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Producer License, Individual - Initial
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| Applicable to: |
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Individuals, at least 18 years of age and of good moral character. |
| Description: |
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Application for first-time license, amendment and reinstatement; fees; license requirements; miscellaneous forms and links. License to solicit, negotiate or sell Life/Accident & Health, Property/Casualty, Personal Lines, Variable Life/Variable Annuities, Credit and/or Travel coverage.
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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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Licenses expire on licensee's birthday, every other year. During the transition period, refer to the expiration date on the license. |
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| Prerequisites: |
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Residents: Education & exam required for Life, Accident/Health, Property, Casualty, Personal Lines.*
Nonresidents: Equivalent license in "resident" state required.
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| Required Documentation: |
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Application, fee and any documentation required based on a "yes" answer to a question.
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| Other Information: |
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PRELICENSE EDUCATION REQUIREMENT:
Combo Courses:
80 hrs Life/Accident & Health
80 hrs Property/Casualty
Single Courses:
40 hrs each Life, Accident & Health, Property, Casualty, Personal Lines
EXEMPTIONS:
PRELICENSE EXEMPTION: The prelicense course is waived for Producer license applicants:
ACCIDENT/HEALTH - for any applicant who has been awarded the professional designation of CEBS, CLU, HIA, REBC and/or RHU and provides a current Letter of Designation.
LIFE - for any applicant who has been awarded the professional designation of CEBS, ChFC, CIC, CFP, CLU, FLMI and/or LUTCF and provides a current Letter of Designation.
PROPERTY/CASUALTY and PERSONAL LINES - for any applicant who has been awarded the professional designation of AAI, ARM, CIC and/or CPCU and provides a current Letter of Designation.
NONRESIDENT APPLICANTS - Nonresident applicants must hold an equivalent license thi their "home" state.
EXAMINATION EXEMPTIONS - The examination requirement is waived for the following Producer license applicants:
ACCIDENT/HEALTH - for any applicant who has been awarded the professional designation of CLU and provides a current Letter of Designation.
LIFE - for any applicant who has been awarded the professional designation of CLU and provides a current Letter of Designation.
PROPERTY/CASUALTY and PERSONAL LINES - for any applicant who has been awarded the professional designation of CPCU and provides a current Letter of Designation.
NONRESIDENT APPLICANTS - Nonresident applicants must hold an equivalent license in their "home" state.
INSURANCE COMPANY APPOINTMENT REQUIRED TO ACT ON BEHALF AN INSURER OR ITS PRODUCTS:
To act on behalf of any insurer, one must hold an active Agent appointment from each insurance company they wish to represent. Refer to Bulletin L-11.
LONG-TERM CARE REQUIREMENTS:
To solicit negotiate or sell long-term care products, one must hold an active Producer license with Accident/Health authority.
To solicit, negotiate or sell CT Partnership for Long-Term Care products, one must have completed the Connecticut Partnership course. See link to CT Partnership, below.
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.
For registration with this Department, please select the ONLINE CHANGE FORM (Update License Information) 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.
LIFE SETTLEMENTS: Effective October 1, 2008, Producers who wish to transact Life Settlements, and who have held a Producer license with Life authority in their resident state continuously for at least one year, may register to add Life Settlement authority to their Producer license. All other must obtain a separate Life Settlement Broker license. Go to: http://www.ct.gov/cid/cwp/view.asp?a=1266&Q=423032 for details.
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| Applications, Forms & Other: |
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ONLINE APPLICATION (Adjusters, Appraisers, Consultants, Life Settlement Brokers, Resident Producers, Reinsurance Intermediaries, Surplus Lines Brokers)
ONLINE APPLICATION (Nonresident Producers ONLY)
ONLINE CHANGE FORM (Update License Information)
ONLINE REGISTRATION (Register/Manage Assumed/Trade/DBA Names)
PAPER APPLICATION
REQUEST FORM (Certification/Clearance Letter)
REQUEST FORM (Duplicate License)
REQUIREMENTS (Agent/Agency Appointment with Insurance Company)
REQUIREMENTS (Change in Resident State)
REQUIREMENTS (Connecticut Partnership for Long-Term Care)
REQUIREMENTS (Continuing Education - Resident Prdoucers ONLY)
REQUIREMENTS (Prelicensing)
Telemarketer (Requirements & Information)
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| Application Fee: |
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Eff Oct 1 2009 - $140 Initial; $130 Reinstatement and/or Amendment; 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: 10/29/2009
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