Puerto Rico Insurance License Requirement. To obtain market approvals, manufacturers or. Surplus lines broker applicants must hold an active producer or authorized representative license to apply and are required to hold a $25,000 bond.
Each of the 50 states, the district of columbia, puerto rico, and. Puerto rico money transmitter license puerto rico will begin managing money transmitter licensees on nmls on july 1, 2014. To comply with the cli you can obtain liability insurance coverage of at least $3,000 from your insurance company if the company is licensed to do business in puerto rico.