The agency must obtain a Federal Employer Identification Number (FEIN) where applicable and register with the appropriate government agency. A business entity must meet certain name requirements prior to approval.
Attorney General Opinion No. 5756 states that in its name an agency may use the word "insurance" only in conjunction with the word "agency". Also, an agency may not use the term "insurance company", which might give the appearance of the entity being an underwriter.”
An individual who is licensed in Michigan and holds the qualification for which the agency is applying must be affiliated with the agency prior to licensure. The individual may hold a resident or non-resident license. If the individual is not licensed, refer to Producer/Individual Licensing
To license a Title Agency, follow the same procedures used to license the appropriate business type.
Submit the following:
- Application/License fee - $10.00 check or money order payable to the State of Michigan
- FIS 0223 Fee Card
- Uniform Application for Business Entity - Specify type of entity and qualification on page 3 of the application.
- Corporation or Limited Liability Company - articles of incorporation or organization are checked via the state corporations website
- Limited Liability Partnership and Partnership - copy of the partnership agreement that was filed with the appropriate government agency.
- Non-resident letter of certification - Our office will rely on verification of applicant's resident license through the Producer Database in lieu of original letter of certification.