California Insurance Commissioner Steve Poizner announced the Department of Insurance has created an online service for organizations applying for an insurance agency license. The online filing service will streamline the license application procedure and expedite processing time by several weeks, he said. The Business Entity Application Service is available on the DOI Web site at www.insurance.ca.gov.
“I am a firm believer in harnessing technology to make our government more flexible and responsive to the needs of the people,” Poizner said. “I know firsthand that technology can advance entire industries, and I will continue to implement practical methods to improve the accuracy and efficiency of our system.”
The Business Entity Application Service is a two-step process. The first step allows new applicants to receive necessary business name approval and reservations. The second step involves the completion of an online business entity application. There is no charge for the online application service.
Additionally, CDI said applications are frequently submitted with incomplete information, causing substantial delays in the issuance of licenses. The Business Entity Application Service is designed to assist applicants in completing their information accurately before submitting for processing, to cut wait times in the license issuing process.
Prospective applicants interested in this new service should visit the CDI Web site for additional information.
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