Uniform Application for Individual Surplus Lines Broker License Renewal / Continuation

Uniform Application for Individual Broker License Renewal/Continuation is a 3-page legal document that was released by the National Association of Insurance Commissioners on January 1, 2014 and used nation-wide.

FAQ

Q: What is the Uniform Application for Individual Surplus Lines Broker License Renewal/Continuation?
A: It is a form used to renew or continue an individual surplus lines broker license.

Q: Who needs to use this form?
A: Individuals who are surplus lines brokers and need to renew or continue their license.

Q: What is a surplus lines broker?
A: A surplus lines broker is a licensed insurance agent who specializes in placing coverage with insurers that are not licensed in a particular state.

Q: Why do surplus lines brokers need to renew their license?
A: Surplus lines brokers must renew their license to maintain their authority to transact business as a broker.

Q: What information is required on the application?
A: The application will typically ask for personal information, license history, and any additional documentation required by the state.

Q: Is there a fee associated with the renewal or continuation?
A: Yes, there is often a fee that must be paid with the application. The amount may vary by state.

Q: Are there any continuing education requirements for surplus lines brokers?
A: Yes, many states require surplus lines brokers to complete a certain number of continuing education credits to renew their license.

Q: How often do surplus lines brokers need to renew their license?
A: The renewal period varies by state, but it is typically every 1-3 years.

Q: What happens if a surplus lines broker fails to renew their license?
A: If a surplus lines broker fails to renew their license, they may lose their authority to transact business as a broker.