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LICENSING SERVICES DIVISION (LSD)

● Assists with the implementation and enforcement of laws relating to the qualifications and licensing requirements for certain persons and companies doing an insurance business in California.
● Establishes and maintains an education curriculum for insurance agents and brokers,conducts more than 50,000 qualifying license examinations each year,issues approximately 40,000 new licenses annually,and enforces the licensing requirements for more than 232,000 active insurance producers and adjusters licensed in California.
● Generates more than $26,000,000 annually in revenue from licensing fees that is used to support many operations and programs of the CDI.
● Performs approximately 3,600 background investigations per year on current licensees and those seeking licensure,as well as the officers,directors,and stockholders of insurance production agencies and insurance companies.
● Oversees the approval and regulation of insurers transacting surplus line insurance in California.