Puerto Rico
Alexander S. Adams Vega
Office of the Commissioner of Insurance
Appointments & Terminations
Yes
Yes
Within 15 days of contract execution
The insurer who appoints a person as general agent to represent him/her as such in Puerto Rico, shall give written notice of the appointment to the Commissioner within the 15 days following the date on which the contract for such purposes is executed
Yes
Yes
No
Yes
Effective date is required. Requested effective date may be backdated up to 15 days from the current date.
No, perpetual
Yes
Voluntary termination; inadequate production; death; company defunct or liquidation; company indebtedness; poor policyholder service; appointed in error; request regulatory review
Yes
Required. May be backdated up to 15 days from the current date. Must not precede the effective date of the appointment
The state has perpetual appointments that don’t require renewals unless a license has become inactive for more than 30 days
Licensing
Resident New License Insurance Producer Fee: $1050 Non Resident New License Insurance Producer Fee: $1682
Resident: Insurance Producer Renewal Fee: $1050 Late Renewal Fee: $1050 Authorized Person Line of Authority Combination: All LOAs Excludes: Travel Renewal Fee: $0 Late Renewal Fee: $0 Authorized Person Line of Authority Combination: Travel Renewal Fee: $630 Late Renewal Fee: $630 Authorized Representative Fee: $314 Late Renewal Fee: $314 Attorney-in-Fact Renewal Fee: $210 Late Renewal Fee: $210 General Agent Line of Authority Combination: A (1-2) Appts Renewal Fee: $2102 Late Renewal Fee: $2102 General Agent Line of Authority Combination: B (3+) Appts Renewal Fee: $10514 Late Renewal Fee: $10514 Insurance Consultant Renewal Fee: $840 Late Renewal Fee: $840 Limited Life Renewal Fee: $630 Late Renewal Fee: $630 Limited Travel Renewal Fee: $630 Late Renewal Fee: $630 Manager Line of Authority Combination: A (1-2) Appts Renewal Fee: $2102 Late Renewal Fee: $2102 Manager Line of Authority Combination: B (3+) Appts Renewal Fee: $10514 Late Renewal Fee: $10514 Reinsurance Intermediary Manager Line of Authority Combination: A (1-2) Appts Renewal Fee: $2102 Late Renewal Fee: $2102 Reinsurance Intermediary Manager Line of Authority Combination: B (3+) Appts Renewal Fee: $10514 Late Renewal Fee: $10514 Solicitor Renewal Fee: $104 Late Renewal Fee: $104 Viatical Settlements Broker Renewal Fee: $1050 Late Renewal Fee: $1050 Viatical Settlements Investment Agent Renewal Fee: $1050 Late Renewal Fee: $1050 Nonresident: Insurance Producer Renewal Fee: $1682 Late Renewal Fee: $1682 Authorized Person Renewal Fee: $0 Late Renewal Fee: $0 Fee Disclaimers: Fee is paid by affiliated business entity. Authorized Representative Renewal Fee: $1682 Late Renewal Fee: $1682 Independent Adjuster Renewal Fee: $420 Late Renewal Fee: $420 Public Adjuster Renewal Fee: $420 Late Renewal Fee: $420 Reinsurance Intermediary Manager Renewal Fee: $1662 Late Renewal Fee: $1662 Reinsurance Intermediary Producer Renewal Fee: $1662 Late Renewal Fee: $1662 Surplus Lines Broker Renewal Fee: $1050 Late Renewal Fee: $1050 Viatical Settlements Broker Renewal Fee: $2102 Late Renewal Fee: $2102 Viatical Settlements Investment Agent Renewal Fee: $2102 Late Renewal Fee: $2102
90 days before expiration
Last day of birth month every 2 years based on year of first state license issue
90 days before expiration
Last day of birth month every 2 years based on year of first state license issue
Late renewal allowed for 30 days after expiration
No
No
Residence, Business, and Mailing
Surplus Lines Broker, Limited Life, Solicitor, Independent Adjuster, Insurance Producer, Emergency Public Adjuster, Authorized Representative, Authorized Person, Insurance Consultant, Public Adjuster, General Agent, Reinsurance Intermediary Manager, Viatical Settlements Broker, Viatical Settlements Investment Agent, Emergency Adjuster, Provisional Authorized Representative, Service Contracts Provider, Attorney-In-Fact, Manager, Emergency Independent Adjuster, Insurer, Reinsurance Intermediary Producer
No
Agency
No
Yes
No
90 days prior to license expiration date until expiration date. Reinstatement period begins four days after expiration and ends one year after expiration date.
Adjuster
Yes
No
No
FL
AK, AL, AR, AZ, CA, CT, DE, GA, HI, ID, IN, KY, LA, ME, MI, MN, MS, MT, NC, NH, NM, NV, NY, OK, SC, TX, UT, VT, WA, WV, WY
Automobile & Accidents, Marine, Transportation, Fire and Allied Lines
Licensing Fee (Individual): $420 Amendment Fee: $0 Reinstatement Fee: $420 Renewal Fee: $420
Yes
Biennially, on the last day of the individuals birth month. Business entities should refer to the expiration date as the renewal due date.
DRLP required for business entities. If non resident, the individual must hold an equal license in their resident state. They also cannot hold any other license type outside of independent adjuster.
LOAs for the Emergency Independent Adjuster License: Automobile & Accidents, Marine, Transportation, Fire and Allied Lines. DRLP required for business entities. A $10,000 surety bond is required. Licensing fee (emergency public and independent adjusters): $250 This license will remain active for 6 months and is non renewable.
Continuing Education
24
2 years
Last day of birth month
Year of first license issuance
Prior to license expiration.
3 ethics, 4 in Puerto Rico legislative
https://agentsync.io/blog/individual-producers/insurance-continuing-education-puerto-rico
FAQs
-
How Do I Get an Insurance License in Puerto Rico?
-
How Do I Get an Insurance Adjuster License in Puerto Rico?
-
How do I renew my license in Puerto Rico?
-
How do I renew my non-resident insurance license in Puerto Rico?
-
How Do I renew My Non-Resident Adjuster License in Puerto Rico?
-
How Do I Renew My Adjuster License In Puerto Rico?