Puerto Rico Resident Licensing for Individuals

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State Announcements

Posted 9/20/2016

Puerto Rico application processing may be delayed due to temporarily closing of the Office of the Commissioner of Insurance for severe weather conditions.

Primary Rules (Individual)

Response Question
Yes Accepts initial license for individuals electronically.
Yes Accepts major lines of authority.
Yes Accepts limited lines of authority.
Yes Accepts surplus lines for individuals.
Yes Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate/reapply through NIPR's Resident License (RL) Application.
Yes License printing available electronically.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Individual)

Applicant must be at least eighteen (18) years old or older as determined from the applicant's date of birth.

There must be no serious RIRS actions or SAD actions for the applicant. Please contact the state for additional information, if applicable.

Applicant must pass required exam for all license types listed in State Offerings section, with the exception of Authorized Person - Fraternal Life and Authorized Representative - Fraternal Life license types. Exams for Puerto Rico are valid for five (5) years.

Applicants are allowed to use the Resident License (RL) Application after thirty (30) days past the expiration date to reinstate license up to five (5) years without having to retake any exams and are in CE compliance. If license has expired and is within thirty (30) days from expiration date use Resident License Renewal (RLR) Application.

Applicants with a revoked or suspended license in any state must contact Puerto Rico directly to apply for a resident license or amend.

If license has a status reason of voluntary surrender applicant may use Resident License (RL) Application.

All amendment applications will be deferred to the state for review.

Authorized Person license may not be held simultaneously with any license type outside of Attorney In Fact.

Authorized Person must list only one (1) affiliation. More than one (1) affiliation is not permitted.

Authorized Representative may not be held simultaneously with insurance producer or Authorized Person license.

Consultant applicants are required to submit a $25,000.00 bond to the state. Application will be deferred to the state for verification.

General Agent license may not be held simultaneously with authorized person or insurance producer license.

Independent Adjusters and Public Adjusters may not hold any other license type concurrently.

Insurance Consultant license may not be held simultaneously with any license type outside of insurance producer.

Manager license may not be held simultaneously with Authorized Person or insurance producer license.

insurance producer or Provisional Producer applying for Agricultural, Marine and Transportation, Surety, and/or Vehicle lines of authority (LOAs) must hold Property and Casualty both single or combined LOAs with in the same class or be applying for at the same time.

Property or Casualty LOA applicants cannot apply if they actively hold a combined Property and Casualty LOA and vice-versa.

Provisional Authorized Representative applicants may only apply once a year per LOA.

Provisional Authorized Representative license applications will be deferred to the state for review and verification that the LOAs requested are tied to an exam record, unless for hardship license.

Provisional Authorized Representative and Provisional Producer application fees will be collected by Puerto Rico and not NIPR. The application will pend until the fees are submitted to the state by the applicant. For any questions please contact Puerto Rico directly. NIPR transaction & processing fees will still apply.

Public Adjuster applicants are required to submit a $10,000.00 bond to the state. Application will be deferred to the state for verification.

Surplus Lines Broker applicants must hold an active insurance producer or Authorized Representative license to apply and are required to hold a $25,000 bond. Applications will be deferred to the state for verification.

Variable applicants must hold active Life LOA (within the same class) or be applying for Life at the same time.

Viatical Settlements Investment Agent applicants must hold active Authorized Representative license with Life and Variables LOAs to apply.

Applicant must have an appointment with an insurer for the following license classes to become a valid license: Authorized Representative, Attorney-In-Fact, General Agent, Limited Rental, Limited Travel or Manager. Please be sure to submit application for appointment once the license is approved and is displaying on the insurance producer Database. If the license is not displaying on the Producer Database, the appointment will be declined.

If applicant answers no to “Are you a US Citizen?”, applicant must send proof of U.S. Employment Authorization to Puerto Rico.

If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax.

State Offerings (Individual)

Please note that license class names can vary by state.

License Class Line of Authority (LOA) Major/Limited/Other *
Insurance Producer Life Major
Insurance Producer Health Services Major
Insurance Producer Property Major
Insurance Producer Casualty Major
Insurance Producer Property & Casualty Major
Insurance Producer Variables Major
Insurance Producer Surety Limited
Insurance Producer Agricultural Other
Insurance Producer Fraternal Life Other
Insurance Producer Disability Other
Insurance Producer Marine & Transportation Other
Insurance Producer Title Other
Insurance Producer Malpractice Other
Insurance Producer Reinsurance Other
Insurance Producer Vehicle Other
Attorney-in-Fact Attorney-in-Fact Other
Authorized Person Agricultural Other
Authorized Person Vehicle Other
Authorized Person Reinsurance Other
Authorized Person Automobile & Accidents Other
Authorized Person Disability Other
Authorized Person Fraternal Life Other
Authorized Person Health Services Other
Authorized Person Life Other
Authorized Person Limited Life Other
Authorized Person Limited Rental Other
Authorized Person Limited Travel Other
Authorized Person Marine & Transportation Other
Authorized Person Marine, Transportation, Fire & Allied Lines Other
Authorized Person Property Other
Authorized Person Casualty Other
Authorized Person Property & Casualty Other
Authorized Person Surety Other
Authorized Person Title Other
Authorized Person Variables Other
Authorized Person Viatical Settlements Other
Authorized Representative Disability Other
Authorized Representative Fraternal Life Other
Authorized Representative Health Services Other
Authorized Representative Life Other
Authorized Representative Malpractice Other
Authorized Representative Property & Casualty Other
Authorized Representative Title Other
Authorized Representative Variables Other
General Agent General Agent Other
Insurance Consultant General Other
Insurance Consultant Life Other
Independent Adjuster Automobile & Accidents Other
Independent Adjuster Marine, Transportation, Fire and Allied Lines Other
Manager Manager Other
Provisional Authorized Representative Disability Other
Provisional Authorized Representative Fraternal Life Other
Provisional Authorized Representative Agricultural Other
Provisional Authorized Representative Health Services Other
Provisional Authorized Representative Life Other
Provisional Authorized Representative Marine and Transportation Other
Provisional Authorized Representative Property Other
Provisional Authorized Representative Casualty Other
Provisional Authorized Representative Property & Casualty Other
Provisional Authorized Representative Surety Other
Provisional Authorized Representative Title Other
Provisional Authorized Representative Variables Other
Provisional Authorized Representative Vehicle Other
Public Adjuster Automobile & Accidents Other
Reinsurance Intermediary Manager Reinsurance Other
Reinsurance Intermediary Producer Reinsurance Other
Solicitor Disability Other
Solicitor Agricultural Other
Solicitor Fraternal Life Other
Solicitor Health Services Other
Solicitor Life Other
Solicitor Marine and Transportation Other
Solicitor Property Other
Solicitor Casualty Other
Solicitor Property & Casualty Other
Solicitor Surety Other
Solicitor Title Other
Solicitor Variables Other
Surplus Lines Broker None Other
Viatical Settlements Broker Viatical Settlements Other
Viatical Settlements Investment Agent Viatical Settlements Other
Provisional Producer Agricultural Other
Provisional Producer Casualty Other
Provisional Producer Disability Other
Provisional Producer Fraternal Life Other
Provisional Producer Health Service Other
Provisional Producer Life Other
Provisional Producer Malpractice Other
Provisional Producer Marine and Transportation Other
Provisional Producer Property & Casualty Other
Provisional Producer Property Other
Provisional Producer Reinsurance Other
Provisional Producer Surety Other
Provisional Producer Title Other
Provisional Producer Variables Other

* Applications for Other lines of authority will defer to state for approval.

License Fees (Individual)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class / LOA Combination Fee * Reinstatement Fee * Amendment Fee *
Insurance Producer / All LOAs $1,050.00 $1,050.00 $0.00
Authorized Person / All LOAs $0.00** $0.00** $0.00
Authorized Representative / All LOAs $314.00 $314.00 $0.00
Attorney-in-Fact / Attorney-in-Fact $210.00 $210.00 $0.00
Independent Adjuster / All LOAs $420.00 $420.00 $0.00
Insurance Consultant / All LOAs $840.00 $840.00 $0.00
General Agent / General Agent (A) $2,102.00 (1-2) Appts,
(B) $10,514 (3+) Appts
(A) $2,102.00 (1-2) Appts,
(B) $10,514 (3+) Appts
$0.00
Limited Life/ Limited life $630 $630 $0.00
Manager / Manager (A) $2,102.00 (1-2) Appts,
(B) $10,514 (3+) Appts
(A) $2,102.00 (1-2) Appts,
(B) $10,514 (3+) Appts
$0.00
Provisional Producer / All LOAs $150.00 N/A $0.00
Provisional Authorized Representative / All LOAs $150.00 N/A $0.00
Public Adjuster / All LOAs $420.00 $420.00 $0.00
Reinsurance Intermediary Manager / Reinsurance (A) $2,102 for 1-2 appts,
(B) $10,514 for 3 or more appts
(A) $2,102 for 1-2 appts,
(B) $10,514 for 3 or more appts
$0.00
Reinsurance Intermediary Producer / Reinsurance $1,050.00 $1,050.00 $0.00
Solicitor / All LOAs $104.00 $104.00 $0.00
Surplus Lines Broker / None $1,050.00 $1,050.00 $0.00
Viatical Settlements Broker / Viatical Settlements $1,050.00 $1,050.00 $0.00
Viatical Settlements Investment Agent / Viatical Settlements $1,050.00 $1,050.00 $0.00

* Per application.

** Fee is paid by affiliated business entity.

(A)(B) Based on answer to non-uniform question within the application.

The fee for the Provisional licenses application will be collected directly by Puerto Rico and not NIPR. Please contact Puerto Rico directly with any questions.

Prorating fees apply only to individual Authorized Representatives, insurance producers, Solicitors, Adjusters, General Agents, Managers, And Attorney-In-Fact, Consultant, Surplus Lines Broker, Viatical Settlements Investment Agent, Viatical Settlements Broker, Limited Licenses and Reinsurance Intermediary Manager.

Contacts

Last Update: 9/08/2017

Puerto Rico Resident Licensing for Business Entities

APPLY HERE

Primary Rules    |   License Printing    |   Business Rules   |   State Offerings   |   License Fees   |   Contacts & FAQs

State Announcements

Posted 9/20/2016

Puerto Rico application processing may be delayed due to temporarily closing of the Office of the Commissioner of Insurance for severe weather conditions.

Primary Rules (Business Entity)

Response Question
Yes Accepts initial license for business entities electronically.
Yes Accepts major lines of authority.
Yes Accepts limited lines of authority.
Yes Accepts surplus lines for business entities.
Yes Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate/reapply through NIPR's Resident License (RL) Application.
Yes License printing available electronically.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Business Entity)

There must be no serious RIRS actions or SAD actions for the applicant. Please contact the state for additional information, if applicable.

Business entities must be registered with the Secretary of State prior to becoming licensed in Puerto Rico. All applications will be deferred for verification.

All amendment applications will be deferred to the state for review. The fee for the business entity application will be collected directly by Puerto Rico and not NIPR. The application will pend until Puerto Rico has received all fees. Please contact Puerto Rico directly with any questions.

Applicants with a revoked or suspended license in any state must contact Puerto Rico directly to apply for a resident license or amend.

Applicant must have an appointment with an insurer for the following license classes to become a valid license: Authorized Representative, Attorney-In-Fact, General Agent, Limited Rental, Limited Travel or Manager. Please be sure to submit application for appointment once the license is approved and is displaying on the insurance producer Database. If the license is not displaying on the Producer Database, the appointment will be declined.

Authorized representative may not be held simultaneously with insurance producer or authorized person license.

Consultant applicants are required to submit a $25,000.00 bond to the state. Application will be deferred to the state for verification.

General Agent license may not be held simultaneously with an insurance producer license.

Independent Adjusters and Public Adjusters may not hold any other license type concurrently.

Insurance Consultant license may not be held simultaneously with any license type outside of insurance producer.

Manager license may not be held simultaneously with an insurance producer license.

Property or Casualty line of authority (LOA) applicants cannot apply if they actively hold a combined Property and Casualty LOA and vice-versa.

Public Adjuster applicants are required to submit a $10,000.00 bond to the state. Application will be deferred to the state for verification.

Surplus Lines Broker applicants must hold an active insurance producer or Authorized Representative license to apply and are required to hold a $25,000 bond. Applications will be deferred to the state for verification.

Variable applicants must hold active Life LOA (within the same class) or being applying for life at the same time.

Viatical Settlements Investment Agent applicants must hold active Authorized Representative license with life and Variables LOAs to apply and must provide one (1) Designated Responsible Licensed Producer (DRLP) with an active Authorized Person/Life license.

At least one (1) DRLP is required on the application and at least one (1) should be listed as a director, officer, partner, or owner.

DRLPs provided in the application for any license type must hold an active Authorized Person license in Puerto Rico and hold all LOAs requested in the business entity application with the exception of license types that have an LOA of none. If license type has an LOA if none, LOAs are not validated.

Applicants requesting the LOA of Malpractice must list a DRLP that holds an active Authorized Person with Casualty LOA in Puerto Rico.

If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax.

State Offerings (Business Entity)

License Class Line of Authority (LOA) Major/Limited/Other * DRLP Required
Insurance Producer Life Major Yes
Insurance Producer Health Services Major Yes
Insurance Producer Property Major Yes
Insurance Producer Casualty Major Yes
Insurance Producer Property & Casualty Major Yes
Insurance Producer Variables Major Yes
Insurance Producer Surety Limited Yes
Limited Rental Limited Rental Limited Yes
Limited Travel Limited Travel Limited Yes
Insurance Producer Agricultural Other Yes
Insurance Producer Fraternal Life Other Yes
Insurance Producer Disability Other Yes
Insurance Producer Marine & Transportation Other Yes
Insurance Producer Title Other Yes
Insurance Producer Malpractice Other Yes
Insurance Producer Reinsurance Other Yes
Insurance Producer Vehicle Other Yes
Authorized Representative Disability Other Yes
Authorized Representative Fraternal Life Other Yes
Authorized Representative Health Services Other Yes
Authorized Representative Life Other Yes
Authorized Representative Malpractice Other Yes
Authorized Representative Property & Casualty Other Yes
Authorized Representative Title Other Yes
Authorized Representative Variables Other Yes
Authorized Representative Reinsurance Other Yes
Independent Adjuster Automobile & Accidents Other Yes
Independent Adjuster Marine, Transportation, Fire & Allied Lines Other Yes
Limited Life Limited Life Other Yes
Manager Manager Other Yes
Public Adjuster Automobile & Accidents Other Yes
Public Adjuster Marine, Transportation, Fire & Allied Lines Other Yes
Reinsurance Intermediary Manager Reinsurance Other Yes
Reinsurance Intermediary Producer Reinsurance Other Yes
Surplus Lines Broker None Other Yes
Viatical Settlements Broker Viatical Settlements Other Yes
Viatical Settlements Investment Agent Viatical Settlements Other Yes

* Applications for Other lines of authority will defer to state for approval.

License Fees (Business Entity)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class / LOA Combination Fee * Reinstatement Fee * Amendment Fee *
Insurance Producer / All LOAs $2,102.00 $2,102.00 $0.00
Authorized Representative / All LOAs $630.00 (1-3) DRLPs
$314.00 additional for (3+) DRLPs
$630.00 (1-3) DRLPs
$314.00 additional for (3+) DRLPs
$0.00
General Agent (A) $2,102.00 (1-2) Appts,
(B) $10,514 (3+) Appts
In addition to:
$0 for up to 3 DRLPs or
$2,102 each DRLP
for 4 or more
(A) $2,102.00 (1-2) Appts,
(B) $10,514 (3+) Appts
In addition to:
$0 for up to 3 DRLPs or
$2,102 each DRLP
for 4 or more
$0.00
Independent Adjuster / All LOAs $420.00 per DRLP $420.00 per DRLP $0.00
Independent Consultant / All LOAs $840.00 per DRLP $840.00 per DRLP $0.00
Limited Life/ Limited Life $630 $630 $0.00
Limited Rental / Limited Rental $630.00 (1-25) Vehicles,
$314.00 for every additional block of (50) vehicles.
$630.00 (1-25) Vehicles,
$314.00 for every additional block of (50) vehicles.
$0.00
Limited Travel / Limited Travel $630.00 $630.00 $0.00
Public Adjuster / All LOAs $420.00 per DRLP $420.00 per DRLP $0.00
Reinsurance Intermediary Manager/ Reinsurance (A) $2,102 for 1-2 appts,
(B) $10,514 for 3 or more appts
In addition to:
$0 for up to 3 DRLPs,
$2,102 each DRLP for 4 or more
(A) $2,102 for 1-2 appts,
(B) $10,514 for 3 or more appts
In addition to:
$0 for up to 3 DRLPs,
$2,102 each DRLP for 4 or more
$0.00
Reinsurance Intermediary Producer/ Reinsurance $2,102.00 $2,102.00 $0.00
Surplus Lines Broker / None $1,050.00 $1,050.00 $0.00
Viatical Settlements Broker / Viatical Settlements $2,102.00 $2,102.00 $0.00
Viatical Settlements Investment Agency / Viatical Settlements $2,102.00 $2,102.00 $0.00

* Per application.

(A)(B) Based on answer to non-uniform question within the application.

Please note that although fees for business entity amendments are collected by Puerto Rico and not NIPR, there will be a NIPR fee assessed for electronic transactions. The application will pend until Puerto Rico has received all fees. Please contact Puerto Rico directly with any questions.

Contacts

Last Update: 9/08/2017

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