California Occupational License
Department of Insurance
Special Lines' Surplus Line Broker
Producer Licensing Bureau
Licensing Agency Contact Information:
License Requirements, Fees, and Examination Information:
||320 Capitol Mall
Sacramento, CA 95814 - 4309
| Phone Number:
| Fax Number:
| Internet Address:
A Special Lines' Surplus Line Broker is a person who places the following types of insurance with non-admitted insurers: A)Insurance against perils of navigation, transit or transportation upon hulls, freights or disbursements, or other shipowner interests; upon goods, wares, merchandise and all other personal property and interests therein, in course of exportation from or importation into any country or transportation coastwise, including transportation by land or water from point or origin to final destination and including war risks; and marine builder's risks, dry docks and marine railways, including insurance of ship repairer's liability, and protection and indemnity insurance, but excluding insurance covering bridges or tunnels; B)Aircraft insurance; and C)Insurance on property or operations of railroads engaged in interstate commerce.
Occupations To Which This License Applies:
• Minimum Age: 18 years
• Residency: California residency is not required
• Experience: Must hold a Property Broker-Agent and Casualty Broker-Agent
license in resident state
• Entity Types: Individual and Business Entity
Fees: Individual Application: $534 for Surplus line brokers who are only transacting on behalf of a licensed surplus line broker business entity; $1,070 for brokers who do not only transact on behalf of a special lines' surplus line broker business entity.
Organization application: $1,070 (two year term)
Renewal: $534 or $1,070 as noted above for two-year term
Fingerprint processing fee: None
Bond Information: Special lines' Surplus Line brokers who are only transacting on behalf of a licensed surplus line broker business entity are not required to file a bond. All other Special lines' Surplus Line Brokers must comply with the $10,000 bond requirement.
For more information: http://www.insurance.ca.gov/0200-industry/0050-renew-license/0200-requirements/special-lines-surplus.cfm#act.
Section 1760.5 of the California Insurance Code.
|Occupation Title||SOC Code
|Insurance Sales Agents ||413021 |