Portable Electronics (Business Entity ONLY)
Definition
PORTABLE ELECTRONICS (Business Entity ONLY) – Insurance for the repair or replacement of a portable electronic device because of loss, theft, mechanical failure, malfunction, damage or other similar causes of loss. It does NOT include:
- An extended warranty, as defined in section 42-260 of the general statutes, as amended by this act
- An insurance policy covering a seller's or manufacturer's obligations under a warranty
- Or a homeowners, renter's or other insurance policy that includes coverage similar to portable electronics insurance.
Applicable Statutes
C.G.S. §38a-397 – see Title 38a* Insurance
Fees
Initial: $600.00
Reinstatement: $600.00
Renewal: $450.00
No pro-rating, non-refundable $100.00 application fee.
Duration
Two (2) years – Renews January 31st each EVEN year.
How to Apply
- Apply by going to National Insurance Producer Registry (NIPR).
- Complete the Portable Electronic 2nd Application and attached to the NIPR warehouse.
Designated Responsible Licensed Person (DRLP)
A Designated Responsible Licensed Person (DRLP) is a licensed individual appointed by a business entity to be responsible for the entity’s insurance license. In many license types, a DRLP is required to ensure the business entity has appropriate licensed oversight.
Portable Electronics License Exception:
A DRLP is NOT required for a Portable Electronics license.
Business entities applying for this license type do not need to designate or maintain a DRLP, even though this license is issued to business entities only.
How to Renew
- Renewal notices are EMAILED about 90 days before the expiration date.
- Apply by going to National Insurance Producer Registry (NIPR).
- Complete the Portable Electronic 2nd Application and attached to the NIPR warehouse.
How to Amend Lines of Authority
Not applicable.
How to Reinstate a License
- Apply by going to National Insurance Producer Registry (NIPR).
- Complete the Portable Electronic 2nd Application and attached to the NIPR warehouse.
How to change License information (ie.: email and address)
Update your License Information
Print a copy of the license
Initial Education Requirements
Not applicable.
Waivers due to Designations
None
Renewal Continuing Education (CE) Requirements
Not applicable.
Cancel License
License Voluntary – Surrender Request