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Producer License, Firm - Initial
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| Applicable to: |
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All business names. Application for first-time license, amendment and reinstatement; fees; license requirements; miscellaneous forms and links. |
| Description: |
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License to solicit, negotiate or sell Life/Accident & Health, Property/Casualty, Personal Lines, Variable Life/Variable Annuities, Credit and/or Travel coverage under business name.
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| Statute: |
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CGS 38a-702, 782 |
| Transaction Type: |
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Initial |
| Duration: |
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Biennial. License expires January 31 of even-numbered years. |
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| Prerequisites: |
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Residents & Nonresidents: At least one owner, partner, officer, director or other designated responsible person must hold equivalent CT license.
Nonresidents require an equivalent license in their "resident" state. Variable Contracts requires NASD registration & Life authority.
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| Required Documentation: |
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Application, fee and any documentation required based on a "yes" answer to a question. CT is a nonaffiliation state; Producer affiliations, other than designees, do not need to be reported. Indvls must report chgs in biz addr et al.
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| Other Information: |
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USE OF ASSUMED NAMES (TRADE NAMES/DBA NAMES)
Connecticut no longer requires licensure of Trade Names or DBAs, as long as the business entity has the same Tax Identification Number as a Producer-licensed entity or individual; however, registration of assumed names is required.
To register a DBA name, select the ONLINE CHANGE FORM link below.
Prior to registering a DBA name with this Department, you need to determine if you are required to have a separate Tax Identification Number for your business name. Please check with your attorney, accountant, or visit the Internal Revenue Service web site's EIN requirements page Employer ID Numbers (EINs).
To determine if there are business name registration requirements in the town/city in which the business is located, please check with the town/city Clerk's office.
Please note, no insurance business can be conducted in this state through a business entity, or under a business name, unless the business name, its applicable designated responsible person(s), as well as any other individuals acting in this capacity are properly licensed, or in the case of a DBA name, registered.
Please refer to Insurance Department Bulletin L-11 regarding requirements for holding an insurance company appointment.
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| Applications, Forms & Other: |
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(ONLINE) Change Form (Update License Information)
(PAPER) Producer Firm License - Resident and Nonresident
ONLINE APPLICATION (Nonresident Producers ONLY)
ONLINE APPLICATION - Firm (Adjusters, Appraisers, Consultants, Life Settlement Brokers, Resident Producers, Reinsurance Intermediaries, Surplus Lines Brokers)
REQUEST FORM (Certification/Clearance Letter)
REQUEST FORM (Duplicate License)
REQUIREMENTS (Agent/Agency Appointment with Insurance Company)
STATUTES - Title 38a - Insurance
Telemarketer (Requirements & Information)
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| Application Fee: |
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Eff Oct 1 2009 - $130 payable to Treasurer, State of CT |
| Fee Exemptions: |
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None |
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| Agency: |
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Department of Insurance |
| Phone: |
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(860) 297-3845 |
| Mailing Address: |
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State of Connecticut Insurance Dept, Licensing Division (Standard Mail: PO Box 816, Hartford, CT 06142-0816) (Overnight Mail: 153 Market St, 7th Fl, Hartford, CT 06103) |
| Email Address: |
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cid.licensing@ct.gov |
| Website: |
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www.ct.gov/cid
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| Agency Notes: |
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None
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Last Updated: 3/4/2010
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