Which application form must business entities use to obtain an insurance license?

The Uniform Business Entity Application is the designated form that must be used by business entities seeking to obtain an insurance license. This application standardizes the process for all business entities, such as corporations and partnerships, when applying for licensing with insurance regulators.

Using this uniform application ensures that all necessary information is collected in a consistent manner, including details about the business structure, ownership, and any other relevant disclosures required by the insurance regulatory authority. By having a single, standardized form, it simplifies the application process for both the insurance providers and the regulatory agencies, making it easier to process and evaluate applications. This form is specific to the requirements of the insurance industry, which distinguishes it from generic business licensing applications that may not meet the specific criteria needed for insurance entities.