Which step is NOT part of the license application process for producers?

Obtaining a bachelor’s degree in finance is not a requirement in the license application process for producers in Indiana. The state does not mandate a specific degree for individuals seeking to be licensed as insurance producers; rather, the requirements focus on specific educational programs related to insurance and passing requisite assessments.

In Indiana, potential producers must typically complete a pre-licensing education program, submit nonrefundable fees, and take an assessment to demonstrate their knowledge and competency in the insurance field. These steps ensure that candidates are well-prepared for the responsibilities of the role and knowledgeable about the products and regulations relevant to insurance. Therefore, requiring a bachelor’s degree in finance is unnecessary and does not align with the actual licensing criteria set by the state.