Puerto Rico Insurance Agency license
Puerto Rico Requires Insurance Agency companies to be Licensed
Puerto Rico Insurance Agency licensing: Puerto Rico requires companies to be licensed as an Insurance Agency. Companies must also still comply with federal, state and local laws. Other licenses or permits may be required depending on the nature of each particular business.
Certificate of Authority
With certain limited exceptions, a Puerto Rico Certificate of Authority is required if a company does business in Puerto Rico regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of Puerto Rico requires companies not incorporated in Puerto Rico to obtain before “transacting business” within the state borders of Puerto Rico.
License Fees
The filing fee for getting licensed as an Insurance Agency in Puerto Rico is: Call for a free quote.
The filing fee for an Puerto Rico Certificate of Authority is $150.
Do you want to check on other states’ requirements for obtaining a New Insurance Agency license? Click here.
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Want to verify if an existing company is licensed in Puerto Rico as an Insurance Agency? Click here.