Premium finance companies - business entity resident

A premium finance licensee engages in the business of entering into insurance premium finance agreements. See RCW 48.56.020 (leg.wa.gov).

Application requirements

Submit a uniform application for a business-entity insurance license. This application must be completed on behalf of the company or by every producer that is financing premiums or signing contracts/agreements. Request form via email.

Each authorized individual must complete a uniform application for an individual insurance producer license. Request form via email.

Important: Review the additional instructions for completing uniform applications in Washington state listed below carefully.

If the authorized individual is not already licensed, they also need to submit a fingerprint card.

Corporations or LLCs must send a copy of their articles of incorporation or formation.

Firms must file their trade name with the Business Licensing Service (www.bls.dor.wa.gov) . A firm includes a partnership or sole proprietorship.

Fee schedule

  • License fee: $100
  • Fingerprint processing fee: $50 (if applicable)
  • Filing fee: $5

Make checks payable to: Washington Insurance Commissioner. You may combine all fees on one check.

Form instructions: Uniform applications for an individual or business-entity insurance license

For individual applications For business-entity applications

At the top of the "Jurisdiction and Type of License Requested" page there is a key for abbreviations in the grid.

 

Just below these abbreviations, there are categories for License Type, Major Lines of Authority and Limited Lines of Authority.

  1. Find the WA grid line in the "Jurisdiction" column.
  2. In the "Limited Lines of Authority" section, on the WA grid line, please write "Premium Finance" in the "Other" column.
  3. If you are not a citizen of the United States (Question 15 on your application), you must show proof of eligibility to work in the U.S. in order to obtain an insurance license. A copy of your Resident Alien card will meet this requirement. Visit the U.S. Bureau of Citizenship and Immigration Services website (www.uscis.gov) for details.

There are two "Jurisdiction and Type of License Requested" pages. One is for Major Lines of Authority. The other is for Limited Lines of Authority. At the top of each, there is a key for abbreviations in the grid.

 

Just below the abbreviations there are categories for Legal Business Type, License/Registration Type and Lines of Authority.

 

On the Limited Lines of Authority page:

  1. Find the WA grid line in the "Jurisdiction" column.
  2. In the "Limited Lines of Authority" section, on the WA grid line, please write "Premium Finance" in the "Other" column.

See also

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