Delaware Insurance License
Licensing requirements for Delaware insurance professionals and companies.
This page provides an overview of insurance licensing in Delaware for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in Delaware must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.
Company Licenses
Delaware Financial Services Company Licenses
Delaware Collection Agency License
Not required
Debt Collection Agency licensure is not required on the State level in Delaware.
Delaware does not currently issue licenses for collection agencies.
Delaware Insurance Agency License
| Agency: | Delaware Department of Insurance |
Initial Registration
This section applies to insurance firms that are applying for a license in Delaware for the first time.
| Agency: | Delaware Department of Insurance |
| Form: | http://www.delawareinsurance.gov/services/renewlicense.shtml |
| Agency Fee: | Varies by insurance type. Baseline of $75 |
Registration Renewal
This section applies to insurance firms that are already licensed in Delaware and need to renew their license.
| Agency: | Delaware Department of Insurance |
| Form: | http://www.delawareinsurance.gov/services/renewlicense.shtml |
| Agency Fee: | Varies by insurance type. Baseline of $75 |
A "Third Party Administrator" is defined as who directly or indirectly underwrites, collects charges or premiums from, or denies, modifies, adjusts or settles claims on residents of this state in connection with health and/or pharmacy benefits coverage offered or provided by an insurer. Delaware outlines some exceptions in 18 Del. Admin. Code § 1406-2.0
Delaware Third Party Administrator
| Law: | 18 Del. Admin. Code § 1406-2.0 |
| Foreign Qualification is Prerequisite: | No |
| Registered Agent (Special Agency) Required? | No |
Initial Registration
| Agency: | Delaware Department of Insurance |
| Form: | |
| Agency Fee: | $500 |
| Notes: |
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| Before you Apply: |
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| Required Attachments: |
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| Bond Amount: | An administrator licensed or applying for a home state certificate of authority/license that administers or will administer governmental or church self-insured plans in its home state or any other state shall maintain a surety bond for the use and benefit of the home state Commissioner and the insurance regulatory authority of any additional state in which the administrator is authorized to conduct business and cover individuals and persons who have remitted premiums or insurance charges or other monies to the administrator in the course of the administrator's business in the greater of the following amounts:
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Financial Reporting
Delaware Utilization Review License
Individual Licenses
Delaware Individual Financial Services Licenses
Delaware Catastrophic Adjuster License - Non-Resident
Initial Registration
| Filing Method: | |
| Agency Fee: | $0 |
Renewal Not Required
Not required
Catastrophic adjuster licenses are issued for 60 days and cannot be renewed.
Delaware Insurance Agent License
| Agency: | Delaware Department of Insurance |
Initial Registration
This section applies to insurance agents that are applying for a license in Delaware for the first time.
| Agency Fee: | From $0 to $1,000 depending on license type. |
Registration Renewal
| Filing Method: | |
| Agency Fee: | From $100 to $500 based on license type |
| Due: | Resident - last day of February in even numbered years Non-Resident - last day of February in odd numbered years |
Learn about insurance licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
