ILSA offers insurance licensing for individuals (agents and brokers) and agencies. We specialize in both resident and non-resident licensing for all U.S. states and territories. While some services shy away from anything more complicated than Property & Casualty and Life, Accident & Health, ILSA handles all available lines of authority. This includes not only Surplus Lines and Adjuster licenses, but Variable Annuity & Variable Life and Limited Lines. We even offer Third Party Administrator (TPA), Managing General Agent (MGA), and Risk Purchase/Risk Retention Group (RPG/RRG) licensing.
Understanding Your Producer Licensing Needs
Our first priority is understanding your licensing needs and making the the application process simpler. You request the individual and/or agency licenses you need by phone or email or via our secure Compliance Gateway. Your ILSA Compliance Coordinator puts together a project plan that meets your unique needs. This Project Cost Analysis (PCA) lets you know everything involved with getting those licenses.
Keeping track of all the different state requirements is a major issue for many producers. ILSA’s Licensing Specialists know every state’s requirements and can recommend the best practices for meeting your regulatory obligations.
Convenience, Accuracy and Security
The more times you enter information, the more opportunities you have for making mistakes. With ILSA, you enter your information once using our secure online Individual and Corporate Data Forms. Your information comes directly into our firewall-protected database, where our specialists check it for accuracy and completeness. We also compare the information you provide to that on file at the National Insurance Producer Registry (NIPR). If we find any discrepancies, we let you know immediately and help resolve them for you.
We then use this verified information to apply for licenses whenever you need them. Thanks to our Compliance Gateway, you have 24 hour access to ALL your license information in one place. You can see your license numbers, Lines of Authority and renewal dates. You can also track the progress of your current licensing projects.
ILSA Handles Everything
Getting your producer license, especially an agency license, actually involves many smaller tasks. Left undone, any one of these can delay the issue of your license. ILSA’s Licensing Specialists take care of details such as appointment requests and affiliations. Some specialty license types such (TPA, MGA, etc.) also require biographical affidavits, background checks and surety bonds. We provide all the services you need.
Our Licensing Specialists use the latest technology to submit your license applications. (We were among the first to offer electronic licensing.) But even if a specialty license requires a paper application, ILSA still makes it easy. We prepare all the necessary forms and gather any required supporting documents. Once you complete and sign all the documents, your Licensing Specialist submits them to the proper regulatory office for processing. We follow up with the state as needed and notify you when the license is issued.
We also help agencies obtain the proper business registrations with the Secretary of State and Department of Revenue in states that require such registrations.
After all, compliance begins with initial insurance licensing.