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 of $219 (effective June 15, 2013 this fee will be $241) At renewal, pay a renewal fee of $219 (effective June 15, 2013 this fee will be $241) 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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