Life Settlement Broker License Renewal: Business Entity
You may renew your license up to 90 days before your license expiration date.
If the Department of Insurance does not receive a complete and correct renewal application (including any additionally required materials) and the license fee on or before the expiration of your license, your license will expire, you will have to stop conducting insurance business and you will be required to pay an additional $100 as a late renewal fee.
APPLY TO RENEW YOUR LICENSE
- Use www.nipr.com to update license information and renew your license; OR,
- Download, complete, sign and mail/deliver Form L-192 with your fee payment.
PAY REQUIRED (NON-REFUNDABLE) FEE
$120.00 FOR EACH CLASS OF LICENSE EXCEPT
- You can pay with a credit card if you submit your application online through the National Insurance Producer Registry.
- You can pay by check or money order, made payable to "Insurance Licensing Section" if you send or deliver your payment with your license application and other required materials to the Department of Insurance.
AFTER WE HAVE REVIEWED YOUR APPLICATION...
We will review your application and you will receive one of the following:
- A notice telling you that your application was approved. Use License Search to view your license on our web site to ensure that your license information appears correctly. Use the National Insurance Producer Registry (NIPR) to correct or update information.
- A notice telling you that your renewal application was denied. The notice will tell you the reason for the denial and will provide you with instructions concerning your right to appeal the decision.
- A notice telling you that your renewal application was deficient. This notice will be emailed to you. You must provide the Department with any additional materials identified in the deficiency notice or accompanying instructions. You must cure all identified deficiencies or we may deny your license and you will forfeit the fees you paid.
NOTE: We do not produce paper license certificates. Licenses are accessible online through the LICENSE SEARCH option on our web site's main menu.
VIEW YOUR LICENSE
Your license will be available from the License Search option on this web site as soon as the Arizona Department of Insurance verifies you meet all license requirements. You will not receive a printed license certificate.
License applications can take up to one month to process. You must not conduct insurance business until you are licensed.
All insurance professionals (both residents and nonresidents) can apply for licenses, renew licenses, and update addresses and phone numbers online through the National Insurance Producer Registry (NIPR), at www.nipr.com.
NIPR license and renewal applications are easy to complete, and we can usually process them faster than applications that are mailed to us. NIPR charges a small transaction fee (around $5 to $7) to process a license application and fee payment. Many people have found that overall, the added convenience plus the time and postage savings are worth paying the fee.
USE NIPR FOR FREE to change an address, e-mail address or phone number!