Become a Licensed Premium Finance Company
Before You Begin
It is important to note, any person, firm, corporation or association conducting business, within the State of NC, in any of these areas without a license/permit shall be guilty of a Class I misdemeanor. For more information relating to the exact laws and regulations cited in the North Carolina General Statutes, refer to NCGS Chapter 58/Article 35 (PDF).
Questions?
Applications & Forms
The following applications & forms for Non-Insurance Business Entities (NIBE) - collection agencies, motor clubs, and premium finance companies can be obtained on-line using the North Carolina License Management System (NCLMS).
FAQs
Your application will be under the preliminary review process by the North Carolina Licensing Office of Pearson VUE. You will be contacted by email if further clarification and/or additional information is needed. Upon successful completion of the preliminary review, the application will be referred to NCDOI for regulatory review. Once the application passes the regulatory review, an email notification of approval and certificate of licensure will be sent to the applicant. The entire process can take anywhere from 4-8 weeks. Typically, the preliminary review process takes 2 weeks, unless there are deficiencies within the application. Once all deficiencies are resolved, the regulatory review process can potentially take another 2-4 weeks.
Only an authorized owner/officer of the corporation can sign on behalf of the applicant.
The authorized officer should prepare, sign and date a statement similar to: "I, ___________________, an authorized officer of the applicant certify that the (above/below/attached) information is accurate, true and correct to the best of my knowledge."
No, each application is required to have its own set of supporting documentation.
Personal questionnaires are not required for corporate ownership.