PUERTO RICO Resident License Renewal for Individuals

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State Announcements

There are no announcements for Puerto Rico at this time.

Primary Rules (Individual)

Response Question
Yes Accepts renewals for individuals electronically.
Yes Accepts renewals for major lines of authority.
Yes Accepts renewals for limited lines of authority.
Yes Accepts renewals for surplus lines for individuals.
Yes Applicant can late renew through NIPR's Resident License Renewal (RLR) Application.
No Partial renewals allowed.
Yes License printing available electronically.

License Printing

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

Renewal Period (Individual)

License Class Renewal Period Begins Renewal Period Ends Late Renewal Period
All License Classes Thirty (30) days prior to expiration. Expiration date. Up to thirty (30) days after expiration date.

Business Rules (Individual)

Applicant must be at least eighteen (18) years old 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 be in continuing education (CE) compliance prior to submitting renewal application. If CE has been completed, please allow two (2) to three (3) business days for it to post on PDB.

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

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

Applicants renewing Authorized Person licenses must complete the ‘Agency or Business Entity Affiliations’ page in the uniform application.

Life must be renewed simultaneously with Variables.       

Property & Casualty lines of authority (LOAs) are required when renewing Agricultural, Marine & Transportation, Surety, and/or Vehicle LOAs.

Applicant must reapply through NIPR's Resident License (RL) Application, thirty (30) days after expiration date or if license has a "voluntary surrender" status reason.

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.

Please check Announcements for any last minute notifications about the states to which you are applying.

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
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 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
Authorized Representative Reinsurance Other
Attorney-in-Fact Attorney-in-Fact Other
General Agent General Agent Other
Insurance Consultant General Other
Insurance Consultant Life Other
Independent Adjuster Automobile & Accidents Other
Independent Adjuster Marine, Transportation, Fire & Allied Lines Other
Limited Travel Limited Travel Other
Manager Manager 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

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

Renewal Fees (Individual)

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

License Class / LOA Combination Fee * Late Renewal *
Insurance Producer / All LOAs $1,050.00 $1,050.00
Authorized Person / All LOAs $0.00 Fee is paid by affiliation. $0.00 Fee is paid by affiliation.
Authorized Representative / All LOAs $314.00 $314.00
Attorney-in-Fact / Attorney-in-Fact $210.00 $210.00
General Agent / General Agent $2,102.00 for 1-2 appts
$10,514.00 for 3 or more appts
$2,102.00 for 1-2 appts
$10,514.00 for 3 or more appts
Insurance Consultant / All LOAs $840.00 $840.00
Limited Life/ Limited Life $630.00 $630.00
Manager / Manager $2,102.00 for 1-2 appts
$10,514.00 for 3 or more appts
$2,102.00 for 1-2 appts
$10,514.00 for 3 or more appts
Reinsurance Intermediary Manager $2,102.00 for 1-2 appts
$10,514.00 for 3 or more appts
$2,102.00 for 1-2 appts
$10,514.00 for 3 or more appts
Reinsurance Intermediary Producer $1,050.00 $1,050.00
Solicitor / All LOAs $104.00 $104.00
Viatical Settlements Broker/ Viatical Settlements $1,050.00 $1,050.00
Viatical Settlements Investment Agent / Viatical Settlements $1,050.00 $1,050.00
Limited Travel / Limited Travel $630.00 $630.00

* Per application.   

Contacts

Last Update: 9/08/2017

PUERTO RICO Resident License Renewal for Business Entities

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State Announcements  Aviso de la OCS

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 renewals for business entities electronically.
Yes Accepts renewals for major lines of authority.
Yes Accepts renewals for limited lines of authority.
Yes Accepts renewals for surplus lines for business entities.
Yes Applicant can late renew through NIPR's Resident License Renewal (RLR) Application.
No Partial renewals allowed.
Yes License printing available electronically.

License Printing

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

Renewal Period (Business Entity)

License Class Renewal Period Begins Renewal Period Ends Late Renewal Period
All License Classes Thirty (30) days prior to expiration. Expiration date. Up to thirty (30) days after expiration date.

Business Rules (Business Entity)

Applicant must reapply through NIPR's Resident License (RL) Application, thirty (30) days after expiration date or if license has a voluntary surrender status reason.

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 reapply through NIPR's Resident License (RL) Application, thirty (30) days after expiration date or if license has a “voluntary surrender” status reason.

Life must be renewed simultaneously with variables.       

Property & casualty lines of authority (LOAs) is required when renewing for agricultural, marine & transportation, surety, and/or vehicle LOAs.

At least one (1) Designated Responsible Licensed Producer (DRLP) must hold all LOAs requested on business entity application.

Business entity DRLP(s) must hold active authorized person license with casualty LOA.

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
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
General Agent General Agent Other Yes
Independent Adjuster Automobile & Accidents Other Yes
Independent Adjuster Marine, Transportation, Fire & Allied Lines Other Yes
Insurance Consultant General Other Yes
Insurance Consultant Life 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.

Renewal Fees (Business Entity)

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

License Class / LOA Combination Fee * Late Renewal *
Insurance Producer / All LOAs $2,102.00 if written premium is greater than $1M + $1,050.00 for each DRLP over three (3). $2,102.00 if written premium is greater than $1M + $1,050.00 for each DRLP over three (3).
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
Independent Adjuster / All LOAs $420.00 per DRLP $420.00 per DRLP
Insurance Consultant / All LOAs $840.00 per DRLP $840.00 per DRLP
General Agent / General Agent $2,102.00 for 1-2 appts
3+ appts, additional fees will be collected by the state.
$2,102.00 for 1-2 appts
3+ appts, additional fees will be collected by the state.
Public Adjuster / All LOAs $420.00 per DRLP $420.00 per DRLP
Surplus Lines Broker / None $1,050.00 $1,050.00
Viatical Settlements Broker / None $2,102.00 $2,102.00
Viatical Settlements Investment Agent / Viatical Settlements Investment Agent $2,102.00 $2,102.00

* Per application.

Contacts

Last Update: 9/08/2017

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