Does a currently licensed surplus line broker who is not also licensed as a fire and casualty broker-agent have to apply for a fire and casualty broker-agent license?
Yes, to continue to act as a surplus line broker, as of January 1, 2008, the surplus line broker will need to complete the following steps to receive a fire and casualty broker-agent license: Step 1: Either go to the CDI Website and submit an application through the Online application service (FLASH) or submit an Individual Application for Insurance License, Form LIC 441-9. For both methods, mark the fire and casualty broker-agent box. Step 2: Include the $144 license fee with the application. Step 3: Any surplus line broker organization for which the broker will be transacting on their behalf will need to submit a broker endorsement, Form LIC 411-8A. When terminating a broker, surplus line broker agencies will need to submit an agent termination, Form LIC 411-8T. The fee for submitting either of these forms is $24. However, during this transition, if the surplus line broker is currently named as a transactor on a surplus line broker organization license, a broker endorsement form is n
Related Questions
- For a fire and casualty broker-agent that transacts on behalf of a surplus line broker organization, what does the broker-agent have to do to apply for a surplus line broker license?
- Would the surplus line broker have his or her license canceled if their fire and casualty broker-agent license is inactivated due to a late renewal or other circumstances?
- Does a currently licensed surplus line broker who is not also licensed as a fire and casualty broker-agent have to apply for a fire and casualty broker-agent license?
