50-State Insurance Licensing Compliance Guide

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Guide Contents

Overview

Delaware Insurance License

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Licensing requirements for Delaware insurance professionals and companies.

This page provides an overview of insurance licensing in Delaware for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.

Companies that provide insurance producer services in Delaware must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.

Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.

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Delaware Insurance Company Licenses
Delaware Individual Insurance Licenses

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Company Licenses

Insurance Adjuster Business

(2)

Insurance Agency

(1)

Insurance Producer Business

(5)

Life/Viatical Settlement Agency

(4)

Limited Lines Producer Business

(2)

Other Insurance Agency

(4)

Third Party Administrator Business

(1)

Utilization Review

(1)

Individual Licenses

Insurance Adjuster

(7)

Insurance Agent

(1)

Insurance Producer Individual

(2)

Limited Lines Producer Individual

(2)

Other Insurance Individual

(8)

Surplus Lines Producer/Broker

(2)

Company Licenses

Delaware Insurance Company Licenses

Delaware 17B Travel License - Non-Resident

Agency:	Delaware Department of Insurance
Foreign Qualification is Prerequisite:	Not Set
Exam Required?	Not Set
Registered Agent (Special Agency) Required?	Not Set

Filing Method:	Online
Agency Fee:	$1,000
Due:	By February 28 of odd-numbered years.

Agency:	Delaware Department of Insurance
Form:	http://www.delawareinsurance.gov/services/renewlicense.shtml
Agency Fee:	Varies by insurance type. Baseline of $75

Law:	18 Del. Admin. Code § 1406-2.0
Foreign Qualification is Prerequisite:	No
Exam Required?	Not Set
Registered Agent (Special Agency) Required?	No

Form:	Uniform Application for License/Registration
Instructions:	Resident Checklist or Non-Resident Checklist
Agency Fee:	$500
Notes:	The applicant must apply for and be issued a license in their home state prior to applying for a license in Delaware. The board must complete a Resolution Authorizing Appointment of the firm's agent for service of process If you are using a DBA or Trade Name, the alternative name must be registered with Office of the Prothonotary of each county in which business is transacted. If you are going to do business in New Castle and/or Kent and/or Sussex Counties, then you MUST register with each respective Prothonotary's Office.
Before you Apply:	Applicants must provide all basic organizational documents of the applicant, including any articles of incorporation, articles of association, partnership agreement, trade name certificate, trust agreement, shareholder agreement, and other applicable documents and all amendments to such documents Applicants must provide a copy of the bylaws, rules, regulations or similar documents regulating the internal affairs of the applicant Individual responsible for the conduct and affairs of the applicant company must complete An NAIC Biographical Affidavit. Must include all members of: the board of directors board of trustees the executive committee or other governing board or committee the principal officers in the case of a corporation or the partners or members in the case of a partnership, association or limited liability company any shareholders or member holding directly or indirectly ten percent (10%) or more of the voting stock, voting securities or voting interest of the applicant any other person who exercises control or influence over the affairs of the applican Audited annual financial statements or reports for the two (2) most recent fiscal years that prove that the applicant has a positive net worth. If the applicant has been in existence for less than two (2) fiscal years, the Uniform Application shall include financial statements or reports, certified by an officer of the applicant and prepared in accordance with GAAP, for any completed fiscal years, and for any month during the current fiscal year for which such financial statements or reports have been completed. An audited financial annual report prepared on a consolidated basis shall include a columnar consolidating or combining worksheet that shall be filed with the report and include all of the following: amounts shown on the consolidated audited financial report shall be shown on the worksheet amounts for each entity shall be stated separately explanations of consolidating and eliminating entries must be included The applicant must also include such other information as the Commissioner may require in order to review the current financial condition of the applicant A statement describing the business plan including information on staffing levels and activities proposed in this state and nationwide. The plan must provide details setting forth the applicant's capability for providing a sufficient number of experienced and qualified personnel in the areas of claims processing, record keeping, and underwriting Additional information or clarification at the discretion of the Commissioner. A list of all states in which the applicant holds a license, including the license number and issuing authority The Commissioner may refuse to issue a certificate of authority or license if the Commissioner determines that the administrator, or any individual responsible for the conduct of affairs of the administrator is not competent, trustworthy, financially responsible or of good personal and business reputation, or has had an insurance or an administrator certificate of authority or license denied or revoked for cause by any jurisdiction, or if the Commissioner determines that it is appropriate A certificate of authority or license issued under this section will remain valid, unless surrendered, suspended or revoked by the Commissioner, for so long as the administrator continues in business in this state and remains in compliance with this Regulation. Submitting the following documents is not required for the application, however, the Commission requires that applicants and licensees keep copies of and produce on demand the following: Copies of all contracts with insurers or other persons utilizing the services of the administrator. A list of its accounts, records, and files for examination, and make its officers available to give information with respect to its affairs, as often as reasonably required by the Commissioner. Provide a list of all owners, partners, officers and directors of the applicant with a 10% or greater interest in the organization Name Title Social Security Number Percentage of Ownership Answer questions about the current and prior conduct of the applicant and its officers, directors, and employees
Required Attachments:	Surety Bond (if applicable) All basic organizational documents and amendments A copy of the organization's bylaws, rules, regulations or other applicable governing documents NAIC Biographical Affidavits for all officers, directors, and key employees Audited financial statements or alternative financial reports A business plan statement At the commissioner's request: Copies of all contracts for services provided by the administrator A list of its accounts, records, and files for examination A list of all owners, partners, officers and directors of the applicant with a 10% or greater interest in the organization Original Letter of Certification from the resident license/registration jurisdiction dated within 90 days of applications Copies of your resident license/registration are not acceptable.
Bond Amount:	$100,000 or 10% of the aggregate total amount of self-funded coverage under church plans or governmental plans handled in the administrator's home state and all additional states in which the administrator is authorized to conduct business.

Form:	Third Party Administrator Annual Renewal Form
Filing Method:	Mail to: Company Regulation (BERG) Delaware Department of Insurance 1351 West North Street, Suite 101 Dover, DE 19904
Agency Fee:	$100
Due:	Annually by July 1st. Renewals can be filed as early as 60 days prior to the due date.
Required Attachments:	Resident TPA's A copy of the audited financial report verified by at least tow officers for the period ending as of the preceding calendar year A letter of explanation must be included if submitting the renewal without the audited financial report A list of the complete names and addresses of all insurers with which the administrator had agreements during the preceding fiscal year. Officer verification forms to accompany the audited financials Non-Resident Certificate of Authority (TPA License) from home state

Compliance Software

Compliance Services

Delaware Insurance License

Company Licenses

Delaware Insurance Company Licenses

Delaware 17B Travel License - Non-Resident

Initial Registration

Registration Renewal

Delaware 17B Travel License - Resident

Initial Registration

Registration Renewal

Delaware Appraiser License - Non-Resident

Initial Registration

Registration Renewal

Delaware Appraiser License - Resident

Initial Registration

Registration Renewal

Delaware Bail Producer License - Resident

Initial Registration

Registration Renewal

Delaware Fraternal Producer License - Non-Resident

Initial Registration

Registration Renewal

Delaware Fraternal Producer License - Resident

Initial Registration

Registration Renewal

Delaware Insurance Agency License

Initial Registration

Registration Renewal

Delaware Insurance Producer License - Non-Resident

Initial Registration

Registration Renewal

Delaware Insurance Producer License - Resident

Initial Registration

Registration Renewal

Delaware Limited Lines Producer License - Non-Resident

Initial Registration

Registration Renewal

Delaware Limited Lines Producer License - Resident

Initial Registration

Registration Renewal

Delaware Public Adjuster License - Non-Resident

Initial Registration

Registration Renewal

Delaware Public Adjuster License - Resident

Initial Registration

Registration Renewal

Delaware Third Party Administrator License

Initial Registration

Registration Renewal

Delaware Utilization Review License

Delaware Viatical Settlement Broker License - Non-Resident

Initial Registration

Registration Renewal

Delaware Viatical Settlement Broker License - Resident

Initial Registration

Registration Renewal

Delaware Viatical Settlement Provider License - Non-Resident

Initial Registration

Registration Renewal

Delaware Viatical Settlement Provider License - Resident

Initial Registration

Registration Renewal

Individual Licenses

Delaware Individual Insurance Licenses

Delaware 17B Travel License - Non-Resident

Initial Registration

Registration Renewal

Delaware 17B Travel License - Resident

Initial Registration

Registration Renewal

Delaware Adjuster License - Non-Resident

Initial Registration

Registration Renewal

Delaware Adjuster License - Resident

Initial Registration

Registration Renewal

Delaware Appraiser License - Non-Resident

Initial Registration

Registration Renewal