Mississippi Insurance License
Licensing requirements for Mississippi insurance professionals and companies.
This page provides an overview of insurance licensing in Mississippi 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 Mississippi 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.
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- Mississippi Financial Services Company Licenses
- Mississippi Individual Financial Services Licenses
Company Licenses
Mississippi Financial Services Company Licenses
Mississippi Collection Agency License
Not required
Debt Collection Agency licensure is not required on the State level in Mississippi.
Mississippi does not currently issue licenses for collection agencies.
Mississippi Insurance Agency License
| Agency: | Mississippi Insurance Department |
Initial Registration
This section applies to insurance firms that are applying for a license in Mississippi for the first time.
| Agency: | Mississippi Insurance Department |
| Form: | |
| Agency Fee: | Varies by insurance type. Baseline of $50 |
Mississippi Private Review Agency Certification
Initial Registration
| Agency Fee: | $1,150 |
| Notes: | Contact the department for an application form. |
| Required Attachments: |
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Registration Renewal
| Agency Fee: | $1,150 |
| Due: | Biennially by the date of issuance. |
| Notes: | Contact the department for a renewal form. |
Mississippi Third Party Administrator License - Resident
| Agency: | Mississippi Insurance Department |
Initial Registration
| Filing Method: | |
| Agency Fee: | $200 |
| Before you Apply: | All administrators must enclose the following: (A) All basic organizational documents of the administrator, including any articles of incorporation, articles of association, partnership agreement, trade name certificate, trust agreement, shareholder agreement and other applicable documents and all amendments to such documents; (B) The bylaws, rules, regulations or documents regulating the internal affairs of the Administrator; (C) The names, addresses, official positions and professional qualifications of the individuals who are responsible for the conduct of affairs of the administrator; including all members of the board of directors, board of trustees, executive committee or other governing board or committee; the principal officers in the case of a corporation or the partners or members in the case of a partnership or association; shareholders holding directly or indirectly ten percent (10%) or more of the voting securities of the administrator; and any other person who exercises control or influence over the affairs of the administrator; (D) Annual financial statements or reports for the two (2) most recent years which prove that the applicant is solvent. These statements must include a balance sheet and income statement and be accompanied by an affidavit containing original signatures of two officers of the TPA verifying that the financial statements are true and correct and have been prepared on the GAAP or SAP basis of accounting. Certified Audited Financials of the licensed TPA also may be submitted. If the financial statements are filed on a consolidated basis, they must include a breakout of the licensed TPA. The Commissioner may require additional information in in order to review the current financial condition of the applicant; (E) A statement describing the business plan including information on staffing levels and activities proposed in this state and nationwide. The plan must provide details setting forth the administrator's capability for providing a sufficient number of experienced and qualified personnel in the areas of claims processing, record keeping and underwriting; (F) If the applicant will be managing the solicitation of new or renewal business, proof that it employs or has contracted with an agent licensed by this state for solicitation and taking of applications. Any applicant which intends to directly solicit insurance contracts or to otherwise act as an insurance agent must provide proof that it has a license as an insurance agent in this state; |
Registration Renewal
| Filing Method: | |
| Agency Fee: | $200 |
| Due: | Biennially |
Individual Licenses
Mississippi Individual Financial Services Licenses
Mississippi Insurance Agent License
| Agency: | Mississippi Insurance Department |
Initial Registration
This section applies to insurance agents that are applying for a license in Mississippi for the first time.
| Agency Fee: | From $5 to $100 depending on license type |
Registration Renewal
| Filing Method: | |
| Agency Fee: | Varies based on license type + $1 online application fee |
| Due: | Biennially |
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.
