Table of Contents
ReSource Pro Compliance 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, we handle 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) and Reinsurance Intermediary licensing.
Understanding Your Licensing Needs
Our priority is understanding your licensing needs and making the application process simpler. You request the individual and/or agency licenses you need by phone or email or via our secure Compliance Gateway. We put together a project plan that meets your unique needs and lets you know up front everything involved with getting those licenses.
Keeping track of all the different state requirements is a major issue for many producers. Our 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. Our secure online Individual and Corporate Data Forms allow you to enter information once. The information comes directly into a firewall-protected database, where 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.
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, renewal dates, and more. You can also track the progress of current licensing projects.
Getting your producer license, especially an agency license, involves many smaller tasks. Left undone, any one of these can delay the issue of your license. Our licensing experts take care of details such as appointment requests and affiliations. Some specialty license types (TPA, MGA, etc.) also require biographical affidavits, background checks and surety bonds. We provide all the services you need.
Our specialists use the latest online technology to submit your license applications. But even if a license requires a paper application, ReSource Pro still makes it easy. We prepare all the necessary forms and gather any required supporting documents. Once you complete and sign all the documents, we submit them to the proper regulatory office for processing. We also 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 – especially in states that require such a Certificate of Authority as a prerequisite for agency licensing.
After all, compliance begins with initial insurance licensing.