Reinsurance Intermediary-Broker/Intermediary-Manager
Licensing Information
Applicable Forms:
Individual Application for Reinsurance Intermediary, form LIC 441-14.
Application for Organization Reinsurance Intermediary, form LIC 441-15.
Authorizing Act:
Section 1781.2 of the California Insurance Code reads, in part:
A Reinsurance Intermediary-broker means any person, other than an officer or employee of the ceding insurer, firm, association, or corporation that solicits, negotiates, or places reinsurance cessions or retrocessions on behalf of a ceding insurer without the authority or power to bind reinsurance on behalf of that insurer.
A Reinsurance Intermediary-manager means any person, firm, association, or corporation that has authority to bind, or manages all or part of the assumed reinsurance business of, a reinsurer (including the management of a separate division, department, or underwriting office) and acts as an agent for the reinsurer whether known as a reinsurance intermediary-manager, manager, or other similar term.
Qualifications:
- Minimum Age: 18 years.
- Residency: California residency is not required.
- Prelicensing Experience/Education: Not required.
- Continuing Education: Not required.
- Entity Types: Individual and Business Entity.
Filing Requirements - Individual Residents:
- Application: Individual Application for Reinsurance Intermediary, form LIC 441-14.
- License Filing Fee: $411
- Examination: Not required.
- Additional Documents: The Insurance Commissioner may require such other documents as will aid in determining whether the applicant meets the qualifications for a license.
Filing Requirements - Business Entity Residents:
- Business Entity Application: Application for Organization Reinsurance Intermediary, form LIC 441-15.
- Natural Person Named on Business Entity: Application for Individual Reinsurance Intermediary, form LIC 441-14, for each member or employee of a firm or association, or an officer, director, or employee of a corporation.
- License Filing Fee: $411
- Examination: Not required.
- Additional Documents: The Insurance Commissioner may require such other documents as will aid in determining whether the applicant meets the qualifications for a license.
Filing Requirements - Individual Non-Residents:
- Application: Individual Application for Reinsurance Intermediary, form LIC 441-14.
- Certification of License Status from Resident State.
- License Filing Fee: $411
- Examination: Not required.
- Additional Documents: The Insurance Commissioner may require such other documents as will aid in determining whether the applicant meets the qualifications for a license.
Filing Requirements - Business Entity Non-Residents:
- Business Entity Application: Application for Organization Reinsurance Intermediary, form LIC 441-15.
- Natural Person Named on Business Entity: Application for individual reinsurance intermediary, form LIC 441-14, for each member or employee of a firm or association, or an officer, director, or employee of a corporation.
- Certification of License Status from Resident State: Must be in the Business Entity name.
- License Filing Fees: $411
- Examination: Not required.
- Additional Documents: The Insurance Commissioner may require such other documents as will aid in determining whether the applicant meets the qualifications for a license.
License Term:
Perpetual
Additional Information:
Federal law (Title 18 United States Code Section 1033) prohibits anyone who has been convicted of a felony involving dishonesty or a breach of trust from conducting the business of insurance unless they have obtained the written consent of the Insurance Commissioner. It is a violation of this statute to conduct business of insurance without the Commissioners written consent. If you have been convicted of a felony involving dishonesty or a breach of trust then you must attach a copy of this consent. If you have not obtained this written consent you must do so by filing a 1033 Short Form Application for Written Consent prior to filing your application.
If any officer, director, member or employee will not be acting as a Reinsurance Intermediary on behalf of the organization, we will require a letter signed by an officer stating such.
If filing for both the Reinsurance Intermediary-broker and the Reinsurance Intermediary-manager, only one application and fee are required.
To obtain insurance licensing information on Reinsurance Intermediaries, you may phone the Producer Licensing Bureau's Business Entity unit at (916) 492-3069.
To request insurance licensing forms via e-mail, send your request to: Producer Licensing Bureau.
All fees mailed to the Department must be addressed to:
Department of Insurance
P.O. Box 1139
Sacramento, CA 95812-1139
All fees are filing fees and are not refundable, whether or not the application is acted upon or the examination taken.
Form 666-A (04/2013)
