Insurance Licensing Compliance Guide
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Mississippi Insurance License

An insurance agent inspecting the damages to a car

Licensing requirements for Mississippi insurance professionals and companies.

This page provides an overview of insurance licensing in Mississippi 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 Mississippi 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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Company Licenses

Mississippi Financial Services Company Licenses

Mississippi Collection Agency License

Not required



Debt Collection Agency licensure is not required on the State level in Mississippi.

Mississippi does not currently issue licenses for collection agencies.

Mississippi Insurance Agency License

Agency:Mississippi Insurance Department
Fact Checked:1/8/16

Initial Registration

This section applies to insurance firms that are applying for a license in Mississippi for the first time.

Agency:Mississippi Insurance Department
Form:

http://www.mid.ms.gov/licensing/entity-licensing.aspx

Agency Fee:

Varies by insurance type. Baseline of $50

Fact Checked:1/8/16

Registration Renewal

This section applies to insurance firms that are already licensed in Mississippi and need to renew their license.

Agency:Mississippi Insurance Department
Form:

http://www.mid.ms.gov/licensing/entity-licensing.aspx

Agency Fee:

Varies by insurance type. Baseline of $50

Due:

Varies by type

Fact Checked:1/8/16

Mississippi Insurance Producer Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Insurance Producer Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Limited Lines Credit Insurance Producer Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Limited Lines Credit Insurance Producer Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Limited Lines Self-Storage Insurance Producer Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Limited Lines Self-Storage Insurance Producer Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Limited Lines Travel Insurance Producer Business Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Limited Lines Travel Insurance Producer Business Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:5/6/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Managing General Agent License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Managing General Agent License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Portable Electronics Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$5,000

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$5,000

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Portable Electronics Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$5,000

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$5,000

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Private Review Agency Certification

Type of Review:

Medical Utilization Review

Agency:Mississippi State Department of Health
Law:

MS Code § 41-83-3

Notes:

No certificate is required for those private review agents conducting general in-house utilization review for hospitals, home health agencies, preferred provider organizations or other managed care entities, clinics, private physician offices or any other health facility or entity, so long as the review does not result in the approval or denial of payment for hospital or medical services for a particular case.

Fact Checked:2/5/21

Initial Registration

Agency Fee:

$1,150

Notes:

Contact the department for an application form.

Required Attachments:
  • Utilization review plan
  • A written protocol describing the appeals procedure
  • A copy of any form which shall be completed during the appeals procedure
  • Time frames that shall be met during the appeal procedure
  • The names and qualifications of personnel making final appeal determinations
Fact Checked:2/5/21

Registration Renewal

Agency Fee:

$1,150

Due:

Biennially by the date of issuance.

Notes:

Contact the department for a renewal form.

Fact Checked:2/5/21

Mississippi Public Adjuster Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$400

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$600

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Public Adjuster Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$400

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$600

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Reinsurance Intermediary Broker License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Reinsurance Intermediary Broker License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Reinsurance Intermediary Manager License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Reinsurance Intermediary Manager License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Supervising General Agent Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Supervising General Agent Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Third Party Administrator License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Biennially

Fact Checked:4/29/21

Mississippi Third Party Administrator License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Biennially

Fact Checked:4/29/21

Mississippi Viatical Settlement Broker Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Viatical Settlement Broker Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Viatical Settlement Provider License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Viatical Settlement Provider License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Viatical Settlement Representative Entity License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by May 31.

Fact Checked:4/29/21

Mississippi Viatical Settlement Representative Entity License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by May 31.

Fact Checked:4/29/21

Individual Licenses

Mississippi Individual Financial Services Licenses

Mississippi Automobile Club Agent License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$5

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$5

Due:

Biennially by May 30.

Fact Checked:4/29/21

Mississippi Burial Agent License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$5

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$5

Due:

Biennially

Fact Checked:4/29/21

Mississippi Independent Adjuster License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:5/6/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by May 30.

Fact Checked:7/7/21

Mississippi Independent Adjuster License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by May 30.

Fact Checked:4/29/21

Mississippi Insurance Agent License

Agency:Mississippi Insurance Department
Fact Checked:12/31/20

Initial Registration

This section applies to insurance agents that are applying for a license in Mississippi for the first time.

Agency Fee:

From $5 to $100 depending on license type

Fact Checked:6/1/17

Registration Renewal

Filing Method:

Online

Agency Fee:

Varies based on license type + $1 online application fee

Due:

Biennially

Fact Checked:1/5/21

Mississippi Insurance Producer License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Insurance Producer License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Legal Agent License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$10

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$10

Due:

Biennially by February 28

Fact Checked:4/29/21

Mississippi Legal Agent License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$10

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$10

Due:

Biennially by February 28

Fact Checked:4/29/21

Mississippi Limited Lines Insurance Producer License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Limited Lines Insurance Producer License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Limited Lines Self-Storage Insurance Producer License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Limited Lines Self-Storage Insurance Producer License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Managing General Agent License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Managing General Agent License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Public Adjuster License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:5/6/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by May 30.

Fact Checked:7/7/21

Mississippi Public Adjuster License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Biennially by May 30.

Fact Checked:4/29/21

Mississippi Reinsurance Intermediary Broker License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Reinsurance Intermediary Broker License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Reinsurance Intermediary Manager License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:5/6/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Reinsurance Intermediary Manager License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Risk Retention Agent License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially

Fact Checked:4/29/21

Mississippi Risk Retention Agent License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially

Fact Checked:4/29/21

Mississippi Supervising General Agent License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Supervising General Agent License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially by the end of the licensee's birth month.

Fact Checked:4/29/21

Mississippi Surplus Lines Insurance Producer License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially

Fact Checked:4/29/21

Mississippi Surplus Lines Insurance Producer License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

Biennially

Fact Checked:4/29/21

Mississippi Temporary Insurance Producer License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$100

Fact Checked:4/29/21

Renewal Not Required

Not required



Temporary licenses are valid for a period of 180 days and cannot be renewed.

Mississippi Viatical Settlement Broker License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by December 31.

Fact Checked:4/29/21

Mississippi Viatical Settlement Broker License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by December 31.

Fact Checked:4/29/21

Mississippi Viatical Settlement Representative License - Non-Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by December 31.

Fact Checked:4/29/21

Mississippi Viatical Settlement Representative License - Resident

Agency:Mississippi Insurance Department
Fact Checked:4/27/21

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Fact Checked:4/29/21

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Biennially by December 31.

Fact Checked:4/29/21

Learn about insurance licensing in other states:

Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.

Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.

Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.

Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.

Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.

Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.

Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.

Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.

Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.

Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.

Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.

National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.

National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.

National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.

National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.

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