Insurance Agency License Renewal
If you have not received a renewal notification by may.
Insurance agency license renewal. License renewals | sircon powered by vertafore. Renewal notices are sent at least 30 days prior to renewal and producers can also renew online for current renewal cycles without waiting for the renewal invoice. Must renew your producer property and casualty license at the same time or prior to renewing your surplus lines license.
Insurance for new agency applications, you do not have to submit a valid certificate of general liability insurance, unless you wish to. Surplus lines individual and business entity producers are required to complete the annual renewal process as indicated on the renewal information web page. Agency or broker licenses will likewise lapse until your producer license is reinstated.
9 (2020), the suspension of the expiration of all individual producer licenses ceased effective september 6, 2020. If your agency or the companies who have appointed you require verification of the renewal period, you may click on the license status field in our insurance licensee search to verify. An insurance producer who places insurance either directly or indirectly with an insurer with which the insurance producer does not have an agent contract must maintain in force while licensed a bond in favor of the people of the state of illinois executed by an authorized surety company and payable to any party injured under the terms of the bond.
$75 fee required for license that has been expired for more than 90 days but less than one year. You cannot continue conducting insurance business with a lapsed license. Adjuster license renewal fees are $50 plus a $25 technology surcharge.
Renew your insurance license if you have more than a month to renew. Please be prepared and stay ahead by renewing early to avoid any delays or disruptions to your license. The requirements and fees for license renewal vary by insurance category.
2018 business entity license renewal notification surplus lines business entity licenses renew annually on september 1. An application for an insurance agency license must be signed by an individual listed as an officer/director on the application, who directs or participates in the management or control of the agency. Resident producers and resident adjusters please verify your ce transcript on sircon.