Puerto Rico Seal

Puerto Rico

state commissioner

Alexander S. Adams Vega

STATE phone
(787) 304-8686
STATE LICENSE DIVISION ADDRESS

Office of the Commissioner of Insurance

Appointments & Terminations

Required to report appointments?

Yes

Permits Just-in-time (JIT) appointments?

Yes

Initial appointment deadlines

Within 15 days of contract execution

Initial appointment deadline rule

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

Can be processed via nipr?

Yes

Appoint agencies?

Yes

Adjuster appointments via NIPR?

No

Appointment effective date can be specified?

Yes

Appointment effective date rule

Effective date is required. Requested effective date may be backdated up to 15 days from the current date.

State requires appointment renewal?

No, perpetual

Terminations processed via NIPR?

Yes

Termination reasons

Voluntary termination; inadequate production; death; company defunct or liquidation; company indebtedness; poor policyholder service; appointed in error; request regulatory review

Termination date can be specified by carrier?

Yes

Termination Effective date rule

Required. May be backdated up to 15 days from the current date. Must not precede the effective date of the appointment

Termination notes

The state has perpetual appointments that don’t require renewals unless a license has become inactive for more than 30 days

Allows carriers to terminate the appointment if license has expired?

Yes

Licensing

Initial individual new license fee

Resident New License Insurance Producer Fee: $1050 Non Resident New License Insurance Producer Fee: $1682

License renewal fee

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

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Late renewal or reinstatement period for nonresident individual producer license?

Late renewal allowed for 30 days after expiration

Can a producer use a P.O. Box in their resident or business address?

No

Are individuals required to list their county as part of the address?

No

What addresses are required for individual license maintenance?

Residence, Business, and Mailing

State individual licenses include

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

State recognizes a licensing exemption for nonresident commercial lines producers with multistate contracts?

No

Requires pre licensing courses?

No

Prelicense education requirement

Background Check Required?

Yes – Full criminal history

State-specific license requirements

Tax clearance
No child support in arrears
Bond
High school diploma or GED

Where to apply for resident license?

NIPR Gateway

Other licensing notes

Producer applicants are required to submit a $10,000.00 bond in favor of the Commonwealth of Puerto Rico to the Office of the Commissioner of Insurance of Puerto Rico. A copy can be submitted after application is completed to cumplimiento@ocs.pr.gov in order to process the license but original bond is required for it to become valid. Bond must be notarized. If notary is outside of Puerto Rico, a copy of the Notary's certificate from the Secretary of State must be provided with bond. Please visit the following link to download document: https://www.nipr.com/state_contacts/puerto_rico_state_contact.htm

What Transactions are Retaliatory Fees Applied to?

None

Submit Partial License Renewals through NIPR?

No

Has Personal Lines LOA?

No

Deadline to report personal data changes (address, name change, phone number, etc.)

Contact Change Request supported via NIPR Gateway.

Agency

Can a sole proprietor be licensed as an entity?

No

DRLP must have active state license

Yes

DRLPs must cumulatively cover all LOAs in application

No

Agency Licensing renewals

90 days prior to license expiration date until expiration date. Reinstatement period begins four days after expiration and ends one year after expiration date.

Deadline to report key business entity changes (address, dba, phone, email, etc.)

Contact Change Request supported via NIPR Gateway.

Adjuster

Requires adjuster license?

Yes

Offers designated home state?

No

DHS exam required?

No

Reciprocity states

FL

Which states require an exam for reciprocity?

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

Independent adjuster LOAS

Automobile & Accidents, Marine, Transportation, Fire and Allied Lines

Independent adjuster fees

Licensing Fee (Individual): $420 Amendment Fee: $0 Reinstatement Fee: $420 Renewal Fee: $420

Independent adjuster exam required?

Yes

Public Adjuster Renewal Period

Biennially, on the last day of the individuals birth month. Business entities should refer to the expiration date as the renewal due date.

Independent adjuster details

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.

Emergency adjuster details

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.

Public Adjuster LOAs

Automobile & Accidents, Marine, Transportation, Fire and Allied Lines

Public adjuster fees

Licensing Fee (Individual): $420.00 Amendment Fee: $0.00 Reinstatement Fee: $420.00 Renewal Fee: $420

Public adjuster exam required?

Yes

Address change request through NIPR?

No

Continuing Education

Total hours per renewal period

24

Renewal period

2 years

License renewal date is

Last day of birth month

License renewal year based on...

Year of first license issuance

When is the CE due?

Prior to license expiration.

Exemptions to CE

Ethics requirements

3 ethics, 4 in Puerto Rico legislative

FAQs