Guam
Michelle B. Santos
Guam Insurance Administration
Appointments & Terminations
Yes
Yes
Within 15 days of contract execution or first business submission
JIT appointments permitted. Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier
Yes
$10
$20
Yes
No
No
Required (but ignored) and is the date transaction is processed by the state. Must not precede effective date of appointee and appointer license.
Yes
Appointment renewals billed annually and paid via state portal.
$20
Yes
Voluntary termination; death; appointed in error; cancelled; cancelled for cause
Yes
Required and is the date supplied on transaction. Must not precede effective date of appointee license, appointer license, or effective date of appointment. Must be less than 30 days old
No fee
Licensing
Resident: Adjuster Renewal Fee: $50 Broker Renewal Fee: $100 Surplus Lines Renewal Fee: $100 Nonresident: Non Resident Broker Renewal Fee: $100 Non Resident Surplus Lines Broker Renewal Fee: $100
90 days before expiration
90 days before expiration
No
No
Residence, Business, and Mailing
Surplus Lines Broker, Broker, Company, Insurance Producer, Adjuster, Non Resident Broker, Non Resident Surplus Lines Broker, Non Resident Producer
Agency
Yes
Yes
No
License is perpetual as long as agent in charge is licensed.
Yes
Not required, but the agency can only transact business for the lines of authority their agents are licensed and appointed for.
License not required but branch must be registered
Adjuster
Yes
No
N/A
Property, Casualty, Accident & Health, Marine, Motor Vehicle, Fidelity & Surety, Property Damage and Liability, Workmen's' Comp, Fire, Miscellaneous
Licensing Fee: $50 Renewal Fee: $50
Yes
In the event of an emergency, Guam will allow temporary adjusters to be licensed for 90 days. This will allow them to receive, inspect, process, and adjust claims. The fee for licensure is $50.00.
Continuing Education
24
2 years
Yes
Last day of birth month
Year of first license issuance
Prior to license expiration.
90 days prior to expiration date
Producers newly licensed after July 1 of the second year of the biennium are exempt from CE requirements for that renewal period. Those holding licenses for only limited lines credit are exempt from CE. Those holding limited lines licenses for which an exam isn’t required are exempt from CE Those holding any limited or restricted licenses that the commissioner may declare exemption with the state. Adjusters are exempt from CE.
Licensee has one year to late renew the license and pay penalties. License is suspended until requirements are met.
Yes, a single course per renewal period.
3
3 hours of NFIP course
8-hour initial certification, with 4 hours of LTC-specific training every two years
One-time, 4-hour course
https://agentsync.io/blog/individual-producers/insurance-continuing-education-west-virginia
Regulatory Updates
FAQs
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How Do I Get an Insurance License in Guam?
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How Do I Get a State Adjuster License in Guam?
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How do I renew my insurance license in Guam?
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How do I renew my non-resident insurance license in Guam?
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How Do I renew My Non-Resident Adjuster License in Guam?
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How Do I Renew My Adjuster License In Guam?