What is the license renewal fee for an intermediary?

What is the license renewal fee for an intermediary?

• A. $5.00.
• B. $5.00 for each line of insurance the agent is licensed in.
• C. $35.00.
• D. $25.00 for each line of insurance the agent is licensed in.

Answer: (C)

The license renewal fee for an intermediary is set at $35.00. This amount reflects the cost established by the regulatory authority overseeing insurance practices in Wisconsin. When an intermediary holds a valid license, it is essential for them to renew it periodically, and the fee is part of maintaining compliance with the state's insurance laws. The other options do not accurately represent the current fee structure and may suggest fees based on a per-line basis or lower amounts, which are not in line with the state's established fees for intermediary license renewals. Understanding the correct fee is crucial for intermediaries to plan for their licensing expenses and ensure uninterrupted compliance in their insurance practice.

The license renewal fee for an intermediary is set at $35.00. This amount reflects the cost established by the regulatory authority overseeing insurance practices in Wisconsin. When an intermediary holds a valid license, it is essential for them to renew it periodically, and the fee is part of maintaining compliance with the state's insurance laws.

The other options do not accurately represent the current fee structure and may suggest fees based on a per-line basis or lower amounts, which are not in line with the state's established fees for intermediary license renewals. Understanding the correct fee is crucial for intermediaries to plan for their licensing expenses and ensure uninterrupted compliance in their insurance practice.