GRANTING OF INSURANCE AGENT’S LICENSE

Licensing Division, Ground Floor, Insurance Commission

1071 United Nations Avenue, Manila
Telephone Nos. 523-8461 to 70 Loc. 111 & 130
Head of Division: Atty. Teodoro S. Mendoza
E-mail address: licensing@insurance.gov.ph

ABOUT THE SERVICE

The Insurance Code requires that no person shall act as insurance agent in the solicitation or procurement of applications fo r insurance or receive
for services in obtaining insurance any commission or compensation from any insurance company doing business in the Philippines without first
procuring a license from the Commissioner. The Commissioner shall satisfy himself as to the competence and trustworthiness of the applicant and
shall have the right to refuse to issue or renew and to suspend or revoke any such license in his discretion. The license is valid until the thirtieth
day of June of the year following its issuance. The application should be approved and countersigned by the company such person desires to
represent. An applicant representing life insurance company may apply for life, variable and accident and health type of lice nse. For non-life
insurance company, an applicant may apply for non-life, health and accident, CTPL only type of license . An applicant may be individual, partnership
or corporation. The soliciting official shall apply to act as agent in behalf of the agency. Only one life insurance company shall be represented by an
agent. Each non-life agent shall apply and be licensed on each company it intends to represent.

WHO MAY AVAIL OF THE SERVICE

Any person who desires to become an insurance agent may avail of the service.

REQUIREMENTS
1. Accomplished application form
2. Copy of examination result/proof of previous license issued
3. Documentary stamp (P15.00)
 4. 2 pieces 1x1 ID pictures
5. DTI Certificate of registration for sole proprietorship, SEC Certificate of registration for partnership and corporation, and CDA Certificate of
registration for cooperative
6. Articles of Incorporation/partnership/cooperation and By-laws
7. Certificate of training for previous and reviving agent
8. ACR and ICR or SRR Visa if applicant is an alien
9. General power of attorney if applicant is applying as general agent (compliant with Sec. 308, Insurance Code)
10. Board resolution of agency or appointment if applicant is applying as soliciting official of an agency
11. Board resolution if applicant is currently affiliated with insurance company with the rank of manager and above
12. Clearance/Letter request

FEES:
1. Ordinary Agent- P300.00
2. General Agent – P5,000.00

SCHEDULE OF THE AVAILABILITY OF SERVICE

Mondays-Fridays (except holidays), 8:00 AM - 5:00 PM

HOW TO AVAIL OF THE SERVICE

STEPS IN THE PROCESSING OF AGENT’S OFFICE ACTIVITY DURATION PERSON-IN-CHARGE

APPLICATION
1 Submission Frontline personnel receives application and 3 minutes Test Technician II
Insurance company submits application and requirements.
requirements to frontline personnel. The officer of
the insurance company must submit the soft Personnel uploads or saves soft copy of 5 minutes Insurance Specialist II
copy of the names and information of applicants agents’ information in the database.
for uploading in the database.

2 Evaluation of application The applications is entered in the book and 15 applications/hr Administrative Assistant Ii
assigned to an Action Officer for evaluation. The for processing 50 Insurance Specialist Ii
names are checked from the Negative List. application/hr Test Specialist II
for negative list Senior Insurance Specialist

3 Approval The Chief or the authorized Action Officer 2 minutes Chief, Licensing Division
approves, denies or returns the application for Assigned officer
lacking requirements or incomplete information.

4 Return of applications Applications are returned to the insurance 3 minutes Test Technician II
The insurance company is required to get the company. A separate denial letter of the
applications - preparation of payment form for application may be issued. 10 minutes Action officer
approved applications and compliance of
requirements for unapproved applications.
Discuss the those which require compliance with
the Action Officer
5 Payment Personnel issued payment request form. 3 minutes Test Technician II
In case of approval of application, secure Cashier receives payment , issues receipt and
payment request form and proceed to the Cashier writes the amount and receipt number in the C/O Cashier Section
Section for payment. Present payment request transmittal letter or application
form and application to the cashier. A receipt is
issued. The transmittal letter and application with
notes from cashier should be returned to
Licensing Division

6 Preparation of license The personnel 1) attaches the corresponding 30 applications/hr Administrative Assistant II
license per application, 2) types the licenses and 17 license/hr Test Technician II
3) attaches the pictures 30 license/hr Insurance Specialist II

7 Signing and issuance of license The Chief of the Licensing Division signs the 120 license/hr 5 Chief, Licensing Division All
The insurance company receives the licenses licenses. Personnel issues the licenses to min/transmittal staff are required to issue
of agents insurance company letter the licenses