State Requirements

Business Rules

• Applicants Please Read: 
  • Once your application has been submitted to the State of Wisconsin, you will have 90 days to submit any required information/requirements. Failure to supply the required documentation will cause your application to be CLOSED as EXPIRED. Fees are non-refundable.
  • If you applied for a license type in error, you will need to submit a written request to our office requesting the withdrawal of the application. The application process and the withdrawal of the application represents an administrative expense for the agency and, therefore, the fees are non-refundable.
  • 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.

• Wisconsin does NOT require a firm to be licensed, however, the option to obtain the license is available.

• The Intermediary Firm license on the Producer Database and license certificate will display as Intermediary (Producer) Firm on the online application to help Producers select the correct license class. These two license class names are the same.

• A firm has no authority to transact insurance business in our state—the authority to transact insurance business lies with the Designated Responsible Producer (DRLP) and the lines of authority they actively hold.

• At least one (1) Designated Responsible License Producer (DRLP) must be listed on the application and hold an active resident or non-resident Intermediary (Producer) Individual license in Wisconsin for applicable licenses. Please see State Offerings section below.

• Applicants applying for the Managing General Agent Firm license must have at least one DRLP licensed with an active Managing General Agent Individual license in the state of Wisconsin (resident or non-resident).

• Navigator Business Entity must submit renewals via paper application to the state. Applicants must submit evidence from a licensed insurer of a bond (or other evidence of financial responsibility) held by the entity in an amount no less than $100,000 and a list including license numbers of all individual navigators employed, supervised or affiliated with the applicant. Contact the state for additional instruction.

• Applicants applying for the Travel Insurance Firm license must have at least one DRLP licensed with an active Intermediary (Producer) Individual license with the Travel LOA in the state of Wisconsin (resident or non-resident).

• Life Settlement Firm (Viatical Settlement) are required to submit to the state for renewal:
  • An original endorsement from a licensed insurer identifying professional liability insurance held in an amount not less than $1 million total annual aggregate.
  • A list of licensed providers and provide the name and addresses of companies the broker will be representing.
  • Provide copy of certificate of completion issued to the designated responsible Wisconsin-licensed individual representative regarding the 2-hour training requirement.
  • Applicants can e-mail the documentation to the state.

• Employee Benefit Plan Administrators are required to submit to the state for renewal:
  • Proof of a new original Performance Bond (signed & sealed) between $15,000.00 and $500,000.00.
  • Financial Statements for the administrator's most recent completed fiscal year. (balance sheet & income statement). NOTE: The financial statements must be those of the applicant. If the financial statements combine the applicant with parent or affiliated entities, they must include a deconsolidating spreadsheet breaking out the applicant's balance sheet and income statement. Statements are not required to be audited.
  • Applicants must mail original performance bond directly to the state. 
• Pharmacy Benefit Manager applicants must submit the following to the state:
  • Proof of a new original Performance Bond (signed & sealed) between $15,000.00 and $500,000.00.
  • Financial Statements for the administrator's most recent completed fiscal year. (balance sheet & income statement). NOTE: The financial statements must be those of the applicant. If the financial statements combine the applicant with parent or affiliated entities, they must include a deconsolidating spreadsheet breaking out the applicant's balance sheet and income statement. Statements are not required to be audited.
  • Applicants must mail original performance bond directly to the state.
     
• Risk Purchasing Group and Rate Service Organization applicants may not renew following the expiration date. Applicant must reinstate through RL.
   
• Rate Service Organization (RSO) applicants must submit the following upon submission of renewal application:
  • A written statement notifying the WI OCI of any material changes in the information/documents received below.
    1. A copy of its constitution, charter, articles of organization, agreement, association, or incorporation.
    2. A copy of entity bylaws.
    3. A copy of the plan of operation.
    4. Copies of any other rules or regulations governing the conduct of business.
    5. A list of members and subscribers.
    6. The name and address of at least one resident of the state whom notices and process affecting order of the commissioner may be served.
    7. Any changes of its technical qualifications for acting as a rate service organization.
  • If no changes have occurred, a written statement must be submitted to our office identifying no changes.
     
  • The form can be found via the following link https://oci.wi.gov/Pages/Agents/Rate-Service-Organization.aspx
    • The form, written statements and supporting documentation should be emailed to ociagentlicensing@wisconsin.gov
       
• Risk Purchasing Group (RPG) registrants must submit the following upon submission of renewal application:
  • Complete and Submit Form OCI 26-045W to the WI OCI. Form includes information on the following:
    • Demographic Information
    • Changes in Wisconsin Licensed Agent Information
    • Changes in Insurance Company Information
  • Any changes in the following must be submitted:
    • Changes in domicile state.
    • Changes in lines or classifications of liability insurance which the RPG intends to purchase.
    • Change with the insurance company from which the group intends to purchase.
    • Change in domicile state of insurance company from which the RPG intends to purchase.
    • Changes in location of principal place of business (business address) of RPG.
  • If no changes have occurred, Form OCI 26-45W must still be submitted to the WI OCI.
     
  • The form can be found via the following link https://oci.wi.gov/Pages/Agents/Risk-Purchasing-Group.aspx
    • Form and supporting documentation should be emailed to ociagentlicensing@wisconsin.gov.
       

• Note: An affiliation is not required and the applicant may skip the "Affiliations" page on the uniform application.