What Are The Requirements For An Excess Line Broker License?

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What Are The Requirements For An Excess Line Broker License?

For an Excess Line Broker License, prelicensing education is not required.
Applicants for an Excess Line Broker license must:

Be currently licensed as a West Virginia resident agent.
Have 3 consecutive years of experience immediately preceding the date of application. One of those years must be as a licensed West Virginia resident agent.
Complete and submit the proper application for approval to the West Virginia Insurance Commissioner.
Submit the required $200 license fee.
File a bond in favor of the state of West Virginia in the amount of $2,000.
Once a passing score has been attained, the applicant must mail the original score report to the West Virginia Insurance Commissioner's Agent Licensing Division before a license will be issued.

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