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  • Ca Lic 447-54t 2018

Get Ca Lic 447-54t 2018-2026

State of CaliforniaDepartment of InsuranceAction Notice of Termination LIC 44754T (Rev 12/2018)Pursuant to Sections 1704 through 1707 and 1756 of the California Insurance Code Insurer Name: FEIN NAIC.

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How to fill out the CA LIC 447-54T online

The CA LIC 447-54T form is an important document for terminating the appointment of licensees in the State of California. This guide provides clear, step-by-step instructions to help you complete the form successfully online.

Follow the steps to complete the CA LIC 447-54T online.

  1. Click ‘Get Form’ button to access the form and open it for editing.
  2. Enter the 'Insurer Name' in the designated field to identify the company terminating the appointment.
  3. Provide the 'FEIN' (Federal Employer Identification Number) and the 'NAIC #' in their respective fields for identification purposes.
  4. Select the appropriate 'Termination Type' from the provided options. You may only choose one termination type per line.
  5. Fill in the 'National Producer Number (NPN)' associated with the agent whose appointment is being terminated.
  6. Enter the 'License #' of the agent to provide further identification.
  7. Specify the 'Effective date of termination,' ensuring it reflects the accurate date for the termination to take effect.
  8. Include the name of the individual as shown on the license, ensuring it matches the records.
  9. If applicable, attach a signed statement if the termination is due to violations of the California Insurance Code.
  10. Have the authorized officer of the company provide their signature, official title, phone number, date, and email address.
  11. Calculate the filing fee by entering the number of terminations and multiplying by $32, then prepare to submit this amount.
  12. Once all fields are completed, ensure your information is accurate, then save your changes and prepare to download, print, or share the form.

Complete your CA LIC 447-54T and submit it online to ensure a smooth termination process.

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The California Insurance Code requires that an insurer must have enough assets to cover its liabilities and for reinsurance of all outstanding risks.

The California Insurance Code are the codified California laws regarding insurance. The code not only covers requirements for home, auto, medical and business insurance policies, but also covers the licensing of bail bond agents, workers' compensation, motor club services, and other related business types.

How do I cancel or surrender my license? To cancel or surrender your license complete the License Cancellation Request Form LIC CC2. Follow the submission instructions on the form. Please allow seven to ten business days for processing.

Regulations Section 2695.5(b). 40 Calendar Days – Your insurer must immediately begin its investigation after receiving proof of claim. It must accept or deny your claim within 40 calendar days after receiving proof of claim unless the investigation cannot be completed within that time.

Section 150. 150. Any person capable of making a contract may be an insurer, subject to the restrictions imposed by this code.

In order for the California Insurance Code to be changed in any way, what is required? A bill must be approved by both houses of the California legislature. Once approved by both houses, the bill goes to the Governor for approval or veto, or it may also become law without action, positive or negative, by the Governor.

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