Expanding into a Non-Resident State

[Everman]

Hello,

I am a lone producer in my own business. In my home state, I have my Producer License and I have my agency license. I would like to be able to write business that happens to be located in another state. I have my non-resident producer license already in that state. Is it necessary to also get a business entity license in the new state?

Thank you,

- E

 

[marindependent]

Is it necessary to also get a business entity license in the new state?

No, not typically required. There may be tax reasons to consider this, but you do not usually need to do this.

I have my non-resident producer license already in that state.

Congratulations.

I am a lone producer in my own business.

What lines of business?