North Carolina Insurance License Requirements

InsuranceLicenseExpress.com

All questions about licensure should be directed to:

Mailing Address:
Attn : Licensing
Agent Services Division
1204 Mail Service Center
Raleigh , NC 27699-1204

Voice : 919-807-6800
Fax : 919-715-3794 Attn: Licensing
Website : www.ncdoi.com
E-mail: Resident Licensing: ASDResidentLicensing@ncdoi.gov

Pre-License Requirements

STATE SPECIFIC REQUIREMENTS

• Applications that are pended by the state, for additional information or requirements, will be declined by the state if no response is received from the applicant within 30 days of the state's request. Supporting documents may be faxed to 919-715-3794 ATTN: Licensing.
• Variable Life & Variable Annuity Products applicants must hold active resident Life license or be applying for life license to be eligible for Variable Life & Variable Annuity Products
• Individual applicants - Applicant must be 18 years old or older as determined from the applicant's Date of Birth.
• Surplus Lines applicants must have an active Producer License with the Property LOA prior to applying for Surplus Lines
• Applicants (resident or non-resident) applying for Med Supp/Long Term Care must have an active producer license for Accident & Health or Sickness prior to applying for Med Supp/Long Term Care
• Business Entity applicants - Must be a Legal Business Type.
  1. 1 - Partnership
  2. 2 - Limited Liability Company
  3. 3 - Limited Liability Partnership
  4. 4 - Corporation
• Non-citizen must provide a copy of work authorization or green card
• Upon answering any of the background questions with a "YES" response, please send
  • A written statement explaining the circumstances
  • A certified copy of the official document which demonstrates the resolution of the charges or any final judgment
  • Send any required documents by going to https://pdb.nipr.com/docMgmt/jsp/docmgmt/terms.jsp and submitting the documents electronically through the Attachments Warehouse.
• Pursuant to NC General Statute 58-33-125, the fees for license renewals are non-refundable
• NC will only process applicants who do not require exams.
• Business entity application must be a legal business type. Sole Proprietor is not allowed.
• After passing the exam, applicants should wait 48-72 hours to complete the resident initial license application via www.nipr.com

FINGERPRINT RULES

• Effective 10/1/2010, fingerprints are required for the following initial insurance producer license classes: Producer (life, accident/health/sickness, property, casualty, personal, variable life/variable annuity), Surplus Lines, Broker, Credit Agent, Limited Representative (dental, motor club, pre-arrangement, travel/accident/baggage) Medicare Supplement/LTC, Auto Physical Damage, Title Insurance, Motor Vehicle Damage Appraiser, and Viatical Settlement Broker.
• These fingerprint requirements do not apply to insurance producers licensed prior to 10/1/2010 when adding additional lines of authority/licenses unless there are gaps of license authority in excess of 12 months or due to non-compliance with child support or continuing education.
• For the initial insurance producer license applicants, a $38.00 fingerprint fee is required and fingerprints must be electronically submitted for a state and federal criminal history background check following the instructions posted on the Department's website http://www.ncdoi.com/asd/asd_Fingerprint.asp.
• The Department must receive and review the application, the criminal history background record, and supporting documentation from any background or screening questions with a "yes" response" for licensure decision. Please be aware that this may add additional processing time of 4-6 weeks for license issuance.
• Effective 7/1/2010, individual public adjuster applicants and "key persons" of public adjuster business entities must also submit fingerprints following the instructions on the Department's website at: http://www.ncdoi.com/asd/asd_Fingerprint.asp.
• For the initial public adjuster license applicants and each "key person" of public adjuster business entities, a $38.00 fingerprint fee is required and fingerprints must be electronically submitted for a state and federal criminal history background check.

The Department must receive and review the application, the criminal history background record, and supporting documentation from any background or screening questions with a "yes" response" for licensure decision. Please be aware that this may add additional processing time of 4-6 weeks for license issuance.

North Carolina Candidate Handbook provides additional information regarding the examination procedures.

Securities License Requirements

Any securities professional associated with a member firm-including partners, officers, directors, branch managers, department supervisors, and salespersons-must register with the Financial Industry Regulatory Authority (FINRA). The registration application requires information about the individual's prior employment and disciplinary history. FINRA prescribes two levels of qualification and registration:

• Registered representatives, generally sales personnel
• Principals, generally officers of the firm and other management personnel involved in the day-to-day operation of the firm's investment banking or securities business

As part of the registration process, securities professionals must pass examinations administered by FINRA to demonstrate competence in the areas in which they will work. These mandatory qualification examinations cover a broad range of subjects on the markets, as well as the securities industry and its regulatory structure, ensuring a minimum level of understanding and expertise. For additional information, you should consult with your broker-dealer management team. You may also visit FINRA's website for detailed information.