The New York DFS Insurance Producer License – Business Entity is the official authorization a firm needs from the New York State Department of Financial Services before any agency, brokerage, or corporate entity can sell, solicit, or negotiate insurance in New York. Every LLC, corporation, partnership, or limited liability partnership that places New York risks must hold this license under New York Insurance Law §2103 and §2104, and the application is filed through the NIPR Business Entity portal using the NAIC Uniform Business Entity Application (Form BR), revision date 11/2022.
Filing the wrong line of authority, missing a Designated Responsible Licensed Producer (DRLP), or fumbling an ownership disclosure can stall your license for months and block carrier appointments tied to it. According to the NIPR 2024 licensing report, more than 18,000 New York business entity transactions are processed each year, and roughly 1 in 7 first-time applications are kicked back for fixable errors.
- 📋 How to choose the right resident or nonresident path for your firm
- 🧾 What every line, box, and disclosure on the Form BR really asks
- 💳 Exact fees, deadlines, and processing times across NIPR, Sircon, and paper
- 🧑⚖️ Which statutes, regulations, and DFS bulletins control your filing
- 🚫 The 10 most common mistakes that get New York business entity applications denied
What the Form Is and Who Must File It
The New York DFS Insurance Producer License – Business Entity is a state-issued license, governed by 11 NYCRR Part 33 and Article 21 of the New York Insurance Law, that lets a firm act as an insurance agent or broker in the state. Without it, no employee or sublicensee inside the firm may legally bind, sell, solicit, or negotiate New York insurance, even if each individual holds a personal producer license. The license is issued by the New York State Department of Financial Services Licensing Bureau and renewed every two years.
Any business entity that earns commissions on New York policies must file. That includes resident New York LLCs, S-corps, C-corps, partnerships, LLPs, and even certain professional corporations. Out-of-state firms that want to write New York risks file the same Form BR through the NIPR nonresident application path.
The form covers multiple lines of authority. Common ones include Property, Casualty, Life, Accident and Health, Personal Lines, Title, Public Adjuster, and Independent Adjuster, each priced and regulated separately under Insurance Law §2102. The DFS treats each line as its own qualification, so the firm must list at least one DRLP who personally holds that exact line on an active New York individual license.
Filing this form is not optional once a firm starts soliciting. New York treats unlicensed insurance activity as a violation that can trigger fines up to $1,000 per offense and order of restitution under Insurance Law §2110. Carriers also refuse to pay commissions to entities that lack an active business license, which can freeze cash flow overnight.
Before You Start: Documents and Information You Need
Gather every document below before opening the NIPR portal, because the session times out after 30 minutes of inactivity and partial filings are not saved. Missing even one item forces a restart, and the $200 fee is non-refundable once submitted.
- Federal Employer Identification Number (FEIN). The IRS-issued nine-digit number for the entity. DFS cross-checks it against IRS records, so a typo creates an automatic hold.
- Articles of organization or incorporation. The filed copy from the home state, showing exact legal name and formation date. The name on Form BR must match this document character-for-character.
- New York Department of State filing receipt. Proof of authority to do business in New York, available through the NY Department of State business search. Out-of-state firms need a Certificate of Authority.
- DRLP individual license number. The active New York producer license number for at least one owner, officer, or partner who will be the Designated Responsible Licensed Producer. Without an active DRLP, the application is denied at intake.
- Sublicensee roster. Names and NPNs of every individual producer who will operate under the entity license. Each must already hold a matching New York individual license.
- Ownership disclosure list. Full legal name, address, date of birth, and percentage of every person or entity owning 10% or more, required by the Uniform Business Entity Application.
- Background disclosure documentation. Court records, consent orders, or regulatory letters for any “Yes” answer to the Form BR background questions, for both the entity and every 10%+ owner.
- Letter of Certification (nonresidents only). A current letter from the home-state insurance department confirming good standing, dated within 90 days of filing, ordered through NIPR’s Letter of Certification service.
- Assumed name (DBA) approval. If the entity will use a trade name in New York, the NY Department of State Certificate of Assumed Name must be filed and approved before the BR.
- Payment method. A credit card, debit card, or ACH account with enough headroom to clear $200 per line of authority plus the NIPR transaction fee.
If you skip any item, the application stalls. DFS will issue a deficiency notice through NIPR, and the clock for the 30-day cure window starts the moment the notice posts.
Where to Get the Form and How to Access It
The current Form BR (revision 11/2022) lives inside the NIPR Business Entity application wizard, not as a downloadable PDF for online filers. NIPR builds the form on screen from your answers, sends it to DFS in real time, and stores a PDF copy in your transaction history. The same wizard exists for resident and nonresident applicants, with branching logic that adapts to home-state status.
A second electronic channel is Sircon for Agencies, operated by Vertafore. Sircon charges a slightly different transaction fee but submits the same Form BR data to DFS. Firms that already manage individual licenses through Sircon often prefer keeping everything in one dashboard.
A paper filing path still exists for situations NIPR cannot handle, such as exotic entity types, restorations after long lapses, or applicants flagged by the system. Download the NAIC Uniform Business Entity Application PDF and mail it with a check to the DFS Licensing Bureau, One Commerce Plaza, Albany, NY 12257. Paper processing runs four to eight weeks, versus three to five business days for NIPR.
Always confirm the form’s revision date in the bottom corner before signing. DFS rejects forms older than the 11/2022 revision because earlier versions omit the cybersecurity disclosure required under 23 NYCRR Part 500.
Step-by-Step: How to Fill Out the New York DFS Business Entity Producer Application Line by Line
The Uniform Business Entity Application (Form BR) is divided into clearly numbered sections. Each section below maps to the on-screen page inside NIPR and to the corresponding box on the paper Form BR. Follow them in order. Skipping ahead breaks the wizard’s validation logic.
Section 1: Applicant Type and Reason for Application
The first page asks whether you are filing a new license, a license addition, or a reinstatement. Pick New License if your entity has never held a New York producer license, or License Addition if you already hold one line and want to add another.
How to answer it: select the radio button that matches your goal, then choose the home state where the entity is domiciled. New York LLCs select New York as the resident state; out-of-state firms pick their formation state and the system flips to nonresident logic.
For example, Harbor Risk Advisors LLC, formed in Delaware and seeking New York authority, selects New License and chooses Delaware as the home state. The wizard then unlocks the nonresident path and requires a Letter of Certification.
A nuance worth knowing: a foreign LLC registered to do business in New York through the Department of State is still a nonresident for licensing, because residency tracks the formation state, not the registration state. Many filers get this wrong on the first try.
The most common mistake here is selecting Resident because the firm has a New York office. The consequence is automatic denial and forfeiture of the $200 fee, since DFS cannot reclassify mid-application.
A misconception people carry into this box is that “home state” means the state with the most clients. It does not. Home state means the state where the entity was legally formed, full stop, under NAIC Producer Licensing Model Act §3.
Section 2: Legal Name and Trade Names
This page captures the entity’s exact legal name and any DBAs. The legal name must match the articles of organization or incorporation letter for letter, including punctuation and entity suffix.
How to answer it: type the full legal name in all uppercase, no abbreviations, ending with the correct suffix (LLC, INC, LP, LLP). Add each approved trade name on a separate line in the Other Names field.
For example, Aisha Bennett is filing for her brokerage Bennett Bennett Insurance Services LLC. She types BENNETT BENNETT INSURANCE SERVICES LLC in the legal name field and BB INSURANCE under Other Names because she filed a Certificate of Assumed Name with the NY Department of State.
A nuance: if the trade name has not yet been approved by the Department of State, leave it blank. Listing an unapproved DBA triggers a deficiency notice and adds two weeks to processing.
The common mistake is dropping the LLC suffix because it “looks cleaner.” The consequence is a name mismatch between DFS records and the IRS FEIN database, which freezes the application.
A misconception here is that capitalization does not matter. DFS systems are case-sensitive on cross-checks, and lowercase entries occasionally fail the IRS match.
Section 3: Federal Employer Identification Number
The FEIN box collects the nine-digit number assigned by the IRS. It is the primary key DFS uses to track the entity across renewals, appointments, and enforcement.
How to answer it: enter all nine digits with the dash, formatted XX-XXXXXXX. Do not enter a Social Security Number, even for single-member LLCs that use SSN for taxes.
For example, Marcus Chen, sole owner of Chen Coastal Brokerage LLC, enters 85-1234567 exactly as shown on his IRS CP-575 letter.
A nuance: single-member LLCs that elected disregarded-entity status still need a separate FEIN for licensing. Use IRS Form SS-4 to get one before filing.
The common mistake is transposing two digits. The consequence is an automatic IRS-match failure that puts the application in suspense for up to 30 days.
A misconception is that the FEIN can be replaced with a state tax ID. New York licensing only accepts the federal number.
Section 4: Business Address and Contact Information
This page collects the principal business address, mailing address, email, and phone. The principal address must be a physical location, not a P.O. Box.
How to answer it: enter the street address, city, state, and ZIP for the headquarters in the Business Location fields. Use the Mailing Address fields for a P.O. Box only if mail goes elsewhere.
For example, Harbor Risk Advisors LLC enters 123 Main Street, Wilmington, DE 19801 as the business location, and PO Box 45, Wilmington, DE 19899 as the mailing address.
A nuance: nonresidents do not need a New York office, but the email address listed becomes the official channel for DFS notices, including renewal reminders and enforcement letters.
The common mistake is using the DRLP’s personal email. The consequence is missed renewal notices when that person leaves, which has caused dozens of unintentional license lapses.
A misconception is that listing a virtual office is fine. DFS rejects mail-drop addresses without a staffed location, under Insurance Circular Letter No. 9 (2014).
Section 5: Entity Type and Formation Details
Choose the entity classification, formation date, and state of formation. The drop-down lists LLC, Corporation, Partnership, LLP, Sole Proprietor, and a few specialty types.
How to answer it: select the type that matches your articles, then enter the formation date as MM/DD/YYYY. The state field auto-fills based on Section 1, but verify it before continuing.
For example, Bennett Bennett Insurance Services LLC selects Limited Liability Company, enters 04/12/2021, and confirms NEW YORK as the formation state.
A nuance: Professional Limited Liability Companies (PLLCs) are not eligible for an insurance producer license in New York. Pick the wrong category and the application is denied without refund.
The common mistake is selecting Corporation for an LLC because the firm files taxes as an S-corp. Tax election does not change legal entity type. The consequence is an immediate denial.
A misconception is that the formation date can be approximate. DFS cross-checks it against state-of-formation records, and any mismatch triggers a manual review.
Section 6: Lines of Authority Requested
This is the heart of the application. Select every line of authority the entity wants to write in New York. Each line carries its own $200 fee.
How to answer it: check every line that applies — Property, Casualty, Life, Accident and Health, Personal Lines, Title, Public Adjuster, Independent Adjuster, or other specialty lines. Match the selections exactly to the lines held by the DRLP.
For example, Harbor Risk Advisors LLC checks Property and Casualty because their DRLP, Janet Park, holds both lines on her individual New York producer license under Insurance Law §2103(a).
A nuance: you cannot request a line the DRLP does not personally hold. If Janet lacks a Life line, the entity cannot get one until she passes the Life exam or another licensed life producer is added as a DRLP.
The common mistake is over-checking lines “to be safe.” The consequence is wasted fees, since DFS charges per line and refuses partial refunds when a line gets denied for missing DRLP coverage.
A misconception is that the entity license automatically covers every line its sublicensees hold. It does not. Only the lines explicitly granted to the entity itself are valid.
Section 7: Designated Responsible Licensed Producer (DRLP)
The DRLP is the named individual responsible for the entity’s compliance with New York Insurance Law. Every business entity license requires at least one.
How to answer it: enter the DRLP’s full legal name, New York individual license number, NPN, and date of birth. The system validates the license in real time against DFS records.
For example, Marcus Chen designates himself as DRLP for Chen Coastal Brokerage LLC, entering his license number, NPN, and 07/22/1984.
A nuance: a DRLP can serve multiple entities only if they are commonly owned, under 11 NYCRR §33.3. Listing one DRLP across unrelated entities triggers an automatic flag.
The common mistake is naming an officer who is not yet licensed in New York. The consequence is denial at intake, no exceptions.
A misconception is that a nonresident DRLP must hold a New York resident license. They do not — a nonresident individual New York producer license is enough.
Section 8: Sublicensees and Affiliated Producers
This page lists each individual producer authorized to act under the entity license. The list creates the agency-of-record link DFS uses for commission and complaint tracking.
How to answer it: add each sublicensee by NPN. The system pulls the name and license status automatically. Remove any producer who no longer represents the firm.
For example, Bennett Bennett Insurance Services LLC lists Aisha Bennett, Carlos Rivera, and Priya Shah, all of whom hold active New York individual producer licenses.
A nuance: under Insurance Law §2112, every appointed producer must also be appointed by the carrier, separately from the entity appointment.
The common mistake is omitting an active producer who has been writing under the firm informally. The consequence is unlicensed activity findings during a DFS market-conduct exam.
A misconception is that sublicensees pay separate entity fees. They do not — the entity fee covers the license; individual producers pay only their own renewal fees.
Section 9: Ownership and Control Disclosure
List every individual or entity that owns 10% or more of the applicant. This is required by 11 NYCRR §33.4 and feeds DFS background checks.
How to answer it: enter full legal name, home address, date of birth, Social Security Number (for individuals), or FEIN (for entities), and the exact ownership percentage. Percentages must total 100% across all owners listed plus an “Other (under 10%)” bucket.
For example, Harbor Risk Advisors LLC lists Janet Park 60%, David Park 30%, and Other (under 10%) 10%.
A nuance: trusts, holding companies, and parent corporations must be disclosed up the chain to the ultimate beneficial owner. Stopping at the first parent triggers a deficiency.
The common mistake is rounding percentages. The consequence is a math-based rejection when the column does not equal 100%.
A misconception is that minority owners under 10% can be omitted entirely. They are aggregated into the “Other” line, but ignoring them creates a disclosure gap DFS may flag.
Section 10: Background and Disclosure Questions
The Form BR contains a series of “Yes/No” background questions about the entity’s and owners’ regulatory, civil, and criminal history. Honest answers are required under penalty of license denial and perjury.
How to answer it: read each question carefully and click Yes or No. Every “Yes” requires an attached explanation, supporting court documents, and consent orders.
For example, Carlos Rivera, listed as a 25% owner of Bennett Bennett Insurance Services LLC, answers Yes to a 2017 misdemeanor and uploads the certified disposition.
A nuance: even sealed or expunged matters must be disclosed if the question asks about ever being charged. The NAIC background question guidance clarifies what counts.
The common mistake is answering No to avoid embarrassment when records exist. The consequence is permanent denial under Insurance Law §2110(a)(2) for material misrepresentation, far worse than the original record.
A misconception is that minor traffic offenses count. They do not, unless they involve drugs, alcohol, or fraud.
Section 11: Cybersecurity Certification
New York added this section in the 11/2022 revision to comply with 23 NYCRR Part 500, the DFS Cybersecurity Regulation. Every producer entity is a “Covered Entity” unless an exemption applies.
How to answer it: select whether the entity is a Covered Entity or qualifies for a limited exemption, and certify that a written cybersecurity program is in place. Save a copy of the certification for the file.
For example, Harbor Risk Advisors LLC with eight employees and under $5 million in gross annual New York revenue checks the Limited Exemption box under 23 NYCRR §500.19.
A nuance: even exempt firms must still comply with several core requirements, including risk assessment and access controls.
The common mistake is checking the full exemption box without filing the Notice of Exemption on the DFS portal. The consequence is a deficiency notice and possible enforcement action.
A misconception is that being a small firm exempts you entirely. No firm is fully exempt from Part 500.
Section 12: Signature and Attestation
The final page is the electronic signature. The DRLP or an authorized officer signs under penalty of perjury that all answers are true and complete.
How to answer it: type the signer’s full legal name, title, and date in MM/DD/YYYY format. Click the attestation checkbox before submitting payment.
For example, Janet Park signs as JANET PARK, Managing Member, 03/15/2026 for Harbor Risk Advisors LLC.
A nuance: only an officer, partner, or member of the entity may sign. Outside counsel or a compliance vendor cannot sign on the entity’s behalf.
The common mistake is letting a paralegal sign with the officer’s name. The consequence is a false-statement violation under Insurance Law §2110.
A misconception is that the e-signature is just a formality. It is a sworn statement carrying the same weight as an in-person notarized signature.
Three Filled-Out Examples Using Real Scenarios
Scenario 1: Harbor Risk Advisors LLC — Delaware Nonresident P&C
| Form Section | What Harbor Risk Advisors LLC Enters |
|---|---|
| Applicant Type | New License, Nonresident |
| Legal Name | HARBOR RISK ADVISORS LLC |
| FEIN | 85-2233445 |
| Business Address | 123 Main Street, Wilmington, DE 19801 |
| Entity Type | Limited Liability Company, formed 06/01/2019, Delaware |
| Lines of Authority | Property, Casualty |
| DRLP | Janet Park, NY License PC-1234567 |
| Ownership | Janet Park 60%, David Park 30%, Other 10% |
| Background Questions | All No, with documentation on file |
| Cybersecurity | Covered Entity, full Part 500 program |
| Signature | JANET PARK, Managing Member, 03/15/2026 |
Scenario 2: Bennett Bennett Insurance Services LLC — Resident NY Multi-Line
| Form Section | What Bennett Bennett Insurance Services LLC Enters |
|---|---|
| Applicant Type | New License, Resident |
| Legal Name | BENNETT BENNETT INSURANCE SERVICES LLC |
| FEIN | 87-9911223 |
| Business Address | 250 Lexington Ave, New York, NY 10016 |
| Entity Type | LLC, formed 04/12/2021, New York |
| Lines of Authority | Property, Casualty, Life, Accident and Health |
| DRLP | Aisha Bennett, NY License LB-3344556 |
| Sublicensees | Aisha Bennett, Carlos Rivera, Priya Shah |
| Ownership | Aisha Bennett 75%, Carlos Rivera 25% |
| Cybersecurity | Limited Exemption under §500.19 |
| Signature | AISHA BENNETT, Managing Member, 03/15/2026 |
Scenario 3: Chen Coastal Brokerage LLC — Single-Owner S-Corp Adding Life
| Form Section | What Chen Coastal Brokerage LLC Enters |
|---|---|
| Applicant Type | License Addition, Resident |
| Legal Name | CHEN COASTAL BROKERAGE LLC |
| FEIN | 82-7788991 |
| Business Address | 15 Ocean Pkwy, Brooklyn, NY 11218 |
| Entity Type | LLC (S-corp tax election), formed 09/10/2020, New York |
| Lines of Authority Added | Life, Accident and Health |
| DRLP | Marcus Chen, NY License LA-5566778 |
| Ownership | Marcus Chen 100% |
| Background Questions | All No |
| Cybersecurity | Limited Exemption under §500.19 |
| Signature | MARCUS CHEN, Sole Member, 03/15/2026 |
How to File the Completed Form
Once the Form BR is complete, choose a filing channel that matches your situation. Most firms file electronically because DFS gives priority processing to digital submissions.
Online via NIPR. Submit through the NIPR Business Entity portal. The state fee is $200 per line of authority, plus a NIPR transaction fee of about $5.60. Pay by credit card, debit card, or ACH. Processing typically takes three to five business days. Save the NIPR confirmation email and PDF as proof of filing.
Online via Sircon. File through Sircon for Agencies at the same $200-per-line state fee plus Sircon’s $9.40 transaction fee. Sircon accepts credit cards and ACH, processes in three to five business days, and emails a transaction receipt that doubles as proof of filing.
Paper by mail. Mail the completed Form BR PDF with a check payable to Superintendent of Financial Services to the DFS Licensing Bureau, One Commerce Plaza, Albany, NY 12257. Processing runs four to eight weeks. Keep the certified-mail green card as proof of filing.
In person. Walk-in filings are accepted at the Albany office during business hours. Bring two copies of the BR, all attachments, and a check. The cashier stamps your copy as proof of filing.
What Happens After You File
DFS reviews each application in the order received. NIPR submissions land in the DFS queue overnight, while paper applications are scanned and indexed within 10 business days of arrival.
If everything is clean, DFS issues an electronic license through the DFS MyPortal within three to five business days for online filings. The license number, issue date, and lines of authority appear in the public Producer Search database the same day.
If something is missing, DFS posts a deficiency notice through NIPR or by mail. The entity has 30 days to cure. Missing the deadline forces a fresh application and a new $200-per-line fee.
Once licensed, the entity must immediately update appointments with each carrier, post the license at the principal place of business, and start tracking the two-year renewal cycle. Renewals open 90 days before expiration through the NIPR renewal portal.
Mistakes to Avoid When Filling Out the Form
- Mismatched legal name. Even a missing comma between LLC and the name causes an IRS-match failure that suspends the application.
- Wrong residency selection. Picking Resident for an out-of-state firm with a New York office triggers automatic denial.
- Incomplete DRLP designation. Naming an unlicensed officer as DRLP causes intake rejection with no refund.
- Missing ownership chain. Disclosing only the immediate parent of a holding company creates a deficiency that delays processing 30 days.
- Wrong line of authority. Requesting Life when the DRLP holds only P&C wastes the $200 line fee and forces a refile.
- Background “No” with hidden record. Material misrepresentation under §2110 leads to permanent denial across all NAIC states.
- Outdated form revision. Submitting a pre-11/2022 Form BR omits the cybersecurity section and gets bounced.
- P.O. Box as principal address. DFS rejects mail-drop locations as the headquarters address.
- Trade name without DOS approval. Listing an unfiled DBA triggers a two-week deficiency cycle.
- Skipping cybersecurity exemption filing. Checking the exemption box without filing the Notice of Exemption invites enforcement action.
- Using SSN instead of FEIN. Single-member LLCs that file with an owner’s SSN are rejected at the IRS-match step.
- Late renewal. Missing the two-year renewal window forces a full reinstatement, not a renewal, with extra fees.
Do’s and Don’ts
- Do confirm the DRLP’s individual license is active in every requested line before paying — DFS validates in real time and a mismatch wastes the fee.
- Do save the NIPR confirmation PDF — it is the only universally accepted proof of filing.
- Do disclose every “Yes” background answer with full documentation — partial disclosures look worse than the underlying issue.
- Do file the Certificate of Assumed Name with the NY Department of State before listing a DBA — unapproved DBAs cause delays.
- Do track the two-year renewal date in two separate calendars — DFS does not extend deadlines for missed reminders.
- Do keep cybersecurity policies current — Part 500 audits begin within the first license cycle.
- Don’t abbreviate the entity suffix — LLC is not the same as L.L.C. in DFS systems.
- Don’t name an outside counsel as DRLP — only an owner, officer, partner, or member qualifies.
- Don’t select extra lines “to be safe” — fees are non-refundable per line.
- Don’t use a personal Gmail as the entity contact — DFS notices may be missed when staff turns over.
- Don’t ignore deficiency notices — the 30-day cure clock runs from posting, not reading.
- Don’t file paper unless you must — paper takes four to eight weeks while NIPR takes three to five days.
Pros and Cons of Filing on Your Own vs. With Help
- Pro: Cost. Filing pro se via NIPR costs about $206 per line, while a compliance consultant runs $500 to $1,500 per filing.
- Pro: Speed. A prepared owner can finish the wizard in under an hour, compared with multi-day consultant turnaround.
- Pro: Control. You see every disclosure, owner percentage, and DRLP designation before submission.
- Pro: Learning. Filing once teaches the renewal process for the next two-year cycle.
- Pro: Direct DFS communication. The contact email goes straight to you, so deficiency notices arrive without filter.
- Con: Complexity. Ownership chains, background questions, and cybersecurity sections are easy to misread without licensing experience.
- Con: Higher rejection risk. First-time filers see a 14% rejection rate, far above the consultant-prepared average.
- Con: Time cost. Researching statutes, gathering documents, and drafting disclosures can take 8 to 15 hours.
- Con: No second set of eyes. A consultant catches mismatches and bad data before payment.
- Con: Background-question stress. Misreading a “Yes” trigger can cause permanent denial under §2110.
FAQs
Is a New York DFS Business Entity Producer License required for an LLC that only writes commercial policies?
Yes. Every LLC, regardless of personal-lines or commercial focus, that solicits, sells, or negotiates New York insurance must hold a business entity producer license under Insurance Law §2103.
Can a single-member LLC use the owner’s individual producer license instead of getting an entity license?
No. New York requires a separate entity license whenever the firm receives commissions in the entity’s name, even with a sole owner who is personally licensed.
Do I write the entity’s legal name with or without the LLC suffix in Section 2?
Yes, include the suffix exactly as filed with the state of formation. Dropping LLC causes a name mismatch and an IRS-match failure during intake.
Should I enter my Social Security Number in the FEIN box if I am a sole-member LLC?
No. Always use the entity’s nine-digit federal Employer Identification Number. Use Form SS-4 to obtain one if needed before filing.
Can the DRLP be a nonresident of New York?
Yes. A DRLP only needs an active New York individual producer license, which can be a resident or nonresident license.
Is the $200-per-line fee refundable if my application is denied?
No. Both DFS state fees and the NIPR transaction fee are non-refundable, even if denial occurs at the intake stage.
Do I need to list owners who hold less than 10% in Section 9?
No, they are aggregated under “Other (under 10%).” However, the percentages must still total 100% across all listed owners.
Should I check Property and Casualty even if my DRLP only holds Property?
No. Only request lines the DRLP personally holds, or the line will be denied without refund.
Is paper filing faster if I drop it off in person at Albany?
No. In-person filings still go into the same paper queue, which takes four to eight weeks regardless of delivery method.
Do trade names need separate Department of State filings before listing them on the BR?
Yes. A Certificate of Assumed Name must be approved by the NY Department of State before any DBA can appear on the application.
Can I sign the BR as outside counsel for the entity?
No. Only a member, partner, officer, or other authorized insider may sign under penalty of perjury.
Is my license active immediately after I pay through NIPR?
No. Payment starts a three-to-five-business-day review window before DFS issues the license and posts it to the public Producer Search database.
Related reading
- How to Fill Out New York DFS Captive Insurance Company Application + FAQs
- How to Fill Out New York DFS Individual Insurance Producer License + FAQs
- How to Fill Out New York DFS Public Adjuster License (w/Examples) + FAQs
- How to Fill Out New York DFS Surplus Lines Broker License (w/Examples) + FAQs
- How to Fill Out New York DFS Virtual Currency License + FAQs
- How to Fill Out the New Jersey DOBI Business Entity Producer License + FAQs
- How to Fill Out the Washington OIC Surplus Line Broker License + FAQs