What fees does SuranceBay Charge for State Licenses?

Jim Friend -

SuranceBay is integrated with the National Insurance Producer Registry (NIPR) to provide a streamlined process of renewing state-licenses or applying for new non-resident state licenses.

This integration saves users a significant amount of time and ensures that producer's license status is updated in SureLC.  CLICK HERE to see how SureLC keeps producer license status updated.  

LICENSE RENEWAL FEE BREAKDOWN

The following fees apply when renewing state licenses through SureLC, in addition to the State Fees:

  • $4 SureLC fee per-state license
  • $4.25 NIPR fee per license
  • $0.70 per transaction fee
  • 3% processing fee   

Example:

($100 State License Renewal Fee + $4 SureLC fee + $4.25 NIPR fee + $0.70 transaction fee) x 1.03 = $112.22 


NEW NON-RESIDENT LICENSE FEE BREAKDOWN

When applying for new non-resident state licenses, the following fees apply when applying for state licenses through SureLC which are in addition to the State Fees:

  • $4 SureLC fee per-state license
  • $4.25 NIPR fee per license
  • $0.70 per transaction fee
  • 3% processing fee    

Example:

($100 NRL State License Fee + $4 SureLC fee + $4.25 NIPR fee + $0.70 transaction fee) x 1.03 = $112.22

Please note: When processing license renewals and applying for new non-resident state licenses at the same time they will be processed as separate transactions. 

 

 

 

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