Resident License
A resident license is an insurance license issued to producers and businesses for their state of principal residence or principal place of business.
Related to Licensing Compliance
To understand the scope of a resident license, one must account for the specific compliance triggers that govern its issuance and maintenance:
- Home State: The state of a producer’s legal residence or principal place of business, where a resident license is issued.
- Pre-Licensing Education (PE): State-required courses that must be completed before taking the exam to obtain a resident license.
- Continuing Education (CE): Ongoing educational requirements that must be met to keep a resident license active.
- Fingerprinting and Background Checks: Strategies used by the state to verify a producer’s criminal and financial history before granting a resident license.
- Non-Resident License: An insurance license that allows producers to conduct business in a state other than their home state.
People Also Ask
- Which resident license should I apply for?
Producers should apply for a resident license in their primary state of residence. Business entities should apply for a resident license in the state where their principal place of business is located. - How do I apply for a resident license?
Resident licenses can be applied for through the DOI of the resident state, or NIPR. - What happens to my non-resident licenses if my resident license expires?
If your resident license expires, your non-resident license will likely be made inactive or invalid, as they are granted based on resident licensing status. - Can I move my resident license to a new state without re-testing?
There are some exceptions, but most states do not require re-testing if your current license is active and in good standing.
