Application Procedures-Business Entity Residents
License Information
Please follow the steps noted below to file for a business entity license:
Step 1 - Reserve a name for approval - Applicants for a business entity license are encouraged to use Sircon's Business Entity Name Approval Request to reserve a name.
Note: Please review our Name Approval Criteria and lists of Unacceptable Words/Phrases and Improper Use of Words/Phrases. You are also encouraged to review names that are currently being used by going to Business Entity Name Search program.
Step 2 - Applicants must submit an application using Sircon's Apply for a License.
Step 3 - Endorse an individual Accident and Health or Sickness agent - Business entity must name at least one natural person who holds a California resident Accident and Health or Sickness agent license to represent the business license.
Endorsees should be named on the Business Entity Application during the initial business entity application filing. Subsequent agent endorsement(s) must be submitted online at Sircon's Maintain Agency Associations. (i.e. adding or removing individual licensees who are to transact insurance under authority of its license) (CIC Section 1661).
Each natural person who does not hold an active California resident Accident and Health or Sickness agent license must file separately for an individual resident Accident and Health or Sickness agent license. This link will provide information on individual filing requirements: Individual Resident Accident and Health or Sickness Agent.
Step 4 -Fees:
- License two year filing fee: $188
- Business Entity Endorsement fee: $32 per endorsee.
Financial Security Requirements for Limited Liability Companies
Limited liability companies (LLCs) are required to provide proof of satisfying the security requirements of California Insurance Code (Cal. Ins. Code Section 1647.5) when applying for an insurance license and once licensed, must also file with the Commissioner an annual confirmation of coverage demonstrating continued compliance with the financial security requirements.
For additional LLC application filing information, annual certification of coverage information, and links to forms that can be used as proof of fulfilling the security requirements, please go to the following link: Business Entity Limited Liability Company Requirements
Additional Documents:
The Insurance Commissioner may require such documents as will aid in determining whether the applicant meets the qualifications for a license.
The business entity is not required to have an appointment to have the license issued. Upon application approval the license can be downloaded or printed by using the CDI's Print or Download Your License service. However, the licensee may not transact, solicit, or negotiate the sale of insurance until an Action Notice of Appointment is completed by the sponsoring insurance company admitted to California. Pursuant to Title 10, California Code of Regulations (Cal. Code of Regs.) Section 2190.22, the Action Notice of Appointment must be submitted electronically. To submit appointments electronically contact the National Insurance Producer Registry (NIPR) and its authorized business partners for a list of approved partners. A $32 must be submitted with each Action Notice of Appointment.
Contact
To obtain insurance licensing information on Business Entities, you may phone the Producer Licensing Bureau's Business Entity unit at (916) 492-3069.
Fee Notes
All filing fees submitted are not refundable whether or not the application is acted upon or the examination taken.
