What must an individual do to maintain a Surplus Lines Broker License regarding fee payments?

To maintain a Surplus Lines Broker License, it is essential for brokers to pay the Producer Recordkeeping fee to the Continuing Education (CE) Administrator. This fee is a mandatory requirement that helps ensure that the licensee remains in good standing and adheres to regulatory requirements for continuing education. Maintaining the license not only involves fulfilling educational prerequisites but also ensuring that all related fees are paid on time.

Paying this fee allows the broker to support the state's administrative functions that manage licensing and compliance activities, ensuring that all licensed brokers are properly documented and their records up to date. This reflects the broker's commitment to professional development and compliance with state regulations, ultimately contributing to a responsible and ethical surplus lines market.

While late payment fines, annual reports, or special exemption applications may have their own importance in other contexts, they are not the core requirement for maintaining the Surplus Lines Broker License compared to the obligation of regularly paying the necessary fees.