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CA Department of Insurance

Requirements For Employers and Employees

License Requirements For Licensees

  • Maintain and update, annually, a list of all locations in California for which the licensee offers coverage under a policy of portable electronics insurance on Form LIC PE 2.
  • Establish and update, when appropriate, training materials. Training materials must include instruction about the types of insurance that may be offered for sale; instruction on ethical sales practices; and instruction on the required disclosures to be given to perspective customers.
  • Re-training of endorsees at least every three years and whenever there is a material change in the insurance products sold that requires modification of the training materials.
  • Renew license every two years.
  • Pay initial license fee of $265. At renewal, pay a renewal fee of $265. A renewal of an expired license may be filed after the expiration date and until the same month and date of the next succeeding year. There is a 50 percent penalty fee if the license is renewed late.
  • Provide training to employees who are to be endorsed to the license.

License Requirements For Endorsees

  • Must be 18 years of age or older.
  • Complete mandatory training.

Reference: Sections 1758.6-1758.692 of the CIC

 

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