The Missouri Department of Insurance, Financial Institutions and Professional Registration recently announced that it is now accepting electronic license applications from Missouri resident insurance producers.
This implementation makes Missouri one of only seven states currently participating in the resident program.
The process is administered through an effort with the National Insurance Producer Registry (NIPR), a non-profit affiliate of the National Association of Insurance Commissioners (NAIC). It allows insurance producers to logon to the NIPR Web site and complete one electronic application for all states in which they wish to apply for licensure.
“This process will benefit all insurance producers who conduct business in this state,” said Dale Finke, director of the Missouri Department of Insurance, Financial Institutions and Professional Registration. “I encourage all producers, especially those that reside in Missouri, to submit their license applications to the department online. This system eases regulatory burden and decreases the time it takes for producers to submit applications and receive approved licenses from the department.”
For nearly two years, the department has been accepting non-resident applications electronically and for over a year, it has been accepting non-resident renewals. The department also is working to implement procedures for electronic resident renewal within the next few months. With all of these electronic means in place, nearly 103,000 producers, both resident and non-resident, will be able to maintain licensure with the department without filling out or mailing paperwork to the department.
Visit NIPR’s Web site at https://www.licenseregistry.com/erl/ for more information on electronic licensing of resident insurance producers. Producers may also follow the link from the department’s Web site to the NIPR home page.
Source: The Missouri Department of Insurance, Financial Institutions and Professional Registration
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