Veterans pursuing a license to work in the insurance industry can get reimbursed for the exam fee starting Jan. 1, according to the Hawaii Insurance Division.
The state says it received approval from the U.S. Department of Veteran Affairs to offer reimbursements for the cost of the exam. The VA will only pay for the examination fee. Other fees associated with obtaining a license are not reimbursable.
“We are appreciative of this approval,” said Hawaii Insurance Commissioner Gordon Ito in a press release. “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, with no limits to the number of exams taken or number of times an individual takes the same test. The VA will reimburse the fee even if an individual fails the exam.
Payment will be issued after required information is submitted to the VA.
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.
To apply for reimbursement, visit the VA’s website or call 1-844-MyVA311 (1-844-698-2311).