Free District of Columbia Insurance FAQs | Free District of Columbia Insurance Legal Documents

Are There Any Additional Licensing Requirements?

Tue, 29 May 2007 21:19:00 GMT

Property and casualty brokers must furnish a $20,000 Bond Form with an expiration date of April 30, 2001 or later and a power of attorney form.

How Do I Obtain The Licensing Application Forms?

Tue, 29 May 2007 21:19:00 GMT

Applications for Resident Agents and Brokers and Applications for NonResident Agents and Brokers are available from the DC Department of Insurance Web site.

The Department of Insurance and Securities Regulation also governs the licensing of insurers and ensuring continued compliance with DC laws and regulations. An insurer may obtain a Property and Casualty license or a Life and Health license. The Uniform Certificate of Authority Application (UCAA) process is designed to allow insurers to file copies of the same application for admission in numerous states. Each state that accepts the UCAA is designated as a uniform state. While each uniform state still performs its own independent review of each application, the need to file different applications, in different formats, has been eliminated for all states that accept the uniform application.

How Do I Register For And Schedule An Insurance Licensing Exam?

Tue, 29 May 2007 21:19:00 GMT

Assessment Systems, Inc. (ASI) administers insurance licensing examinations in the District of Columbia. Candidates may make a reservation by:

calling ASI Customer Care at (800) 2740610
faxing the Fax Reservation Form (found in the Candidate Handbook to ASI at (888) 2046291
visiting the ASI Web site http://www.asisvcs.com

Candidates should make a reservation by phone at least three (3) business days before the desired examination date or by fax at least four days prior. The examination fee is $75 per exam for combination major lines examinations (Property and Casualty or Life/Accident and Health).

The Candidate Handbook is available to assist and guide applicants through the examination and licensing process. It is suggested, that applicants familiarize themselves with this information before registering for the examination(s). Content Outlines are available on the ASI Web site.

What Are The Fees For A New License?

Tue, 29 May 2007 21:19:00 GMT

A new license is $100 ($200 for surplus lines) and $100 per authority. For fee information on insurance provider licensing, contact Insurance Licensing Specialist at (202) 4427815 or via email.

What Are The Licensing Renewal Procedures?

Tue, 29 May 2007 21:19:00 GMT

Licenses are renewed biennially during odd years. All licensees will receive a license renewal form at least 30 days prior to the end of the renewal period. Renewal fees are based on $100 per license ($200 for Surplus Lines) and an additional $100 per authority.

What Are The Non-Resident Licensing Requirements?

Tue, 29 May 2007 21:19:00 GMT

The District of Columbia has signed the Uniform Treatment Declaration and is accepting the Uniform NonResident Licensing Application. The uniform treatment project is a National Association of Insurance Commissioner's initiative intended to address the multistate licensing system currently in place. Uniform treatment means that all participating states agree to license nonresident producers, who are in good standing in their resident states, without imposing additional restrictions or qualifications not required of resident producers.

What Is The Procedure For Obtaining An Appointment?

Tue, 29 May 2007 21:19:00 GMT

To add a new appointment or to terminate an existing appointment, please obtain a copy of the District of Columbia Notice of New Appointment/Appointment Termination. Forms must be filled out and signed by the appointing insurance company. If you are adding or terminating more than three appointments at one time, please photocopy side two of the form and attach together. If you are terminating an appointment "For Cause", you must include supporting documentation. Return forms with appropriate fees to:

All agents must be appointed to do business in DC. Brokers cannot be appointed. Firms may be appointed if desired. Appointment activity reports are sent to companies on a biweekly basis, confirming appointment transactions and requesting additional information to help complete pending transactions. There is a $25 fee for each new appointment payable to Assessment Systems, Inc. Appointments are renewed annually.

Where Can I Obtain Insurance Licensing Information?

Tue, 29 May 2007 21:19:00 GMT

You may obtain licensing information from the Department of Insurance and Securities Regulation:

Address:

Telephone: (202) 4427813 or (202) 4427814

Fax: (202) 5351197

Email: disr@washingtondc.gov

Web site: www.disr.washingtondc.gov

Who Must Be Licensed In The District Of Columbia?

Tue, 29 May 2007 21:19:00 GMT

Any individual who solicits insurance on behalf of an insurer; takes or transmits other than for him or herself an application for insurance or a policy of insurance to or from an insurer; advertises or otherwise gives notice that he or she will transmit insurance policies or applications; receives, collects, or transmits any premium of insurance, or performs any other acts in the making of an insurance contract for or with an insurer, other than for him or herself, must be a licensed agent of the insurer for which the act is done or the risk is taken.

Who Must Meet Prelicensing Education Requirements?

Tue, 29 May 2007 21:19:00 GMT

Each applicant who applies for a license as an insurance agent or broker shall furnish at the time of filing his or her application a certificate of evidence of satisfactory completion of a prelicensing course of instruction consisting of 40 hours. Every applicant for licensure shall take the appropriate license examination within one (1) year of completing a prelicensing course. Selfstudy courses will be approved for prelicensing and do not require a supervised examination.

Applicants will submit a certificate of completion of forty hours of prelicensing to Assessment Systems, Inc. (see information on ASI below) along with the license application and appropriate fee in order to take the District of Columbia Licensing Examination to become licensed in the District of Columbia as an insurance agent or broker.

Free Auto Insurance FAQs

Sun, 29 Nov 2009 03:40:53 GMT

Free Auto Insurance FAQs

Free Health Insurance FAQs

Sun, 29 Nov 2009 03:40:53 GMT

Free Health Insurance FAQs

Free Home Owners Insurance FAQs

Sun, 29 Nov 2009 03:40:53 GMT

Free Home Owners Insurance FAQs

Free Life Insurance FAQs

Sun, 29 Nov 2009 03:40:53 GMT

Free Life Insurance FAQs