What Types Of Licenses Does Louisiana Issue?

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What Types Of Licenses Does Louisiana Issue?

Louisiana issues the following licenses. Each license is valid only for the line(s) of authority shown on the license.

An agent is an individual, partnership or corporation authorized to transact business, with the authority to solicit, negotiate and effect contracts of insurance on behalf of an insurer authorized to do business in Louisiana.
A broker is an individual, partnership or corporation that, for a commission or brokerage compensation, acts for or aids in any manner in negotiating contracts of insurance, or in placing risks or soliciting or effecting insurance for an insured or prospective insured.
A solicitor is any individual authorized by a licensed agent or broker to solicit contracts of property and casualty insurance solely on behalf of the sponsoring agent or broker.
A surplus lines broker is any individual, partnership or corporation who solicits, negotiates or procures insurance with an insurance company not licensed, but approved to do business in Louisiana.

Other Louisiana Insurance FAQs

Q: What Are The General Guidelines For An Insurance License?
A: To be licensed in Louisiana you must meet two basic requirements: you must be trustworthy and you must be competent. You will be asked a number of background … More
Q: What Are The Application Filing Requirements?
A: All applications must be mailed to either the Department or Experior, as instructed, through the U.S. Postal Service only. Any application received through any other … More
Q: What Are The General Resident License Requirements?
A: To hold a license, a Louisiana resident must: be at least 18 years of age; reside in or maintain a principal place of business in Louisiana; complete a … More
Q: What Are The Pre-Licensing Education Requirements?
A: Prelicensing education requirements help ensure a minimum level of knowledge about the products and services that agents, brokers and solicitors offer to the … More
Q: Are The Exams Good For All Lines?
A: Each license is valid only for the line(s) of insurance on the license issued you. When applying for a license that requires an examination, submit Form 1114A and … More
Q: Can I Be Exempt From Pre-Licensing And Exam Requirements?
A: Prelicensing education and property and casualty exams are not required of any applicant who has earned the Chartered Property Casualty Underwriter (CPCU) … More
Q: How Do I Begin The Application Process?
A: Begin the process by completing Application Form 1114A. Use a separate Form 1114A for each type of license you wish to apply for. Use only a current Form 1114A. … More
Q: Which Licenses Require An Exam?
A: Licenses requiring an exam When applying for a license that requires an examination, submit Form 1114A and register for an exam at the same time by submitting the … More
Q: What Are The License Application Fees?
A: The initial fee depends upon the type and line(s) of insurance you are seeking. License fees are nonrefundable and nontransferable. License Fee … More
Q: How Do I License My Company As An Agency?
A: Corporations and partnerships must be licensed in order to transact insurance business and/or to receive commissions. All Firm applicants must submit Form 1114B … More