Which of the following is a requirement for an individual to receive an insurance license in Massachusetts?
This page provides state-specific checklists, application forms and contacts for paper resident and non-resident licensing in the State of Massachusetts. Show
Non-Resident Licensing Checklist for Business EntitiesThe proper filing sequence is as follows: STEP 1: NAME APPROVAL -Pursuant to M.G.L. c. 155, § 9, the name of any business entity formed for the purpose of acting as an insurance producer is subject to the prior written approval of the Commissioner of Insurance. The following required documentation is to be submitted to: MA Division of Insurance Non-Resident Corporations – Submit an unexecuted Foreign Corporation Certificate of Registration which you may download from the Secretary of the State's Corporate Division at http://www.sec.state.ma.us/cor/corpweb/corfor/forinf.htm. The Division of Insurance ('Division') will note the name approval by signing off on the unexecuted documentation and return all documents to you, for your filing with the Secretary of State's Office, Commonwealth of Massachusetts. Non-Resident Limited Liability Companies – Submit an unexecuted Foreign LLC document and follow the guidelines provided by the Secretary of the Commonwealth at http://www.sec.state.ma.us/cor/corpweb/corfllc/fllcinf.htm. The Division will note the name approval by signing off on the unexecuted documentation and return all documents to you, for your filing with the Secretary of State's Office, Commonwealth of Massachusetts. DBA Names- If a DBA is to be used or added on, an entity must first seek DBA name approval, from the Division; you will need to download the DBA attachment form from the Secretary of States' Corporate Division website at http://www.sec.state.ma.us/cor/corpweb/corfor/forinf.htm and submit them to the Division of Insurance for DBA name approval. Once DBA name has been approved, you will then submit a Business Certificate from the town or city in which the business entity will be operating its business in Massachusetts. Non-Resident Partnerships - Together with said statements or applications, there shall be filed a duplicate original of the written partnership agreement signed by all the partners. Partnerships (Excluding LLP's) STEP 2 : FILING WITH THE MA SECRETARY OF STATE'S OFFICE – Please see the instructions on the Corporate Division's website at http://www.sec.state.ma.us/cor/Functionality/walkinmail.htm STEP 3: APPLICATION, ENCLOSURES AND FEES - Please include the following:
Please send Step 1 documents only, for name
approval sign-off to: Please send Step 3 documents to: Back to Top Non-Resident Licensing Checklist for Individuals
Licensing fees are as follow :
Please send all non-online documents to: Back to Top Resident Licensing Checklist for Business EntitiesThe proper filing sequence is as follows: STEP 1: NAME APPROVAL -Pursuant to M.G.L. c. 155, § 9, the name of any business entity formed for the purpose of acting as an insurance producer is subject to the prior written approval of the Commissioner of Insurance. The following documentation should first be submitted to: MA Division of Insurance Resident Corporations – The unexecuted Articles of Organization for name approval which may be downloaded from the Corporate Division's website at; http://www.sec.state.ma.us/cor/corpweb/cordom/dominf.htm under the category, "Forms". . The Division will approve then send back to you so that you may file with the Secretary of State's Office. If the corporation is already incorporated and approved with the Secretary of State's office proceed to step #3; Resident Limited Liability Companies – A unexecuted Certificate of Organization following the statutory guidelines provided by the Secretary of the Commonwealth at the following Corporate Division's website athttp://www.sec.state.ma.us/cor/corpweb/corllc/llcinf.htm , for name approval. The Division of Insurance ("Division") will note the name approval by signing off on the unexecuted documentation and return all documents to you, for filing with the Secretary of the Commonwealth. Please note, all corporations, LLC's and LLP's are required to file with the Secretary of the Commonwealth of Massachusetts. DBA Names - If a DBA is to be used at a later date, an entity must seek DBA name approval first from the Division, and then once approved, submit a Business Certificate from the town or city in which the business entity will be operating business in Massachusetts. Partnership Agreement, if not an LLP, is to be submitted, only if you are a Partnership as defined in M.G. L. Chapter 175 § 173. STEP 2: FILE WITH THE MA SECRETARY OF STATE'S OFFICE – Please see the instructions on Corporate Division's website at http://www.sec.state.ma.us/cor/functionality/walkinmail.htm . Once you have completed this process, please request a Certified Articles of Organization or Certificate of Organization if an LLC, along with a Certificate of Existence, as these documents will be required in your final filing process. STEP 3: APPLICATION, ENCLOSURES AND FEE - Please include the following:
Please send these documents to: Back to Top Resident Licensing Checklist for Individuals
Fees are as follows :
Term of License Back to Top Resident & Non-Resident Business Entity Renewals
All documentation is to be submitted to: Division of Insurance Back to Top Renewing Checklist for Resident & Non-Resident IndividualsProducers who are ready to renew their licenses are now able to do so online, using the Division's online system, OLLIE, at www.ollieisabreeze.doi.state.ma.us. Renewing Producer licensees using the online OLLIE system are to process their online renewal applications on or before the expiration date of their current licenses. If the online Renewal/Continuation application is not filed on time, the renewing license and all affiliated appointments will be canceled due to non-renewal; there is penalty fee imposed after the renewal date has passed. Renewing business entity producers are now also able to renew online via NIPR's gateway at http://www.nipr.com. All Producers who are renewing via paper applications must submit their NAIC Renewal/Continuation applications for processing, prior to the expiration/renewal date. If the Renewal/Continuation application is not filed on time, the renewing license and all affiliated appointments will be canceled. These applications are to be sent to: Division of Insurance Back to Top All Resident and Non-Resident Individual Renewal Fees
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fees for All Individual Producers: * Lead Paint Surcharge: Pursuant to Section 22 of Chapter 482 of the Acts of 1993, as amended by Section 154 of Chapter 184 of the Acts of 2002, insurance producers licensed in property or casualty lines of insurance shall be charged a lead paint surcharge of $25 per year on the license, payable at the time of the licensing fee. Because the producer license is a 3-year license, the surcharge fee amounts to $75. Back to Top DISCLAIMER The National Insurance Producer Registry ("NIPR") populates the State Matrix of Business Rules ("State Matrix") with information provided directly from participating state insurance departments. Participating states are encouraged to provide updated information when appropriate. NIPR does not guarantee the completeness, accuracy or adequacy of the information in the State Matrix. The information in the State Matrix does not constitute legal advice and use of this information is at user's own risk and responsibility. Any questions regarding the interpretation of the rules or the accuracy of the information should be directed to the appropriate state insurance department. How do I get my insurance license in MA?How to Get Your Massachusetts Insurance License. Complete an Insurance Exam Prep Course. ... . Pass Your Massachusetts Licensing Exam. ... . Apply for Massachusetts Insurance License. ... . Plan to Complete Required Insurance Continuing Education (CE) Credits.. Which of the following is a requirement for an individual to receive an insurance license in Maryland?Generally speaking, to become a licensed insurance agent in your state you must first meet any state requirements such as age, passing a background check, etc. You then must take any state-required pre-licensing courses and pass your state's licensing exam to be licensed and able to sell insurance in your state.
What are some of the key requirements to become a licensed insurance agent or broker?What qualifications does an insurance broker need? To pursue a career as an insurance broker, it's best to start by earning a degree in insurance, business, economics, or finance. Additionally, states require brokers to have an insurance license via the National Insurance Producer Registry to sell insurance.
Which one of the following is the minimum age requirement to be licensed as an agent in Florida?Per the Division of Insurance Agent and Agency Services, Bureau of Licensing, an applicant for a 2-15 Health & Life (Including Annuities & Variable Contracts) Agent License must: Be a natural person at least 18 years of age. Be a bona fide resident of Florida.
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