Annual Renewal of License for
Property Residual Value Insurer
Property Residual Value Insurer licenses expire annually on March 15th. The license is renewed by submitting a renewal fee of $1,500.00 with a cover letter requesting that the license be renewed after January 1 and before March 15 of each year.
Mail renewals to:
Louisiana Department of Insurance
Company Licensing
1702 N. 3rd St
Baton Rouge, LA 70802
Failure to pay the renewal fee by March 15 will result in the license being suspended. A license suspended for non-payment of fees may be reinstated within ninety days of the expiration by paying the required fee and providing an affidavit that the company is compliant with the applicable provisions of the Louisiana Insurance Code. The affidavit shall be signed by an officer of the company.
If the licensee fails to reinstate a suspended license within the ninety days of suspension, the license is subject to revocation.