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What is The License Term?

Submitted by VLHudson on
Answer

The license term is April 1st to March 31st of even years. The Department will send out renewal notices for existing licensees at the beginning of the even year. Note: license fees are not prorated, and the license term is fixed, regardless of the time of application.

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What is a Surplus Lines Broker?

Submitted by VLHudson on
Answer

A Surplus Lines Insurance Broker is an individual who solicits, negotiates or procures a policy of insurance in an insurance company not licensed to transact business in this state which cannot be procured from insurers licensed to do business in this state. All transactions under the license shall be subject to the provisions of Title 8.

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