Key Information:
The Connecticut Department of Insurance will provide electronic appointment renewal processing with the National Insurance Producer Registry (NIPR).
- All terminations must be posted to the NIPR's PDB by April 15, 2024. There are no fees to terminate appointments.
- On May 1, 2024 the NIPR website will display the invoices and a list of appointments due for the renewal.
- The NIPR website is: www.nipr.com.
- Payments for the Connecticut Appointment Renewals must be received by NIPR through the Electronic Options made available by May 31, 2024.
- Electronic payment options offered by NIPR will immediately reflect the invoices as paid and will forward payment and renewal transactions to Connecticut within 24 hours of that payment.
- All appointment transactions will continue to be processed as usual with NIPR during renewals.
- All appointments added on and after April 15, 2024 will not need to be renewed for the current year and will be included on the next renewal cycle in 2026.
- Appointment Renewal and NIPR processing fees are non-refundable.
- Licenses with an “Expired” status may show active appointments. You will NOT be billed for these appointments.
PENALTY FOR LATE PAYMENTS:
Payments made after May 31, 2024 will automatically be assessed 10% of the invoice with a maximum of $15,000.00. The late fee will be included in the final amount due.
NOTE: NO PAPER CHECK
- Companies that submit a payment to NIPR via paper check will not have their renewal invoice processed and will have the payment returned to them.
- Payments must be made electronically (electronic checks will be accepted) No paper checks at all. NIPR is not responsible for any renewal late fees that may be incurred after May 31, 2024.
NIPR Transaction Fees:
NIPR Renewal processing fees will equal 1% of the total state fee charged with a minimum of $5 and a maximum of $1,000.00.
Example:
# of appts: 100
Price per appointment: $10.00
Total State Fee: $1,000.00
Transaction fee is 1% of state fee.
*NIPR fees are not refundable
Payment Method and other Fees:
Credit Card (no fee)
- Visa, MasterCard, or American Express
Electronic Check (no fee)
- There are no check processing fees for utilizing the electronic check payment method, but NIPR transaction fees will apply
- A few banks or credit unions may not participate in electronic check services. If your bank needs a pre-authorization to use this electronic check service, you will need to provide your financial institution with this information: NIPR ACH-9098504041.
Processing Fee:
- A fee of 3.5% of the invoice amount may be assessed to the total payment.
- NIPR transaction fees are non-refundable.
Late Fee:
10% of total premium to a maximum of $15,000.00