Changes to Louisiana Insurance Producer, Adjuster Licensing Begin Jan. 1
The Louisiana Department of Insurance has issued a reminder that producer and adjuster license renewals are changing in 2018.
Beginning in 2018, producers will file a single license renewal, which will renew all eligible lines on the license. Licensees will no longer renew in an even or odd year based on the lines of authority on the license.
The renewal date will continue to be based on the last day of the birth month but the renewal year will be determined by the license number. Licenses with even numbers licenses will renew in even years. Licensees with odd numbered licenses will renew in odd years. The renewal of the license will renew all lines eligible for renewal on the license.
Currently, all adjuster licenses renew in odd years. Individual licensees will continue to renew on the last day of the birth month but the license number will determine the renewal year. Licenses with even numbers licenses will renew in even years. Licensees with odd numbered licenses will renew in odd years.
The license renewals for both producer and claims adjuster business entities are also changing. The renewal date for both producer and adjuster entities will move from April 30 to March 31 in an even or odd year based on license number.
Exception – Licenses held for portable electronics will not have a change in renewal dates. The renewal date will remain as December 31 in odd years.
Effective with the January 2018 renewals:
Producer Renewal Fee
- $50 One Line (other than Surplus Lines)
- $55 Two or More Lines (Other than Surplus Lines)
- $350 Surplus Lines
- $200 Portable Electronics
- $50 Penalty for Late Filing
Adjuster Renewal Fee
- $50 All Lines
- $50 Penalty for Late Filing
Source: Louisiana Department of Insurance
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