Insurance Producer Risk Assessment: Does Your Marketplace Need a License?

-- Risk Score

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Select an answer for each question to calculate your producer licensing risk.

Recommended Operating Model

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Jurisdiction & Customer

0 of 2 answered

Question 1

Where are you launching first (or already operating)?

This affects which regulatory frameworks apply.

Question 2

Who is applying for insurance inside the platform?

Consumer vs. commercial sophistication affects regulatory posture.

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Data Collection & Quoting

0 of 4 answered

Question 3

Where does the user enter application or underwriting information?

Collecting risk data is a key licensing trigger.

Question 4

Who generates the premium quote shown to the user?

Quote generation and display location matters.

Question 5

Does the marketplace display any quote output?

Showing user-specific quotes is a major licensing trigger.

Question 6

Does the marketplace recommend, rank, or filter insurance options?

"Best for you" or ranking based on user inputs suggests advice.

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Handoff & Binding

0 of 3 answered

Question 7

When does the licensed broker "take over"?

Earlier handoff = lower risk for the marketplace.

Question 8

Can the user bind or purchase through marketplace-controlled steps?

"Effecting" insurance requires licensing.

Question 9

After placement, what role does the marketplace play?

Post-bind servicing is often regulated activity.

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Communications & Compensation

0 of 3 answered

Question 10

Do marketplace employees or chatbots discuss coverage terms with users?

Discussing terms/exclusions/recommendations looks like "negotiating."

Question 11

How is the marketplace compensated?

Placement-contingent compensation is strong evidence of producer role.

Question 12

How is the insurance offer presented to users?

Marketplace branding increases "holding out" risk.

🚨 Hard Trigger Detected

📋 Assessment Results

Key Risk Drivers

Priority Fixes

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