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 Laws and Regulations
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). Under Licensing Center, select “Apply for a New License.”
- Complete the Portable Electronic 2nd Application and attached to the NIPR warehouse.
Designated Responsible Licensed Person (DRLP)
Business Entities Only: All states require that business entities or agencies appoint a licensed responsible person to serve as the agency's authority. The Designated Responsible Licensed Person (DRLP) must hold an active Connecticut license, whether resident or non-resident. While the lines of authority between the business entity and the DRLP need not match exactly, the license types must correspond.
There are no restrictions on the number of DRLPs that can be included on a license.
DRLP required: No
How to Renew
- Renewal notices are EMAILED about 90 days before the expiration date.
- Apply by going to National Insurance Producer Registry (NIPR). Under Licensing Center, select “Renew an Existing License.”
- 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). Under Licensing Center, select “Apply for a New License.”
- 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