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)
Insurance Producer Life
Insurance Producer Health Services
Insurance Producer Property
Insurance Producer Casualty
Insurance Producer Property & Casualty
Insurance Producer Variables
Insurance Producer Surety
Insurance Producer Agricultural
Insurance Producer Fraternal Life
Insurance Producer Disability
Insurance Producer Marine & Transportation
Insurance Producer Title
Insurance Producer Malpractice
Insurance Producer Reinsurance
Insurance Producer Vehicle
Authorized Person Agricultural
Authorized Person Vehicle
Authorized Person Reinsurance
Authorized Person Automobile & Accidents
Authorized Person Disability
Authorized Person Fraternal Life
Authorized Person Health Services
Authorized Person Life
Authorized Person Limited Life
Authorized Person Limited Rental
Authorized Person Marine & Transportation
Authorized Person Marine, Transportation, Fire & Allied Lines
Authorized Person Property
Authorized Person Casualty
Authorized Person Property & Casualty
Authorized Person Surety
Authorized Person Title
Authorized Person Variables
Authorized Person Viatical Settlements
Authorized Representative Disability
Authorized Representative Fraternal Life
Authorized Representative Health Services
Authorized Representative Life
Authorized Representative Malpractice
Authorized Representative Property & Casualty
Authorized Representative Title
Authorized Representative Variables
Authorized Representative Reinsurance
Attorney-in-Fact Attorney-in-Fact
General Agent General Agent
Insurance Consultant General
Insurance Consultant Life
Independent Adjuster Automobile & Accidents
Independent Adjuster Marine, Transportation, Fire & Allied Lines
Limited Travel Limited Travel
Manager Manager
Reinsurance Intermediary Manager Reinsurance
Reinsurance Intermediary Producer Reinsurance
Solicitor Disability
Solicitor Agricultural
Solicitor Fraternal Life
Solicitor Health Services
Solicitor Life
Solicitor Marine and Transportation
Solicitor Property
Solicitor Casualty
Solicitor Property & Casualty
Solicitor Surety
Solicitor Title
Solicitor Variables
Surplus Lines Broker None
Viatical Settlements Broker Viatical Settlements
Viatical Settlements Investment Agent Viatical Settlements

* 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: 9/26/2018

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) DRLP Required
Insurance Producer Life Yes
Insurance Producer Health Services Yes
Insurance Producer Property Yes
Insurance Producer Casualty Yes
Insurance Producer Property & Casualty Yes
Insurance Producer Variables Yes
Insurance Producer Surety Yes
Insurance Producer Agricultural Yes
Insurance Producer Fraternal Life Yes
Insurance Producer Disability Yes
Insurance Producer Marine & Transportation Yes
Insurance Producer Title Yes
Insurance Producer Malpractice Yes
Insurance Producer Reinsurance Yes
Insurance Producer Vehicle Yes
Authorized Representative Disability Yes
Authorized Representative Fraternal Life Yes
Authorized Representative Health Services Yes
Authorized Representative Life Yes
Authorized Representative Malpractice Yes
Authorized Representative Property & Casualty Yes
Authorized Representative Title Yes
Authorized Representative Variables Yes
Authorized Representative Reinsurance Yes
General Agent General Agent Yes
Independent Adjuster Automobile & Accidents Yes
Independent Adjuster Marine, Transportation, Fire & Allied Lines Yes
Insurance Consultant General Yes
Insurance Consultant Life Yes
Public Adjuster Automobile & Accidents Yes
Public Adjuster Marine, Transportation, Fire & Allied Lines Yes
Reinsurance Intermediary Manager Reinsurance Yes
Reinsurance Intermediary Producer Reinsurance Yes
Surplus Lines Broker None Yes
Viatical Settlements Broker Viatical Settlements Yes
Viatical Settlements Investment Agent Viatical Settlements 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 < $1M + $1,050.00 per DRLP > three (3).

$4,206.00 if written premium > $1M + $1,050.00 per DRLP > three (3).
$2,102.00 if written premium < $1M + $1,050.00 per DRLP > three (3).

$4,206.00 if written premium > $1M + $1,050.00 per DRLP > 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: 9/26/2018

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