & Health exam is 150 scored questions with a 2-hour-40-minute time limit. A handful of unscored experimental questions may be mixed in - they don't count, so don't sweat them.
The exam blends two blueprints. The life side leans heavily on policy types and provisions: Life Insurance Basics (~20%), Types of Life Policies (~20%), and Policy Provisions, Options & Riders (~25%) are the heavyweight domains, with Annuities (~11%) and Federal Tax (~6%) rounding it out.
The health side weights Medical Plans (~18%), Accident & Health basics (~15%), Individual Policy Provisions (~14%), Disability Income (~10%), Specialized/Senior coverage like Medicare and LTC (~9%), and Group Health (~6%).
Both halves sit on top of the shared Insurance Regulation and General Insurance Concepts material that every Oregon producer exam includes.
Prelicensing education: 40 hours
Oregon requires 20 hours of prelicensing per line of authority. Because Life & Health is two lines, the combined requirement is 40 hours of state-approved coursework.
You take the course through an approved provider, and they issue your Certificate of Completion. Bring that certificate (electronic or printed - both are accepted) to the test center on exam day; you can't sit the exam without it.
Holders of the CLU designation can waive prelicensing for the Life, Health, or Life & Health producer license - you submit verification of the designation with your application instead.
TESTivity recommends [Achievable](https://app.achievable.me/study/insurance-life-health/purchase#a_aid=getthelicense) to satisfy your Oregon pre-licensing requirement. Achievable is an approved provider, its insurance courses were built by the same subject-matter expert behind TESTivity, and completing the Achievable course earns you the certificate of completion Oregon requires.
One important distinction: TESTivity is not an approved pre-licensing provider in Oregon and does not issue certificates of completion. The TESTivity learning tools and study packages will absolutely help you pass the exam — but treat them as a supplement to your Achievable course, not a substitute for it.
Disclosure: TESTivity has a partnership with Achievable and may earn a commission if you enroll through links on this page.
Fingerprints and background check
Every first-time Oregon applicant submits fingerprints for a state and national criminal background check. In Oregon these are captured electronically at a PSI test site - conveniently, you can do them the same day as your exam.
The fingerprint fee is $61.25, paid to PSI at the site (money order, cashier's/company check, Visa, or MasterCard). That covers the $46.25 state processing fee plus PSI's $15 fee. Budget up to four weeks for the results to clear.
If you already hold a valid Oregon insurance license and are just adding another class, you do not need to be reprinted.
Scheduling and exam-day logistics
Register and schedule through PSI at test-takers.psiexams.com/orins, or by phone at (855) 340-3901. You choose a test center or a live remote-proctored session when you book.
Arrive 30 minutes early with a valid, unexpired government photo ID whose first and last name match your registration exactly, plus your Certificate of Completion. Show up late or without proper ID and you forfeit the fee.
You get a 15-minute tutorial that doesn't count against your time, scratch paper and a pencil at a test center, and your pass/fail result on screen immediately - with an emailed score report and, if you fail, a diagnostic breakdown by topic.
Eligibility is good for one year and you can retake an unlimited number of times within it (paying each time), but never the same day - the soonest retake is roughly two days later.
Applying for the license
Once you pass, apply online at NIPR.com. The resident producer license runs $75 ($30 application + $45 license fee to DCBS) plus NIPR's small processing fee.
To qualify you must be at least 18 and either an Oregon resident or maintain a place of business in Oregon. NIPR verifies your passing exam at submission - if it isn't on record yet the application sits pending, so it's cleanest to apply after your score posts.
To actually transact insurance you also need to be appointed by (employed with or under contract to) an authorized insurer or licensed agency. You keep the license without an appointment, but you can't write business until one is in place.
Continuing education and renewal
Oregon producers complete 24 hours of CE every two-year renewal cycle, including at least 3 hours of ethics and 3 hours on Oregon statutes and administrative rules.
Your license renews on the last day of your birth month, every two years. Helpfully, holding more than one line (say L&H and P&C) does not double the requirement - it's still 24 hours total.
A few rules to plan around: no carryover of excess hours to the next term, no taking the same course twice in one term, and a maximum of 8 credit hours earned in a single day.
Oregon-specific L&H rules worth knowing
The Oregon Life & Health Insurance Guaranty Association (ORS 734.750-.890) protects policyholders if a member life/health insurer becomes insolvent - expect questions on its purpose and coverage limits.
Replacement rules and life-insurance illustration standards are tested closely on the state portion, along with life settlements regulation and the accelerated (living) benefit provisions.
On the health side, know the ACA essential health benefits and metallic coverage levels, Oregon's Health Insurance Marketplace, HIPAA portability and privacy, Medicare and standardized Medicare Supplement plans, and Oregon's small-employer and group continuation/conversion rules.
Suitability standards apply to both annuity and life sales - Oregon adopted the best-interest framework, which is why the annuity training gate exists.
Quick Reference
Official Links
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