State Requirements

Business Rules

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

• Applicants that answer "No" to question, "Are you a US Citizen?" must send proof of legal work authority to the state.

• Applicant must use Non-Resident Renewal (NRR) application until one (1) month past expiration date. Five (5) years after expiration, applicant must reapply as new.

• Applicants with serious RIRS actions or 1033 actions applications will be deferred to the state for review.

• Applicant applying for Variable Life and Variable Annuity must hold an active Life line of authority or be applying for Life simultaneously within the same license class.

• Authorized Person

  • Must pass applicable exams

  • May not actively hold or be applying for another license (exception: Attorney-In-Fact license)

  • Must list only one (1) affiliation, more than one (1) will not be allowed

  • Surplus Lines Broker line of authority applicants must actively hold or be applying for Property and Casualty lines at the same time (business affiliation must hold or apply for Surplus Lines Broker license)

  • NOTE: BEFORE applying for Authorized Person license, applicant’s business entity affiliation must meet all business requirements for the following licenses: Insurance Producer, Authorized Representative, Independent Adjuster, Public Adjuster, Viatical Settlements Broker, Viatical Settlements Investment Agent, Reinsurance Intermediary Manager, Reinsurance Intermediary Producer. Authorized Person license will be processed with the business license application at the same time.

• Authorized Person Business Entity Affiliation must:

  • Register the entity with the Puerto Rico Department of State http://estado.pr.gov/en/ or https://prcorpfiling.f1hst.com/

  • Submit to Puerto Rico OCI the Certificate of Authorization to do Business in PR from the Puerto Rico Department of State

  • Designate an individual that resides in Puerto Rico as its contact for auditing and examination purposes. This individual must be able to, upon our request, provide evidence of the company’s insurance transactions in Puerto Rico. Please submit a letter with the name, telephone, fax, mailing address, physical address, and email to cumplimiento@ocs.pr.gov.

  • At least one Authorized Person must be listed as a Designated Responsible Licensed Producer (DRLP) on the business application

  • At least one DRLP on the business application that is an Authorized Person must hold all lines of authority as the business license (exception: business licenses with no lines of authority or “None”)

  • At least one DRLP on the business application must be Owner/Partner/Officer/Director (OPOD) of the business

  • At least one OPOD listed as a DRLP must hold all lines requested on the application (exceptions: General Agent, Surplus Lines Broker, Viatical Settlements Broker)

  • Meet other applicable license class specific business requirements

• Authorized Representative applicants must have an appointment with an insurer for this license to become valid. Please be sure to submit application for appointment once the license is approved and is displaying the Producer Database (PDB). If the license is not displaying the PDB, the appointment will be declined.

• Independent Adjuster, Public Adjuster, Emergency Independent Adjuster, and Emergency Public Adjuster may not hold any other license type concurrently.

• Surplus Lines Broker applicants must hold an active Insurance Producer or Authorized Representative and have $25,000.00 bond. Applications will be deferred to state for verification.

• Applicants with a resident license in Guam are unable to apply electronically for Puerto Rico licenses. Please contact Puerto Rico directly to apply for a license or amend.

• 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.