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SERVICES AND INFORMATION
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April 9, 2007
DISB Announces New Online Licensing Applications for Insurance Producers

Effective March 2007, the District of Columbia Department of Insurance, Securities and Banking (DISB) made several changes in its producer licensing processes and requirements. Among the changes include the complete elimination of paper transactions, modifications to Continuing Education requirements and the elimination of Pre-licensing education requirements.

DISB now accepts new and renewal license applications, company appointments and company terminations electronically through the National Insurance Producers Registry’s gateway at http://www.nipr.com/. Resident, business and mailing addresses must be changed electronically through “Online Licensee Services (OLS).” You may access this site through a link from the Department’s website at disb.dc.gov and select “Insurance.” Proceed to “Producers” and select “Online Licensee Services.” Through OLS producers may also print a copy of their license, view detailed license information and receive e-mail notifications. Additionally, resident producers may renew their licenses at this site.

Continuing Education (CE) Requirements have been modified to require a minimum of 24 hours of CE within the two year period preceding expiration of the license. This 24 hour minimum is required whether producers are licensed for one line of authority or multiple lines of authority. Of the 24 hours, three (3) hours are required in ethics; three (3) hours of Flood Insurance Training is required of all property and casualty producers. This is a one-time requirement at first renewal of the initial license.

DISB has eliminated pre-licensing education as a requirement to becoming licensed in the District of Columbia. Resident producers need only to schedule and pass the licensing examination administered by Promissor.