JAMES J. DONELON COMMISSIONER OF INSURANCE STATE OF LOUISIANA P.O. Box 94214 Baton Rouge, Louisiana 70804-9214 Phone (225) 342-5900 Fax (225) 342-3078 http://www.ldi.state.la.us ANNUAL RENEWAL OF.
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How to fill out the Risk Purchasing Group Renewal Application - Louisiana online
This guide provides clear and supportive instructions on completing the Risk Purchasing Group Renewal Application for Louisiana. By following these steps, users can efficiently fill out this important form online.
Follow the steps to complete your application online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- In Section 1, provide the general information for the risk purchasing group, including the group name, Federal Employer Identification Number (FEIN), domicile, home office address, contact title, contact name, fax number, phone number, contact address, and email address.
- Section 2 requires listing all insurance companies from which the group is purchasing. Provide the company name, domicile, and National Association of Insurance Commissioners (NAIC) number for each listed company.
- In Section 3, include payment information by indicating the renewal fee. Ensure that you refer to the Retaliatory Fee Schedule to confirm the correct amount based on your state of domicile.
- Section 4 asks for a detailed list of management and owners. Include the full name (no initials), social security number, date of birth, position, and percent of ownership for each responsible person within the group.
- In Section 5, answer all interrogatories truthfully. If applicable, provide explanations for any 'yes' answers, particularly regarding past regulatory actions or changes in the group's structure.
- Section 6 requires producer information. Fill in the name, address, and Louisiana license number of the insurance producer through whom the group will purchase insurance.
- Finally, the group representative must sign and date the renewal application affirming that all information provided is true and complete. Review all sections for accuracy before finalizing.
- After completing the form, save your changes, and choose the option to download, print, or share the document as needed.
Start completing your Risk Purchasing Group Renewal Application online today!
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Get answers to your most pressing questions about US Legal Forms API.
How often must producer licenses be renewed in Louisiana?
The license term is every 2 years based on the last day of the producer's birth month in odd- or even-numbered years. Licenses renew on the last day of the birth month with the license number determining the renewal year.
What is a risk purchasing group fee?
A Risk Purchasing Group (RPG) is a legal entity that allows a group of unassociated businesses with similar risk profiles to join together to take advantage of a joint insurance purchase. The program was established under the Federal Liability Risk Retention Act of 1986.
How do I renew my Louisiana life insurance license?
Licensees can file a license renewal online in one of two ways: Industry Access Portal: Producers and adjusters may file a renewal through the Producer/Adjuster Portal Module in Industry Access. The option for renewal will appear ninety days before expiration of the license.
How often must an insurance producers license in Louisiana be renewed?
The license term is every 2 years based on the last day of the producer's birth month in odd- or even-numbered years. Licenses renew on the last day of the birth month with the license number determining the renewal year.
Why can't I renew my license online Louisiana?
You cannot renew online if your name or address has changed, or your LA driver's license has been lost, stolen, or damaged. You must renew it in person. If your Louisiana driver's license has been expired for more than 10 days, you can still renew it, but you must pay an additional $15 late fee.
What does risk purchasing group mean in insurance?
A risk purchasing group (RPG) is a group formed in compliance with the Risk Retention Act (RRA) of 1986 authorizing a group of insureds engaged in similar businesses or activities to purchase insurance coverage from a commercial insurer.
How much does it cost to renew your insurance license in Louisiana?
How to Renew Your Insurance License in Louisiana Louisiana Insurance License Renewal and CE RequirementsExpiration TimeEvery 2 yearsRequired Continuing Education (CE)24 credit hoursRenewal Cost$50 per license (one line only)$55 (two or more lines) + CE course costRecommended CE CourseKaplan Education Company Feb 14, 2023
How long after your license expires do you have to retake the test in Louisiana?
You must do this within ten days of your current license expiration date. If you wait longer than ten days after the expiration of your current license, you will be charged additional fees and may also receive a traffic ticket.
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