Premium Finance Company B

Any person engaged, in whole or in part, in the business of entering into insurance premium finance agreements with insureds; or Any person engaged, in whole or in part, in the business of acquiring insurance premium finance agreements from other insurance premium finance companies. A "B" type license shall be issued to an insurance premium finance company whose business of insurance premium financing is not limited to the financing of insurance premiums of one insurance agent or agency and whose primary function is to finance the insurance premiums of more than one insurance agent or agency.

Other Information

License Application

Apply On-Line

Duration of License

Annually

Authority

GS Chapter 58/Article 35

Exam: No Exam
License Type: Stand-Alone License

Fees

Application
$48.00
New License
$2,400.00
Renewal
$2,438.00
Reciprocity:
$0.00
Miscellaneous:
$100.00

Other Requirements

Must be qualified business entity; 18 years of age. There is additional cost for each branch office (if applicable)

Licensing Authority

NC Department of Insurance
Agent Services Division
325 N Salisbury Street
Raleigh, NC 27603-5926
919-807-6800

Please check with your local City, County or Municipality for area specific license requirements they may have.